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…
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No Agreement Between IMF and Egypt – IMF Official
The International Monetary Fund does not yet have an agreement with Egypt on providing financial support to the…
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…
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…
Egypt C.Bank to Offer US$40 Mln at Today FX Auction
The Central Bank of Egypt (CBE) will be offering on Wednesday US$ 40 million to the local banks at its 73th foreign…
Hong Kong Bank System Outlook Cut by Moody’s on China Risk
The outlook for Hong Kong’s banking system was lowered to negative from stable at Moody’s Investors Service Inc. on…
Egypt Banks Announces July 1st Official Holiday On New FY
Banks in Egypt will be closed on 1 July due to end of 2012/13 fiscal year. Egypt’s banks and stock exchange…