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…
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Banks
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Egyptians have withdrawn around 9 billion Egyptian pounds ($567.4 million) from ATMs nationwide during the Eid…
Lebanon seeks $4b-$5b in loans for wheat, fuel, medicine
Lebanon is looking to secure $4 billion to $5 billion in soft loans from international donors to finance purchases…
CBE new board of directors to convene for first time Sunday
The Central Bank of Egypt's (CBE) new board of directors is expected to hold its first meeting after its formation…
