Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Logistics (MENA) 
Banque Misr + NBE are back with another round of USD certificates to draw more FX into the banking system
The state banks will begin offering two three-year certificates offering 7% and 9% annual rates from today
CIB net income more than doubles in 2Q 2023
The bank’s net interest income climbed 86% y-o-y to more than EGP 13 bn
Global banks are pricing in a soft landing as greenback weakens
But corporate defaults are expected to rise as high rates bite
Foreign investors are interested in Banque Misr’s digital bank
The bank has applied for a digital banking license following the new regs that were published last week
e-Finance mulls digital bank license. PLUS: Canada to provide CAD 10 mn loan to bolster Egypt’s food security
The central bank last week issued updated licensing rules for digital banks
Fawry plans to expand to Saudi Arabia + eyes digital banking license
Fawry is in talks with the Saudi central bank to acquire a license
Rate hikes fuel profit surge among big US banks
PLUS: Oil market shows signs of tightening as Brent price passes USD 80
Slowing US inflation is bringing the greenback back down to earth
And that could be good news for emerging markets
Something went wrong. Please refresh the page and/or try again.