Egypt’s foreign currency gap shrinks to $400 million in July – c.bank official
The Central Bank of Egypt (CBE) announced on Saturday that Egypt's foreign currency gap narrowed to $400 million…
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Gamal Negm
Standard Chartered to open first branch in Egypt next Sept.– c.bank official
Britain’s Standard Chartered Bank will open its first branch in Egypt by next September at maximum, Egyptian…
Egypt will issue plastic currency starting with LE 10 notes
The Central Bank of Egypt said the country will start issuing plastic currency, starting with the LE 10 ($0.64)…
International banks send requests to open branches in Egypt: Negm
Number of international banks have showed interest to obtain new licences to open branches in the Egyptian market,…
Egypt central bank says no intention to pass bitcoin trading legislation
Egypt’s central bank said Wednesday it has no intention of issuing legislation or passing a special law that allows…
NBE bank earmarks 300m Egyptian pounds for scientific research, scholarships
Egypt’s biggest lender, the state-owned National Bank of Egypt has signed Thursday a cooperation protocol to put…
Egypt central bank not considering bitcoin adoption
Egypt’s central bank is not considering allowing banks to deal with bitcoins, the Central Bank of Egypt (CBE) said…
Egypt banks commit 3 bln pounds to CSR projects: official
Banks in Egypt have contributed around 3 billion Egyptian pounds ($165.8 million) to corporate social…
Egyptian central bank to launch a microfinance initiative next Tuesday
Egypt’s central bank will launch its anticipated microfinance initiative next Tuesday, a step that follows recent…
Egypt’s CBE obliges banks to not deal with over 7 exchange bureaus
The Central Bank of Egypt (CBE) issued directives to banks operating in the Egyptian market to not deal with more…
Egypt’s central bank to launch microfinance initiative before May-end: official
Egypt’s central bank is preparing the ground to launch a new initiative dedicated for the microfinance sector…
Egyptian banks raised 101 billion pounds for SMEs – cbank official
Egyptian banks have raised 101 billion Egyptian pounds ($5.6 billion) in finances for around 37,000 small and…
Key banking leaders gather for burial of Egyptian CEO of ADIB
The body of Egyptian top banker Nevine Lotfy, chief executive of Abu Dhabi Islamic Bank-Egypt (ADIB), was laid to…
Egypt’s CBE closed 53 forex bureaus since beginning of year
A total of 53 foreign exchange bureaus have been closed since the start of the year, deputy governor at the…
CBE Deputy Governor explains dollar cap increase to reguators
Deputy Governor of the Central Bank of Egypt (CBE) Gamal Negm met with officers from banking operations and…
Egypt’s central bank names two deputy governors
Egypt's central bank has named two deputy central bank governors in a board reshuffle, it said in a statement…
French Development Agency signs €70mn Egypt Loan for Home Gas Delivery
Egypt and the French Development Agency (AFD) have signed a €70 million loan agreement for a project aimed to…
CBE Rebuts Receiving Requests for Islamic Banking Licences
Egypt’s Central Bank has not received any recent requests from local banks for a licence to provide…
Egypt C.bank Launches New Initiative to Boost SMEs Next April
Egypt’s central bank is due to launch a new initiative to enhance the SMEs sector within next month, said the…
Egypt’s Premier Orders SFD’s Board Restructure
Egypt’s newly appointed Prime Minister Eng. Ibrahim Mehleb issued a decree on Tuesday to restructure the Social…
National Bank of Oman Notifies Central Bank of Egyptian Market Exit Plans
Hisham Ramez, Governor of Central Bank of Egypt (CBE), asserted on Thursday that the CBE safeguards the rights of…
CBE Urges Egypt Banks to Keep Extra Cash in Run-Up to 30 June Rallies
In advance of upcoming 30 June anti-govt rallies, Central Bank of Egypt (CBE) tells local banks to keep extra cash…
Arab International Bank’s Deposits Drop 44.5% In 2012
The Arab International Bank’s (AIB) deposits fell US$ 735.8 million (44.5%) to reach US$ 1.650 billion at the end…
Egypt’s Central Bank Forms 2 Committees To Study Applying FATCA
The Central Bank of Egypt (CBE) has decided to form two committees to study the application of Foreign Account Tax…
Egypt’s Central Bank Meets With Banks’ Chairmen To Discuss FATCA Law
The Central Bank of Egypt (CBE) has started its meeting with chairmen of banks and officials of compliance…
New Committee Formed To Adopt FATCA, includes Egypt Central Bank, FSA
Gamal Negm, Deputy Governor of the Central Bank of Egypt (CBE), announced the formation of a new committee –…
Annual Arab Banking Conference 2013 Kicks Off In Hurghada
The Union Of Arab Banks’ Annual Arab Banking Conference 2013 has kicked off Thursday morning in Hurghada in…
CBE Suspends Granting New Islamic Banking Licenses In 2013
The Central Bank of Egypt (CBE) will not grant Islamic banking licenses in the meantime amid the low growth rates…
CBE Receives No Official Offers For Acquisition Of Banks
The Central Bank of Egypt (CBE) has not received any official offers for acquiring any bank in Egypt including…
Egypt’s Govt. Banks Apply Basel II Standards By Next June
All local banks in Egypt will apply Basel II standards before the end of next June, said Gamal Negm, sub-governor…
CBE Stressed On Not Giving More Islamic Banking Licenses
Gamal Negm, deputy governor of Central Bank of Egypt (CBE), negated what was published in some newspapers that CBE…
Ben Youssef: Gamal Negm To Follow Hisham Ramez As Non-Executive Manager For AIB
Mohammed Ben Youssef, General Director of the Libyan Foreign Bank & Board Member of Arab International Bank,…