|
Business
-
Economy
8/1/2023 5:14:55 PM
From 1-15 August, customers will be able to open fee-free accounts at Egyptian banks with no minimum deposit required, in light of the Central Bank of Egypt’s (CBE) celebration of International Youth Day on 12 August.
|
|
Business
-
Markets & Companies
7/30/2023 7:22:23 PM
Cairo-based financial services company Banknbox announced the opening of its $10 million regional headquarters in Egypt to provide an integrated platform of banking solutions, electronic payments, smart transportation tech, and digital government payment solutions, among others, according to a press release on Sunday.
|
|
World
-
Region
7/27/2023 11:37:10 AM
Dozens of people protested in front of the Central Bank of Iraq in Baghdad and bank owners called for official action to stem a sharp increase in the dollar exchange rate Wednesday, after the United States blacklisted 14 Iraqi banks.
|
|
Business
-
Markets & Companies
7/26/2023 5:13:00 PM
The giant Egyptian e-payment solutions provider Fawry said it is in talks with Saudi Payments, a subsidiary of the Saudi Central Bank, to secure licenses and certifications necessary for expansion in the Saudi market.
|
|
Business
-
Economy
7/16/2023 12:01:39 PM
The Central Bank of Egypt (CBE) announced on Sunday a four-day holiday to celebrate the Islamic (Hijri) New Year and the anniversary of the 23 July Revolution.
|
|
Al-Ahram Weekly
-
Opinion
7/15/2023 5:39:00 PM
Central banks worldwide use all kinds of policies to boost their currencies, with the Central Bank of Egypt being no exception.
|
|
Business
-
Economy
7/13/2023 3:28:15 PM
Foreign currency deposits at Egyptian banks have reached around $50 billion and they are safe, said the Federation of Egyptian Banks (FEB) in a statement on Wednesday.
|
|
Business
-
Economy
7/12/2023 9:09:22 PM
The Central Bank of Egypt (CBE) issued rules for licensing, registering, controlling, and supervising digital banks, according to an announcement on Wednesday.
|
|
Business
-
Economy
7/12/2023 4:01:15 PM
The Ministry of International Cooperation announced on Wednesday, that the European Bank for Reconstruction and Development (EBRD) provided $532.5 million in soft development financing to two Egyptian state-owned banks and an equity fund.
|
|
Business
-
Economy
7/10/2023 9:48:17 PM
A senior Federal Reserve official has proposed raising capital requirements for large and mid-sized US banks as part of a "comprehensive" series of measures to tighten banking regulation and supervision.
|
|
Business
-
Markets & Companies
7/5/2023 1:37:02 PM
Equity markets sank Wednesday as another round of data showed China's economy continued to struggle in June, with little hope that its leaders can unveil the blockbuster stimulus needed to kickstart growth.
|
|
Business
-
Economy
6/23/2023 1:29:06 PM
Equity markets sank Friday and oil extended a sharp selloff after a string of interest rate hikes by central banks revived worries about the global economy.
|
|
Business
-
Economy
6/22/2023 5:48:17 PM
A group of wealthy nations and multilateral development banks have promised to mobilise 2.5 billion euros to help Senegal reduce its dependence on fossil fuels, President Macky Sall said Thursday.
|
|
Business
-
Economy
6/21/2023 5:05:48 PM
Egyptian banks will be closed from 27 June to 3 July in celebration of Eid Al-Adha and the 30 June Revolution, according to a statement by the Central Bank of Egypt (CBE) on Wednesday.
|
|
Business
-
Economy
6/7/2023 6:55:45 PM
Gold prices declined by 0.9 percent in May in North American currencies, but increased by a range between 0.1 and 5.8 percent in other global currencies, including the sterling and the Yuan, according to a report by World Gold Council that was released on Wednesday.
|
|
Business
-
Economy
6/7/2023 12:45:51 PM
The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and higher interest rates weigh on growth, banks and markets.
|
|
Al-Ahram Weekly
-
Opinion
6/1/2023 12:18:00 AM
Why is it important to guarantee the independence of the world’s central banks and review their specific mandate, governance, and accountability asks Mahmoud Mohieldin.
|
|
Egypt
-
Society
5/30/2023 10:35:34 PM
Hajj costs have skyrocketed by more than 85 percent in the past year. This enticed a number of Egyptian banks to offer loans to those seeking to perform the religious duty. Enter controversy.
|
|
Business
-
Economy
5/21/2023 12:34:46 PM
The Central Bank of Egypt (CBE) has launched an initiative enabling banks to operate outdoors in all governorates across Egypt and open accounts without fees or minimum deposit, according to a press release on Sunday.
|
|
Business
-
Economy
5/17/2023 9:10:15 PM
Fitch Ratings downgraded on Wednesday four Egyptian banks' Long-Term Issuer Default Ratings (IDRs) to 'B' from 'B+' and Viability Ratings (VRs) to 'B' from 'B+', and maintained their outlooks as Negative.
|