banking
UAE asks banks to freeze Qatar-linked accounts
Middle East
July 27, 2017
UAE asks banks to freeze Qatar-linked accounts
The United Arab Emirates’ central bank has asked all banks and financial institutions to stop dealing with 18 individuals and…
Forbes lists CBE Deputy Governor Lobna Helal as 2nd most powerful Arab businesswoman
Business
July 24, 2017
Forbes lists CBE Deputy Governor Lobna Helal as 2nd most powerful Arab businesswoman
Forbes Middle East ranked Egypt’s Deputy Central Bank Governor Lobna Helal, as the second most powerful Arab businesswomen. “Helal is…
Barclays sells Egyptian business to Morocco’s Attijariwafa Bank
Business
October 5, 2016
Barclays sells Egyptian business to Morocco’s Attijariwafa Bank
Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing…
As FX shortage bites, Egypt’s CIB limits use of bank cards abroad
Egypt
July 27, 2016
As FX shortage bites, Egypt’s CIB limits use of bank cards abroad
Egypt's largest listed bank, Commercial International Bank (CIB), told customers on Wednesday it was reducing the amount of foreign currency…
Barclays begins Egypt sale process, at least two interested
Business
July 22, 2016
Barclays begins Egypt sale process, at least two interested
Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East…
Bank of England eases rules for banks to meet Brexit challenge
Business
July 5, 2016
Bank of England eases rules for banks to meet Brexit challenge
The Bank of England took steps on Tuesday to ensure British banks keep lending and insurers do not dump corporate…
Egypt bans use of debit cards abroad amid hard-currency shortage
Business
June 30, 2016
Egypt bans use of debit cards abroad amid hard-currency shortage
Egypt has ordered banks to prevent customers from using debit cards based on their Egyptian pound accounts when they go…
Egypt raises interest rates by 100 basis points, to highest level in years
Business
June 17, 2016
Egypt raises interest rates by 100 basis points, to highest level in years
Egypt's central bank raised its key interest rates by 100 basis points on Thursday to their highest levels in years,…
Egyptian court ruling allows CI Capital deal with Beltone
Business
April 21, 2016
Egyptian court ruling allows CI Capital deal with Beltone
A Cairo Court ruled in favour of Commercial International Bank (CIB) on Wednesday, pushing through the sale of shares in…
US banks’ dismal first quarter may spell trouble for 2016
Business
April 11, 2016
US banks’ dismal first quarter may spell trouble for 2016
It is only April, but some on Wall Street are already predicting a rotten 2016 for US banks.Analysts say it…