CIB seizes lion’s share of credit card portfolio in Egypt
The Commercial International Bank (CIB) seized lion's share of Credit Card in Egypt's banking market after…
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Egypt’s Industrial Development Bank partners MasterCard for first credit card
The Industrial Development Bank of Egypt is to launch its first credit card in cooperation with MasterCard next…
Egypt’s National Bank approves lending food maker Edita $12.7mn
The National Bank of Egypt has approved to provide a credit facility worth 100 million Egyptian pounds (US$12.7…
U.S. retailers push banks to use PINs on credit cards as confusion reigns
Some big U.S. retailers are stepping up efforts to use personal identification numbers, or PINs, with new credit…
Moody’s maintains U.S. credit rating and stable outlook
Ratings agency Moody's Investors Service upheld the United States' triple-A credit rating and stable outlook on…
International ratings agencies elevate Egypt’s rating in 1 year
Following consecutive downgrades of Egypt’s credit rating by international ratings agencies, an upward trend has…
Moody’s: China advances exchange rate reform, a credit positive
China's new forex rate formation mechanism is credit positive as it will increase currency flexibility and support…
Moody’s downgrades Greek bond rating on default risk
Credit rating agency Moody's Investors Service Thursday downgraded Greece's government bond rating to 'Caa3' from…
Banque Du Caire’s Credit Portfolio Hits EGP 11.7 Bln
Banque Du Caire’s portfolio of loans and credit facilities (including corporate and SME finances) reached EGP 11.7…
Euro Rises, But Don’t Credit The EU Summit
Anyone who has followed the nearly three-year-old debt crisis is familiar with the pattern: The euro—and financial…
