BREAKING: ECB Keeps Rates on Hold as Draghi Tests Power Limits
The European Central Bank kept interest rates unchanged at record lows as investors wait for signs from President…
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Egypt’s Foreign Reserves Rise $38mn in October – CBE
Egypt's foreign reserves registered a $38 surge to hit $16.909 billion at the end of October from $16.871 billion…
Egypt to Repay $2.5bn Qatari Deposit at End-Nov –C.bank Source
Egypt will repay a $2.5 billion deposit to Qatar at the end of November, bringing to $6 billion the deposits it has…
EBRD Secures $30mn to NBE for Small Business Development
The European Bank for Reconstruction and Development (EBRD) provided the National Bank of Egypt (NBE) with a $30m…
Banks to Launch New Tool to Fight Hackers: WSJ
A group of cybersecurity firms funded by big banks plan to launch a platform that will allow financial companies to…
Crédit Agricole Egypt: Net Profit after Tax Falls 11.6% in Nine Months
Crédit Agricole Egypt’s board ratified Sunday the indicators of business results for the past nine months ended on…
Al Baraka Bank Egypt: Net Profit Grows 41% in 9 Months
Al Baraka Bank Egypt reported a 41% increase in its net profit all over the last nine months ended on September 30,…
EALB Contributes EGP200mn to the Biggest Loan in Egypt’s Banking Sector
The Egyptian Arab Land Bank will pump EGP 200 million (around US$28 million) in one of the biggest loans in the…
Arab African International Bank Expands ATM Service in Egypt
The Arab African International Bank (AAIB) expanded their ATM network in Egypt last week allowing customers to…
IDWBE: Profits, before Appropriations, Hit EGP116mn at Sept-end
Egypt's Industrial Development & Workers Bank (IDWBE) registered profits, before appropriations, amounting to…