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Banque du Caire to launch mobile and internet banking this year
Banque du Caire is planning to launch mobile and internet banking services some time this year, bank sources tell Al…
Banking
EgyptAir in talks with international banks for USD 800 mn loan
EgyptAir is in talks with international banks to borrow USD 800 mn for the purchase of new aircrafts to upgrade…
Raya’s Aman to launch operations in 2H2018
Raya Holding’s SME financing subsidiary Aman will launch operations in 2H2018 as soon as it receives licenses from the Financial…
CBE implements new QR code-based payments system
The central bank launched a QR code-based payment system to facilitate electronic payments, CBE Sub-Governor Lobna Helal said, according to…
Export Development Bank gets USD 10 mn loan to promote SME funding
The Export Development Bank of Egypt announced receiving a USD 10 mn loan from the Sanad Fund for micro, small…
IFC promotes cashless transactions, aims to boost financial inclusion in Egypt
The IFC discussed with banking sector representatives from Egypt “how banks can make use of new technologies that promote cashless…
Foreign currency trading on interbank system climbs to USD 14.5 bn, Amer says
Foreign currency trading on the interbank system domestically climbed to USD 14.5 bn since the EGP float in November 2016,…
FRA approves Samcrete's capital increase
The Financial Regulatory Authority (FRA) approved yesterday Samcrete’s request to increase its issued capital to EGP 230.46 mn from EGP…
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