banking Archives

Egypt’s cabinet approves new Banking and Central Bank Act

LEGISLATION WATCH- Cabinet greenlights Banking Act: The Madbouly Cabinet has approved in its weekly meeting a 242-article final draft of…

SAIB Bank is in talks with a number of unnamed local banks to arrange a EGP 1 bn syndicated loan…

Banque Misr has signed on to join 130 banks worldwide to begin implementing the Principles of Responsible Banking launched under…

Fitch Ratings has affirmed the long-term issuer default rating for Credit Agricole Egypt (CAE) at 'AA+’ with a ‘stable outlook,’…

Cheese producer Domty has signed a medium-term, EGP 100 mn loan with the CIB to fund future expansion plans, including…

Orascom Construction signed an agreement with the Housing & Development Bank (HDB) on Sunday to construct the bank’s headquarters in…

Is the dominance of the greenback under threat as digital currencies look to transform global financial system? A fundamental transformation…

The National Bank of Egypt (NBE) aims to arrange a EGP 1 bn joint loan for the Saudi Egyptian Company…