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…
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Banking
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…
FinTech, Seedspace partner to bring Global FinTech Week to Cairo
Seedspace Global FinTech Week took part in Flat6Labs to facilitate a meaningful discussion around FinTech,…
Green energy firms start feed-in tariff talks in Egypt
Renewable energy companies have started negotiations with foreign and domestic banking institutions in Egypt to…
HSBC, StanChart help UK banking index recoup post-Brexit losses
Britain's leading banking index .FTNMX8350 inched higher on Tuesday and recovered, in sterling terms, all of the…
