Egypt banks

Moody’s changes rating for 5 Egyptian banks
Business

Moody’s changes rating for 5 Egyptian banks

Credit rating agency Moody’s announced on Tuesday that it has changed the ratings and estimates of five internationally ranked Egyptian…
Egypt authorities return fees on withdrawal and balance inquiry via ATM from July 1
Business

Egypt authorities return fees on withdrawal and balance inquiry via ATM from July 1

Local banks are preparing to notify their customers with the approaching end of an initiative cancelling fees on withdrawal and…
Rise in US dollar exchange rate due to increasing demand
Economy

Rise in US dollar exchange rate due to increasing demand

The exchange rate of the US dollar rose in banks operating in Egypt on Monday, driven by an increased demand for…
Dollar exchange rate sees slight increase on Sunday
Business

Dollar exchange rate sees slight increase on Sunday

US dollar prices against the Egyptian pound increased in several Egyptian banks on Sunday. According to the latest price updates,…
Billionaire Naguib Sawiris says dreams of owning bank in Egypt
Business

Billionaire Naguib Sawiris says dreams of owning bank in Egypt

Egyptian billionaire businessman Naguib Sawiris said Tuesday that he wants to open a private bank in Egypt. “If the Governor of…
USD bank exchange rate below LE18, stable
Economy

USD bank exchange rate below LE18, stable

The USD exchange rate on Thursday is stable in Egyptian banks, according to local bankers. The US dollar is being…
US dollar exchange rate increased on Thursday
Economy

US dollar exchange rate increased on Thursday

The US dollar exchange rate witnessed a relative increase on Thursday compared to the Egyptian pound in most of Egypt’s…
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