Union of Arab Banks’ Conference Kicks off in Sharm El-Sheikh
Under the auspices of Egyptian Central Bank Governor Hesham Ramez and in cooperation with the Federation of…
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Banks news
Barclays Takes $800mn Provision over Forex Probe
Barclays PLC on Thursday reported a fresh GBP500 million ($800 million) legal provision related to investigations…
US Federal Reserve to End Quantitative Easing Programme
The US Federal Reserve has called time on its $4.5 trillion (£2.8tn) quantitative easing programme, introduced more…
NBE Renews EGP1.5bn Credit Facilities for Egypt’s Cotton Sector Next Month
The National Bank of Egypt (NBE) plans within next month to renew credit facilities worth EGP 1.5 billion for its…
Egypt Cabinet Ratifies World Bank’s Household Gas Connection Loan
The Egyptian cabinet has endorsed Wednesday the country’s loan agreement worth US$500 million with World Bank for…
Deutsche Bank Posts Loss; to Replace Finance Chief
Deutsche Bank swung to a net loss in the third quarter after the lender boosted its reserves to cover fines from…
Fed Set to End One Crisis Chapter Even As Global Risks Rise
The U.S. Federal Reserve on Wednesday is expected to shutter its bond-buying program, closing one controversial…
Domestic Debt Recorded at EGP1.8 trillion by June 2014: CBE
Domestic debt reached EGP 1.8tn in June 2014, of which 84.7% was government debt and 3.2% was public economic…
US Urges Arab Banks to Dry up ISIS Financial Resources
The United States has been pressing Arab Banks to tighten their supervisory measures in order to control suspected…
AlexBank Joins Habitat for Humanity Egypt to build homes in Minya
AlexBank, a member of Intesa Sanpaolo Group, has joined hands with Habitat for Humanity (HFH) Egypt to provide 45…