Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Logistics (MENA) 
Amr El Ganainy named deputy CEO and managing director at CIB
El Ganainy previously headed up CIB’s institutional banking division
CBE curbs credit card use amid FX crunch
News reports say that credit card users will only be able spend USD 250 of FX a month while in…
Four banks could receive EBRD loans to fund SMEs, green projects
The financing could be made available before the end of the year, according to a senior figure at the EBRD
Elsewedy and Al Kharafi grab electricity transformer station contracts
The government has EGP 7 bn project to establish nine transformer stations in partnership with the private sector
It was expected: Moody’s downgrades credit rating of five local banks
The move follows the agency’s decision to downgrade Egypt’s sovereign credit rating to Caa1 last week
Egyptian telecom providers suspend e-wallet FX payments
Four of Egypt’s largest banks are among those who have stopped use of EGP debit cards abroad this week
What do companies want from their banks?
Businesses want banks to take on more risk and offer more diverse products in challenging times
More banks have stopped the use of EGP debit cards outside the country
The National Bank of Egypt, Banque Misr, Emirates NBD, and National Bank of Kuwait have joined the growing list of…
Something went wrong. Please refresh the page and/or try again.