BLOM Bank-Egypt launches asset management unit
BLOM Bank Egypt, the Egyptian arm of Lebanon’s lender BLOM, has recently launched its asset management unit, deputy…
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U.S. dollar to reach 20 Egyptian pounds in 2019: CNN
A recent report by CNN Arabia has raised two questions: Has the Egyptian pound recovered? Has the Egyptian…
JPMorgan’s top quant strategist compares bitcoin to ‘pyramid scheme’
JPMorgan's top quant strategist supported his boss this week in bashing bitcoin, warning that the cryptocurrency is…
Egypt’s central bank may obligate banks to classify loans, deposits by gender
Egypt’s central bank is studying requiring banks to report the breakdown of their loan and deposit figures…
AFI launches Arab region’s financial inclusion initiative in Sharm El-Sheikh
German state development agency (GIZ), Arab Monetary Fund (AMF), and the Alliance for Financial Inclusion (AFI)…
Only 20% of Arabs have access to formal financial services: Jouahri
Only 20 percent of adults in the Arab world have access to formal financial services, said Abdellatif Jouahri,…
Sisi: Egypt lowers inflation target to 13% for 2018
Egypt’s President Abdel Fattah al-Sisi said on Thursday that his country seeks to lower its annual inflation target…
Egypt cuts inflation target to 9% for 2019
Egypt's central bank has lowered its annual inflation target to 9 percent in 2019, assistant sub governor for…
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…
Banque Du Caire says raised $700 million since Egypt currency float
Banque Du Caire, one of Egypt's largest and oldest public lenders, says it has collected around $700 million in the…