HSBC plans sale of French retail banking business
HSBC is planning to exit its French retail banking business under interim chief executive Noel Quinn, the Wall…
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Banking
‘Builders of Egypt’ to tackle means of funding projects in Africa
The 5th edition of " Builders of Egypt forum themed “Building Exports as a New Future for Investment” will look at…
Egypt wins two seats on Union of Arab Banks’ board
Egypt has won two seats on the Union of Arab Banks’ (UAB) new board of directors from 2019 until 2022.
Sudan, Saudi Arabia reportedly to restore banking ties
Sudan and Saudi Arabia have agreed to re-establish banking relations, the official Sudanese news agency SUNA…
Bank Audi-Egypt launches its New Core Banking System “FlexCube” in Nov.
As part of its commitment to continuously offer the latest and up-to-date technological banking solution in the…
Egypt’s CBE receives 2nd tranche of IMF loan
The second tranche of the International Monetary Fund’s (IMF) loan to Egypt, $1.25 billion, has entered the…
Egypt’s CIB agrees to sell 10% of CI Capital
Egypt's largest listed bank, Commercial International Bank (CIB) has agreed to sell 10 percent of its investment…
Europe stocks close lower; VW up by 4.5%
European stocks closed lower on Monday with banking and oil stocks leading the declines. The pan-European Stoxx 600…
Intesa Sanpaolo secures €110m for Egypt in 2016
Intesa Sanpaolo-Dubai hub Bank has secured €110 million in financing for Egypt throughtout 2016, said head of…
Egypt’s CIB close to finalise sale of CI Capital
Egypt's largest listed bank Commercial International Bank (CIB) said it is in talks with local and Gulf investors…