Bank News

Saudi Islamic Al-Rajhi Bank, one of the biggest banks in the country, suspended transactions in Egyptian pounds across all of its branches.
23.01.2024 | News by Ahram Online

The IMF visit coincided with a new report by Moody’s, revising its outlook on Egypt from “stable” to "negative."
22.01.2024 | News by new arab

(CIB) has issued new premium certificates of deposits (CDs) that offer a fixed monthly yield of up to 22 percent.
22.01.2024 | News by Ahram Online

CBDCs, a form of digital currency issued by a country’s central bank, differ from cryptocurrencies in that their value is pegged to the country’s fiat
21.01.2024 | News by Innovation Village

Al Baraka Bank Egypt and EG Bank announced new restrictions on foreign currency transactions on Tuesday through their respective websites.
17.01.2024 | News by Egypt Today

Foreign companies can now retain their capital increase deposit in foreign currency, rather than having it converted to Egyptian pound by the bank.
17.01.2024 | News by Ahram Online

Will include green, blue, social, and sustainable bonds to support Egypt’s Vision 2030.
16.01.2024 | News by economy middle east

Egypt's Nasser Social Bank (NSB) has launched new certificates of deposit (CDs) that offer an annual yield of up to 20 percent.
14.01.2024 | News by Ahram Online

Since 2022, Egyptian banks have been grappling with the challenge of preserving foreign currency resources amid a server shortage.
Papers by Egypt Business Directory

Mohamed El Etreby, Chairman of Banque Misr, also reported proceeds reaching LE 70 billion since the launch. 
12.01.2024 | News by Egypt Today

Last month, the IMF appeared to shift its emphasis from the exchange rate to inflation targeting.
11.01.2024 | News by Yahoo Finance

A mission from the World Bank arrived in Egypt on Tuesday for a multi-day visit to discuss the development of the country's State Ownership policy.
11.01.2024 | News by Ahram Online

The source added that NBE’s proceeds exceeded LE17 billion, while Banque Misr’s reached about LE15 billion on Monday.
10.01.2024 | News by Egypt Independent

The World Bank downgraded its forecasts for Egypt’s real GDP growth for 2024 to 3.5 percent from 3.7 percent in a previous estimate.
10.01.2024 | News by Ahram Online

 U.S. Treasury Secretary Janet Yellen will meet with top Egyptian finance officials in Washington on Tuesday.
10.01.2024 | News by Reuters

The Central Bank of Egypt (CBE) has instructed all banks operating in the country to apply a minimum interest rate of 24 percent on loans.
10.01.2024 | News by Ahram Online

Inflation has eased from a historic high of 38.0% in September, but inflation risks are growing again.
09.01.2024 | News by Reuters

Egypt is set to adopt a flexible exchange rate policy to adjust the pound’s value against the US dollar to meet a 39.61 rate planned by 2028.
08.01.2024 | News by Ahram Online

On Thursday, NBE and Banque Misr announced the issuance of new CDs, offering annual yields of 23.5 percent and 27 percent, respectively.
08.01.2024 | News by Ahram Online

Cabinet spokesman Mohamed El-Homsany said that an IMF delegation is visiting the country this month to conduct further consultations.
08.01.2024 | News by See news