banking sector

Egypt expected to raise interest rates as well soon: expert
Business

Egypt expected to raise interest rates as well soon: expert

The US Federal Reserve’s decision to raise interest rates was expected, Mohamed Kamal, an expert in the financial sector, said,…
Banking sector Eid Al-Fitr holiday extends for 8 days
Egypt

Banking sector Eid Al-Fitr holiday extends for 8 days

The Central Bank of Egypt issued a statement stating the date of the banks ‘s holiday on Eid Al-Fitr and…
CAPMAS announces 22.3% increase in bank deposits during 2020/2021
Business

CAPMAS announces 22.3% increase in bank deposits during 2020/2021

The Central Agency for Public Mobilization and Statistics announced that bank deposit balances in 2020/2021 were LE5,731.5 billion, an increase…
CBE announces bank vacation for Eastern Christmas
Egypt

CBE announces bank vacation for Eastern Christmas

The Central Bank of Egypt (CBE) has suspended work in all banks operating in Egypt on Thursday on the occasion…
Egyptian banks announce working hours during Ramadan
Egypt

Egyptian banks announce working hours during Ramadan

Banks at the Egyptian local market have concluded their preparations for Ramadan. The pressure doubles during Ramadan compared to the…
Egypt’s banking sector tops Arab region in increasing deposits
Business

Egypt’s banking sector tops Arab region in increasing deposits

The Egyptian banking sector ranked first among all Arab banking sectors in increasing the volume of deposits until the end…
CBE extends exemptions on fees and commissions due to coronavirus surge
Business

CBE extends exemptions on fees and commissions due to coronavirus surge

The Central Bank of Egypt’s Board of Directors on Monday has chosen to extend several decisions taken to confront repercussions…
Billionaire Saudi banking tycoon dead at 79, family says
Middle East

Billionaire Saudi banking tycoon dead at 79, family says

RIYADH, Saudi Arabia (AP) — Billionaire Saudi businessman Saleh Abdullah Kamel, who founded the banking and real estate conglomerate Dallah…
Egypt’s Central Bank to ease cash withdrawal limits during Ramadan
Economy

Egypt’s Central Bank to ease cash withdrawal limits during Ramadan

Chairman of the Federation of Egyptian Banks (FEB) and President of Banque Misr Mohamed al-Etriby said on Wednesday that the…
US dollar exchange rate stabilizes in Egyptian banks
Economy

US dollar exchange rate stabilizes in Egyptian banks

The exchange rate of the US dollar against the Egyptian pound stabilized on Monday in Egyptian banks, compared with Sunday’s…
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