CBE clarifies Banque Misr UAE branch measures
Egypt’s central bank said measures reportedly imposed on Banque Misr’s branch in the United Arab Emirates as part…
Browsing Tag
Banking Sector
CBE approves digital banking identity rules
The Central Bank of Egypt (CBE) has approved rules governing the Digital Financial Identity (DFI), enabling banks…
Banks in Egypt adopt ISO 20022 standard for interbank transfers – CBE
Egypt's banking sector has adopted the international ISO 20022 messaging standard for interbank financial…
Standard Chartered sees Egypt’s pound at 49 per dollar by end-2026
Standard Chartered expects Egypt's pound to strengthen against the US dollar by the end of the year, supported by…
CBE marks 10th participation in Arab Financial Inclusion Day
Egypt's Central Bank (CBE) announced on Tuesday its participation in Arab Financial Inclusion Day for the tenth…
Egypt’s banks to close on 7 May for Labour Day – CBE
The Central Bank of Egypt (CBE) announced on Tuesday that work will be suspended across all banks operating in…
Egypt’s banking sector shows resilience with strong capital, low NPLs – CBE
Egypt’s banking sector remains robust and well-positioned to support economic growth, according to the latest…
Sisi directs inflation control, economic growth
Egypt’s President Abdel Fattah El-Sisi stressed the need to reduce inflation by closely monitoring targeted…
Egypt’s FX reserves cover 6.9 months of imports, above global norms
Egypt’s net international reserves rose to a record $52.6 billion in January 2026, covering about 6.9 months of…
Hania Mohamed Mostafa: Redefining Success beyond Banking and Titles
The story did not begin with a vague dream or a sudden desire to break the rules.
Egypt launches first AI diploma for banking sector
Egypt’s Central Bank, in collaboration with Newgiza University, has launched the first specialised diploma in…
Egypt’s central bank, EBI launch anti-fraud training for bank staff
Egypt’s central bank announced on Sunday a new training programme aimed at strengthening the banking sector’s…
GAFI, Emirates NBD sign MoU to promote investment in Egypt
Egypt's General Authority for Investment and Free Zones (GAFI) signed a memorandum of understanding (MoU) on Sunday…
Kuwait c. bank cuts rates by 25 basis points
The Central Bank of Kuwait (CBK) on Wednesday cut the discount rate by 25 basis points to 3.50 per cent, effective…
Egypt’s Social Housing Fund, United Bank sign deal to expand mortgage finance cooperation
Egypt’s Social Housing and Mortgage Finance Fund (SHMFF) signed a new cooperation protocol with the United Bank on…
Fitch affirms Egypt’s rating at ‘B’ with stable outlook
Fitch Ratings has affirmed Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’, maintaining a…
Egypt’s c.bank launches Banking Reform and Development Fund
Egypt’s central bank has launched the Banking Reform and Development Fund and appointed an eleven-member board for…
Kuwait cuts discount rate by 25 bps
Kuwait’s Central Bank cut the discount rate by 25 basis points to 3.75 per cent, effective Thursday, in response to…
Fitch: Egypt’s bank liquidity to stay stable through ’27
Fitch Solutions projected continued stability in Egypt’s banking sector liquidity over the next two years.
CBE suspends banking operations on Thursday for Revolution Day
The Central Bank of Egypt (CBE) announced that all banks operating in the country will suspend work on Thursday,…
Egypt eyes stronger partnership with Standard Chartered Bank
Egypt’s Deputy Minister of Investment and Foreign Trade Ghada Nour held a high-level meeting with representatives…
Egypt’s banks off on July 3rd
The Central Bank of Egypt (CBE) announced that all banks operating in the country will suspend work on Thursday,…
Egypt’s CBE, Hayah Karima sign MoU to advance social development
The Central Bank of Egypt (CBE) has signed an MoU with the Hayah Karima Foundation to enhance volunteering efforts…
Egypt’s banks off on Thursday
The Central Bank of Egypt (CBE) announced that all banks operating in the country will suspend work on Thursday, 3…
Egypt approves EBRD expansion
Egypt has approved amendments to the European Bank for Reconstruction and Development (EBRD) founding agreement to…
Egypt’s banks off on June 5-9 for Muslim feast
The Central Bank of Egypt (CBE) announced that all banks in the country will suspend work from Thursday, June 5,…
IMF sees growth cooling in Italy, urges stronger fiscal discipline
Italy’s economy expanded by 0.3 per cent in the first quarter of 2025, after posting 0.7 per cent growth in 2024…
Bank Indonesia to inject $5bn liquidity into banking sector
Bank Indonesia's (BI) decision to reduce the secondary reserve requirement from 5 to 4 per cent starting in June…
EBRD, Jordan’s Bank al Etihad expand green finance
The European Bank for Reconstruction and Development (EBRD) has extended a US$ 30 million (€27.3 million)…
Egypt’s CBE announces banking hours for Ramadan ’25
The Central Bank of Egypt (CBE) has announced the official working hours for the banking sector during Ramadan…
Fitch: Türkiye’s economic outlook stable despite inflation concerns
Türkiye's sovereign rating remains at 'BB-' with a stable outlook, according to Fitch Ratings.
Vietnam’s banking sector to see 17% earnings growth in ’25
Vietnam's banking sector earnings are expected to grow from 14 per cent in 2024 to 17 per cent in 2025.
S&P Global: Banks lead Asia’s economic performance in Dec ’24
Asia’s economic activity slowed in December 2024, with growth recorded in only 11 out of the 18 sectors monitored…
Turkish banks face margin squeeze amid tightening policy – Fitch
Turkish banks continued to face pressure on their margins in the second quarter of 2024, driven by stringent…
Russian banking sector profits surge 42% in August ’24
The Russian banking sector's profits experienced a significant surge in August 2024, increasing by 42 per cent…
Asian business activity remains broad-based in July – PMI
The Asia Pacific region saw widespread economic growth in July across 15 out of 18 sectors.
STOXX 600 inches Up, tech wins over banking woes
European stock markets experienced a varied day of trading on Wednesday, with the STOXX 600 index seeing a modest…
CIB leads banking sector gains in EGX Sunday trading
In a robust trading session this Sunday, the Commercial International Bank (CIB) led the banking sector’s gains,…
JPMorgan chooses France’s CB over Visa, Mastercard
JPMorgan Chase & Co. announced on Tuesday its partnership with France’s primary payment network, Cartes…
Deutsche Bank acquires UK broker Numis
Deutsche Bank has completed its full acquisition of London-based boutique investment bank, Numis, the German bank…