Egypt Banks Prepare for June 30 Nationwide Protest Rallies
Demand for the dollar stops and stock rises amidst continued tight liquidity.A state of caution and anticipation…
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Egypt Protests Could Heap Pressure On Beleaguered Currency
Egypt's central bank faces an uphill task keeping the country's currency stable if mass anti-government protests…
HSBC Bank Limits Cash Withdrawals As Protests Take Off
A major bank in Egypt, HSBC limits daily cash withdrawals and deposits as pro- and anti-government protests grip…
NBE: Stocking ATM with Cash, Withdrawals Rates Going Normally
Mohamed Ihab, head of transaction banking group at National Bank of Egypt (NBE), revealed that the bank's…
United Bank’s Finance to SMEs Hit EGP200 Mln in May, Chief Says
Mohamed Ashmawy, chairman of United Bank, announced that the bank's finance to the SMEs projects have totaled at…
Bankia Sells 12.09% of IAG at EUR3.01 a Share
Nationalized Spanish bank Bankia said Thursday it had sold its stake in International Consolidated Airlines Group…
Egypt C.Bank to Offer US$40 Mln at Today FX Auction
The Central Bank of Egypt (CBE) will be offering on Thursday US$ 40 million to the local banks at its 74th foreign…
MasterCard and EBC Launch Flous Mobile Payment Gateway in Egypt
MasterCard, National Bank of Egypt (NBE) in collaboration with Etisalat have rolled out their mobile payment wallet…
Islamic Banking Association Launches Index of Bourse’s Sharia-Compliant Shares
Islamic banking experts have called on the Central Bank of Egypt to tailor its policies regarding Islamic banking…
Egypt Army Reinforces its Presence around C.Bank
Egyptian Army reinforced on Wednesday its presence around the headquarters of Central Bank of Egypt (CBE) within…