Fitch Downgrades CIB, NBE To ‘B’; Outlook Negative
Fitch Ratings has downgraded the Long-term foreign currency Issuer Default Ratings (IDR) of National Bank of Egypt…
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Egypt’s Central Bank Agrees To Sell Both BNP Paribas And NSGB
An official involved in the BNP Paribas deal stated that the CBE had agreed in a meeting with its Board of…
Gulf Banks Replace Europeans As Middle East Buyers, S&P Says
Gulf banks will remain big buyers of financial assets in the Middle East and North Africa, attracted by lower…
UK Authorities Probe Barclays Over Qatar Loan: FT
British authorities are looking into an allegation that Barclays loaned Qatar money to invest in the bank as part…
Fitch Cuts Egypt’s Long-Term Foreign Currency Issuer Default Rating
Fitch Ratings has downgraded Egypt's Long-term foreign and local currency Issuer Default Ratings (IDRs) to 'B' from…
Egypt’s Central Bank Shuts Down 7 Forex Firms On Regulation Violation
Egypt’s Central Bank has shut down 7 foreign exchange firms due to violating the bank’s regulations on the…
Egypt Central Bank Will Retain ‘Total Independence”; Newly-Appointed Governor
Egypt’s newly-appointed central bank governor Hisham Ramez said in an exclusive interview with Al Arabiya that the…
QNB Sees Egyptian Central Bank’s Approval For SocGen Takeover In Two Weeks
Qatar National Bank, the Gulf state's largest lender by market value, said on Wednesday it hopes to complete the…
Egypt’s New Central Bank Chief Says Not Worried About Currency
Egypt's newly named central bank chief sought to reassure investors on Thursday there was no need to be worried…
Egypt Names A New Central Bank Governor Amid An Economic Crunch
Egypt’s president on Thursday named a new head for the country’s central bank, after the resignation of the…