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World
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Africa
5/14/2023 10:59:08 AM
Around 200,000 people have been displaced due to flash flooding in central Somalia, a regional official told AFP, as the Shabelle River burst its banks and submerged roads.
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Business
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Markets & Companies
5/9/2023 10:13:31 AM
Oil giant Saudi Aramco announced first-quarter net profit of $31.9 billion on Tuesday, down 19.25 percent from a year earlier after a drop in crude prices.
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Business
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Economy
5/2/2023 2:29:33 PM
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Business
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Tech
5/2/2023 2:04:42 PM
Mastercard has partnered with the Central Bank of Egypt (CBE) and the Egyptian Banks Company (EBC) to facilitate the implementation of the central bank's regulations for tokenisation and develop relevant infrastructure for banks operating in Egypt, according to a statement on Tuesday.
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Business
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Economy
5/1/2023 6:00:55 PM
Standard & Poor (S&P) Global Ratings has revised its outlooks on the National Bank of Egypt (NBE), Banque Misr, and Commercial International Bank (CIB) to negative from stable.
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Business
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Economy
4/27/2023 6:49:14 PM
The Central Bank of Egypt (CBE) announced on Thursday that banks operating in Egypt will be closed next Thursday 4 May to celebrate Labour Day.
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Business
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Economy
4/26/2023 5:08:05 PM
Central banks in the Middle East and Central Asia (MECA) region, including Egypt, may need to adopt tighter monetary policies in order to tackle surging inflation, according to the second chapter of the IMF Regional Economic Outlook May 2023 Report.
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Business
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Economy
4/25/2023 1:40:09 PM
In a sign fears about the global financial system have eased for now, major central banks are scaling back their offer of emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about wider troubles.
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Business
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Economy
4/14/2023 3:19:28 PM
Wall Street held steady in premarket trading Friday as some of the nation's biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation.
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Business
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Economy
4/13/2023 10:22:37 PM
The Central Bank of Egypt (CBE) has announced that banks operating in Egypt will be closed from Thursday to Tuesday, 20-25 April, to celebrate the blessed Eid Al-Fitr and Sinai Liberation Day.
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Business
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Economy
4/9/2023 11:03:03 PM
The Central Bank of Egypt (CBE) has announced that banks operating in Egypt will be closed on Sunday and Monday, 16-17 April, to mark the Christian holiday of Easter and the Egyptian spring festival of Sham El-Nessim.
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Business
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Markets & Companies
4/9/2023 10:29:34 PM
Egypt’s Commercial International Bank (CIB) has opened its first branch in Nairobi, Kenya on Sunday, following its successful acquisition of Kenyan “Mayfair” Bank in January.
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Business
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Economy
4/5/2023 2:10:37 PM
A group of Egyptian banks have issued high-yield certificates of deposit (CDs), following the lead of the National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), and Qatar National Bank (QNB).
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Business
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Economy
4/5/2023 2:10:17 PM
Proceeds of the high-yield certificates of deposit (CDs) of the National Bank of Egypt (NBE) and Banque Misr have reached EGP 109 billion since their issuance on Sunday, read the statements of the two state-owned banks.
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Business
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Energy
4/5/2023 12:00:00 AM
The Red Sea Wind Energy Consortium has signed a financial close agreement with a group of international banks for the second 500-megawatt Gulf of Suez Wind Farm near Ras Ghareb, with investments totaling $680 million, according to a Cabinet statement released on Wednesday.
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Business
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Economy
4/4/2023 3:34:44 PM
Qatar National Bank (QNB) and Commercial International Bank (CIB) have issued new certificates of deposit (CDs), following the lead of two major banks in Egypt.
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Business
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Economy
4/3/2023 1:08:00 PM
The National Bank of Egypt (NBE) and Banque Misr have collected EGP 67 billion ($2.16 billion) in proceeds from two new high-yield certificates of deposit (CDs) in the 24 hours following issuance, the two banks announced.
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Business
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Economy
4/2/2023 11:00:17 AM
The National Bank of Egypt (NBE) and Banque Misr have recently issued two new certificates of deposit (CDs) with fixed yields of 19% and a decreasing yield of 22%. In a joint statement, the central banks announced the issuance of a CD with a 19% annual yield over three years.
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World
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Region
3/31/2023 5:04:36 PM
MTS Bank - a Russian bank - hit by US sanctions will be forced to cease operations in Abu Dhabi, the United Arab Emirates central bank said Friday.
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Business
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Economy
3/31/2023 12:09:59 AM
The National Bank of Egypt (NBE) has denied reports that it or any other banks operating in Egypt have issued a new savings certificate with a high return of up to 25%-30% in return for giving up foreign currency.
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