Egypt’s central bank issues $1.35bln T-bills
The Central Bank of Egypt (CBE) offered new treasury bills (T-bills) worth 42 billion Egyptian pounds in two…
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Saudi’s SAB records $882.3 mln profits in H1
Saudi Awwal Bank (SAB) recorded a 58.87 percent increase in net profit to 3.31 billion Saudi riyals during the…
Al Baraka bank earnings increase by 20.6% in Q1 of 2023
Al Baraka Bank-Egypt announced on Monday that it has witnessed an increase in its net earnings by 20.6 percent…
Bank of America opens branch in Luxembourg
Bank of America (BofA) has opened a new branch in Luxembourg on Tuesday, as the bank works on expanding its…
ABK-Egypt employee wins Gold Medal Champion at National Para-Taekwondo Tournament
Al Ahli Bank of Kuwait – Egypt (ABK – Egypt) announced on Wednesday that its employee Abdul Rahman Mahmoud has win…
First Republic Bank to lay off 25% of staff
First Republic Bank is planning a staff layoff of 25 percent, following the recent turmoil in the banking sector,…
US banks save up reserves after First Republic Bank rescue
JPMorgan Chase and Co, Wells Fargo & Co, Citigroup Inc and Bank of America are setting $100 million each in Q1…
National Bank of Egypt aims for 30% growth in 2023
Egypt’s largest state-run lender, National Bank of Egypt (NBE) is aiming for growth of 30 percent in 2023, its vice…
World Bank keeps Egypt’s real GDP growth at 5.5% in 2021/2022
The World Bank (WB) decided to maintain Egypt’s real GDP growth at 5.5 percent for the financial year 2021/2022,…
Central bank says Egyptians withdrew EGP 9 billion from ATMs during Eid
Egyptians have withdrawn around 9 billion Egyptian pounds ($567.4 million) from ATMs nationwide during the Eid…