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Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be renewed under the same existing terms
Mashreq launches non-resident accounts for Egyptians in the UAE, with quick-remit rail
The Central Bank of Egypt has allowed Mashreq to use its KYC protocols in the UAE for non-resident accounts
The end of easy credit as banks stress test for a weaker EGP
“In times of crisis, the strength of a bank is not measured by its capacity to lend, but by its…
CIB CEO Hisham Ezz Al Arab on why Egypt is ready to welcome digital-native banks
“Egypt is at the brink of an inflection point with regulatory momentum, demographic tailwinds, and consumer behavior aligning to drive…
Banks set for acquisition rush as CBE scraps 40% ownership cap for financial companies
The CBE will by extension see its oversight of these companies increase as banks increase their stakes
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens Israel’s second-largest airline Arkia Airlines is moving its operations to…
Egypt continues to issue LCs as usual
LCs continue to be processed — albeit after closer inspection to verify documentation
Fitch Ratings says Egyptian banks are well armed to weather Iran conflict fallout
Banks entered the current crisis in a much stronger position than during the early stages of the Russian invasion of…
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