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Banque du Caire, Safi + Wataneya to debut before IMF reviews
Good afternoon, friends, we hope your week got off to a good start. The news cycle seems to be taking…
Cash withdrawal limits double and paper workflows are the order of the day for banks amid nationwide internet outage
ATM and online banking services are slowly returning to life in wake of Ramses data centre fire
Net foreign assets bounce back to record USD 14.7 bn in May
Commercial banks’ net foreign assets surge to highest level since February 2021
Societe General becomes first bank to launch USD-backed stablecoin
The USD CoinVertible will be tradable from July
Net foreign assets fall in April for the first time in four months
A rise in banking sector liabilities weighed on the net foreign assets position despite growing foreign assets
China could soon have some global banking giants of its own to match Wall Street
Chinese President Xi Jinping called for efforts to help create “a few top-ranked investment banks and investment entities”
Banque Misr, NBE trim interest rates on CDs
PLUS- LC Wakiki’s local agent Tema is planning to add 45 new stores to its branch network in Egypt
Canada’s Borna plans to set up USD 40 mn factory for decarbonization tech
PLUS- Banque Misr and the National Bank of Egypt could soon cut interest rates on CDs
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