banking sector
Egypt expected to raise interest rates as well soon: expert
Business
May 5, 2022
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
April 21, 2022
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
February 20, 2022
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
January 4, 2022
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
April 12, 2021
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
February 3, 2021
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
December 29, 2020
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
May 19, 2020
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
April 22, 2020
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
April 20, 2020
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…