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" Banking sector"

60 results

Business - Economy
1/31/2024 3:27:59 PM
Standard Chartered Egypt CEO Mohammed Gad revealed exclusively to Ahram Online (AO) the bank’s plans for the Egyptian market and how it perceives Egypt’s economic climate in general and the banking sector system in particular.

Business - Economy
1/9/2024 6:01:30 PM
The Central Bank of Egypt (CBE) has instructed all banks operating in the country to apply a minimum interest rate of 24 percent on loans, sources in the banking sector revealed to Ahram Online.

Business - Energy
9/24/2023 1:21:40 PM
Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing the 2030 Sustainable Development Agenda, has underscored the imperative for banks to take a more substantial role in driving the transition to green economies through investments in climate projects.

Business - Economy
8/3/2023 7:07:05 PM
Banks from four Arab countries are interested in investing in Lebanon’s struggling banking sector, which was hard-hit by the small nation’s three-year economic meltdown, a top Arab banker said Thursday.

Business - Economy
7/30/2023 4:06:53 PM
The Arab Monetary Fund (AMF) has lent Egypt $615.8 million to support a reform programme in the country's financial and banking sector, according to a statement by the AMF on Sunday.

Business - Markets & Companies
3/30/2023 11:37:44 AM
Asian and European markets mostly rose Thursday following a recent run-up, with banking sector worries easing and traders weighing central banks' interest rate plans in the wake of the recent turmoil.

Business - Markets & Companies
3/27/2023 11:12:00 AM
European markets rebounded on Monday while Asian stocks were mixed at the start of what could be another rocky week for global markets thanks to lingering uncertainty about the banking sector.

Business - Economy
3/26/2023 6:00:56 PM
International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector.

Business - Markets & Companies
3/23/2023 2:21:47 PM
Europe's stock markets opened lower Thursday before interest rate calls in Britain, Norway and Switzerland, after the US Federal Reserve hiked borrowing costs despite banking-sector turmoil.

Business - Economy
3/22/2023 9:21:09 PM
The US Federal Reserve raised its key rate by another quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to balance between curbing high inflation and averting further upheaval in the commercial banking sector.

Business - Economy
3/21/2023 2:23:31 PM
The US banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen will tell a summit Tuesday, according to prepared remarks.

Business - Economy
3/16/2023 9:56:08 PM
Saudi finance officials on Thursday downplayed risks to the global banking sector after days of market turmoil fuelled by the implosion of two tech industry lenders and pressures on Credit Suisse.

Business - Markets & Companies
3/14/2023 12:57:06 PM
Asian markets sank Tuesday, with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders.

Business - Economy
12/22/2022 2:44:56 PM
Egyptian Banking Institute (EBI), the official training arm of the Central Bank of Egypt, announced on Wednesday the launch of its online platform “Financial Literacy Hub” during a ceremony held in the presence of the heads of the financial inclusion and social responsibility departments in the Egyptian Banking sector.

Business - Markets & Companies
6/28/2022 9:04:00 PM
AMAN Group, one of the leading FinTech companies in the Egyptian market focusing on non-banking services, raised its capital by EGP 240 million in 2022 to reach EGP 615 million in order to meet its expansion plans in the Egyptian market through current and new extended services, CEO of AMAN Financial Services Hazem Moghazy told Ahram Online.

Business - Economy
5/8/2022 10:08:44 PM
After a nine-day holiday due to Eid El-Fitr and Labour Day celebrations, Egypt’s banking sector resumed work on Sunday amid calm as the Egyptian pound remained stable despite the US Federal Reserves' recent decision to raise interest rates.

Business - Markets & Companies
9/13/2021 4:34:31 PM
In September 2020, Goldman Sachs said that it expects Egypt s hard currency inflows will increase and that the Egyptian pound will maintain its stability

Egypt - Politics
7/31/2021 8:31:42 PM
The aim is to strengthen the state’s efforts to face various challenges and the Central Bank’s ability to finance various development initiatives, a presidential statement read

Egypt - Politics
3/23/2021 10:49:32 AM
Egypt has obtained 650.000 doses of the vaccines and is seeking to expand its vaccination rollout to include workers in tourism and banking sector to guarantee stability in the economic sector

World - Region
3/1/2021 9:39:28 PM
Lebanon is in the grips of its worst financial crunch since the 1975-1990 civil war

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