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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
Net foreign assets in Egypt’s banking sector see uptick
Good afternoon, friends. It’s another calm day as far as the news cycle is concerned, and we’ve got a brisk…
Most analysts see the CBE holding rates this week- EnterpriseAM poll
Five of the analysts we spoke to see the MPC keeping rates unchanged this week, while three see the committee…
Israel presses pause on Egypt gas exports following US strikes on Iran. PLUS: Yacht tourism initiative, GE Healthcare + Al Safi Group
Israel had only just resumed gas exports on Thursday after a six-day pause
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
NBE, AAIB, Banque Misr receive approval from CBE to expand regionally
The banks are set to expand in countries like Saudi Arabia, Kuwait, the UAE, Qatar, and Jordan
CBE cuts rates for second time amid easing inflationary pressures
The move marks the bank’s second rate cut since November 2020
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