banks
Banks increase interest rates to attract deposits
Business
November 6, 2011
Banks increase interest rates to attract deposits
Egyptian public and private banks are competing to raise the interest rates of certain services, which some experts consider an…
CIB: Banks have the right to question sources of donations
Egypt
November 1, 2011
CIB: Banks have the right to question sources of donations
Laws relating to the Central Bank of Egypt give financial entities working in the banking sector the right not to…
Switzerland promises to expedite return of frozen funds
Business
October 13, 2011
Switzerland promises to expedite return of frozen funds
The Swiss authorities have promised to expedite procedures for returning some SF770 million in frozen funds to Egypt, Tunisia and…
World intrigued by ‘Occupy Wall Street’ movement
World
October 11, 2011
World intrigued by ‘Occupy Wall Street’ movement
Tahrir Square in Cairo, Green Square in Tripoli, Syntagma Square in Athens and now Zuccotti Park in New York -…
Banking sources: Egypt to extend tenure of central bank chief
Business
October 9, 2011
Banking sources: Egypt to extend tenure of central bank chief
Egypt’s ruling Supreme Council of the Armed Forces (SCAF) is leaning toward extending the tenure of Central Bank of Egypt…
Government restructures boards of public banks
Business
September 20, 2011
Government restructures boards of public banks
Prime Minister Essam Sharaf has issued a resolution to restructure the boards of state-owned banks on 25 September 2011 for…
Central Bank official: No maximum wage for public banks’ leaders
Business
September 7, 2011
Central Bank official: No maximum wage for public banks’ leaders
A maximum wage for the leaderships of the Central Bank of Egypt (CBE) and the presidents of public banks has…
A new chance in Egypt for Islamic finance
Business
April 21, 2011
A new chance in Egypt for Islamic finance
Covered head-to-toe in a black abaya embroidered with red and yellow flowers, Amal Abbas waits for her turn to place…
Banks and stock exchange close for 2 days next week
Egypt
April 19, 2011
Banks and stock exchange close for 2 days next week
The Central Bank of Egypt has decided to suspend work at banks on 24 and 25 April for Easter and…
Bank employees stage sit-ins for better wages, reforms
Egypt
February 23, 2011
Bank employees stage sit-ins for better wages, reforms
Employees of a number of Egyptian banks held sit-ins Wednesday to call for better living and financial conditions and administrative…