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Business
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Economy
8/17/2023 5:48:23 PM
The Egyptian state-owned company E-Finance For Digital and Financial Investments is studying launching a digital bank, the company's chairman Ibrahim Sarhan announced in a bourse statement on Tuesday.
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Business
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Markets & Companies
8/14/2023 1:41:47 AM
Fawry, Egypt's leading e-payment solutions provider, announced a plan to turn its online payment portal myFawry into a digital bank in 2023, according to a bourse statement on Sunday.
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World
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Region
8/12/2023 10:13:06 AM
The United States and Iran reached a tentative agreement this week that will eventually see five detained Americans in Iran and an unknown number of Iranians imprisoned in the US released from custody after billions of dollars in frozen Iranian assets are transferred from banks in South Korea to Qatar.
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Business
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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.
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Business
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Economy
8/1/2023 6:48:00 PM
The deficit in Egypt's net foreign assets surged by over 125 percent on a yearly basis in June, according to data released by the Central Bank of Egypt (CBE) on Tuesday.
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World
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Region
8/1/2023 5:44:38 PM
Iran on Tuesday declared a two-day holiday for government workers and banks nationwide as searing temperatures sweep across the country, state media reported.
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Business
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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.
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Business
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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.
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World
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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.
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Business
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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.
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Business
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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.
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Al-Ahram Weekly
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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