Islamic financing in Egypt to reach 230bn pounds at year-end
Islamic financing in Egypt is expected to grow to 230 billion Egyptian pounds ($12.85 billion) at the end of this…
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Banking Sector
Egypt’s banks to take Sunday and Monday off for Easter, Sham El-Nessim: CBE
The Central Bank of Egypt has designated the coming Sunday and Monday as official holidays for the banking…
US dollar maintains prices against Egyptian pound
U.S. dollar exchange rate against the Egyptian pound maintained prices during Sunday’s dealings in the banking…
Moody’s expects better performance of Egypt’s bank sector in 2018
Moody's Corporation anticipated a better performance of the banking sector in Egypt in 2018. Despites, its negative…
Saudi outperforms but insurer MedGulf hit by regulator warning
The banking sector helped the Saudi Arabian stock index outperform the region in early trade on Wednesday, but…
Egypt’s central bank signs deal for economic empowerment for women
Egypt's central bank has signed on Wednesday a deal with the National Council for Women that calls for the economic…
Moody’s cuts Oman banking outlook on weaker government support
The outlook for Oman’s banking sector was cut to negative by Moody’s Investors Service to reflect a reduction in…
Moody’s: Egypt’s reviving tourism to prop up banking sector
A 51 percent year-on-year rise in tourist arrivals in the first quarter of 2017 is likely to prop up the banking…
Egyptian pound flotation poses challenges for banks’ 2016 financial positions
The decision of the flotation of the pound towards the end of last year affected all banks in the banking sector…
Australia to hold new inquiry into ‘Big Four’ banks
Australia will hold an inquiry into competition in the country's financial system, following a series of scandals…