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The CBE is (gently) throttling the consumer credit engine
The CBE has verbally instructed banks that they must now obtain prior approval before participating in any securitization transaction
Of app-ification, golden licenses, and Egyptian banks in Iraq
PLUS: Mansour Auto, China’s Deli Group get golden licenses
Foreign reserves increase to USD 50.2 bn in November
PLUS- El Garhy Investment and Development Group upped its stake in EGX-listed Arab Developers Holding
Net foreign assets continue to rise in October, reaching USD 22.7 bn
Commercial banks saw their net foreign assets’ surplus expanding to USD 10.9 bn in October, from USD 9.8 bn a…
US banks are in for USD 2.6 tn capital boost from upcoming reforms as global rivals fear growing irrelevance
Jefferies expects the reforms to lift US bank activity in capital markets through 2026
CBE to digitize financial identity
The CBE recently launched its Haweya platform, the first integrated national digital financial identity platform
South Africa’s Standard Bank opens Cairo office
The move aims to deepen trade and investment ties between North Africa, Sub-Saharan Africa, and the Middle East
Foreign reserves increase to USD 50.1 bn in October
PLUS- Arabia Developments and Elsewedy Industrial Development will set up a 2 mn square meter industrial zone in Sixth of…
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