Bank News
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Egypt’s PM Reviews with World Bank Industry Development Strategy
the national industrial development strategy is being prepared in cooperation and benefit from the expertise of international partners.
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EGP to witness its 4th depreciation against USD by June: Fitch Solutions
Fitch Solutions said that the fourth Egyptian pound devaluation will occur in the context of progress on the divestment strategy Egypt is enacting.
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CBE Updates Licensing, Control Rules for Currency Exchange Companies
This comes in line with developments in the work of the exchange companies sector, supporting their performance and enhancing efficiency.
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Four banks offer highest return on dollar savings certificates in Egypt
US dollar savings certificates for 2023 are available with different returns and various purchase limits starting from $100 per certificate.
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Scenarios for CBE decision on interest rate in Egypt
Many citizens and investors are awaiting the Central Bank of Egypt’s meeting, next central bank meeting is scheduled on May 18.
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The World Bank’s new strategic partnership with Egypt through 2027
The World Bank (WB) is among the international partners that Egypt relies on to bridge its $17 billion financing gap through FY2025/26.
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Egypt’s authorities debunk rumors of forged LE100 banknote
Egyptian security services debunked rumors circulating on Facebook warning citizens against a counterfeit LE100 banknote in the markets..
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2023-2027 Country Partnership Framework bet. Egypt, World Bank endorsed Sunday
The new CPF was prepared through joint work and continuous discussions with all relevant parties from the national authorities.
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Egypt: aiBANK records $56.1mln revenues in 2022
As part of the reform and development restructuring, the bank has developed a clear strategy to invest in the human element.
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Is my money safe? What you need to know about bank failures
Recent turmoil in the banking industry may have you worried about your money.
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CBE, EBC, MasterCard cooperate to implement rules governing e-payment
The tokenization technology replaces private customer data such as the payment card account number with a token.
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Egypt hosts World Bank's IFC summit to enhance women’s economic participation in MENA
Egypt hosted on Wednesday the International Finance Corporation's (IFC) summit on Law and Gender Conference.
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aiBANK Records Revenues worth 1.7bln During 2022
The bank has developed a clear strategy to invest in the human element through continuous human capital development.
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Egypt’s current account deficit sees 77.2% drop
During most of 2022, import restrictions were in place to tackle the North African country's current account shortfall.
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IMF Says Egypt Is Serious About Applying Flexible Exchange Rate
Egypt agreed a $3 billion program from the IMF last year, but billions of dollars in extra financing expected to come.
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Egypt’s NFAs deficit climbs by 7.3 percent in March says CBE
Total foreign assets in Egypt declined to LE 1.439 trillion ($46.5 billion) in March 2023 from LE 1.476 trillion ($47.7 billion) in February 2023.
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Mastercard teams up with Egypt’s CBE, EBC to develop tokenisation in local market
Tokenisation allows for seamless and secure digital transactions for millions of Egyptians, by replacing sensitive customer data with unique ids.
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S&P downgrades outlooks on 3 Egyptian banks to negative
This follows the agency’s revision of its outlook for Egypt from stable to negative on April 21st.
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Arab Bank Group profits grow by 30% to $216mln for the first quarter of 2023
The Group maintained its strong capital base with a total equity of $10.4 billion.
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Top10 banks in Egypt
Egypt's banking sector is a diverse mix of state-owned, private, and international institutions.