A recent report by CNN Arabia has raised two questions: Has the Egyptian pound recovered? Has the …
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Banks news
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Banks
JPMorgan’s top quant strategist compares bitcoin to ‘pyramid scheme’
by Yomna Yasserby Yomna YasserJPMorgan’s top quant strategist supported his boss this week in bashing bitcoin, warning that the cryptocurrency is …
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Banks
Egypt’s central bank may obligate banks to classify loans, deposits by gender
by Yomna Yasserby Yomna YasserEgypt’s central bank is studying requiring banks to report the breakdown of their loan and deposit figures …
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Banks
AFI launches Arab region’s financial inclusion initiative in Sharm El-Sheikh
by Yomna Yasserby Yomna YasserGerman state development agency (GIZ), Arab Monetary Fund (AMF), and the Alliance for Financial Inclusion (AFI) have …
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Banks
Only 20% of Arabs have access to formal financial services: Jouahri
by Yomna Yasserby Yomna YasserOnly 20 percent of adults in the Arab world have access to formal financial services, said Abdellatif …
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Egypt’s President Abdel Fattah al-Sisi said on Thursday that his country seeks to lower its annual inflation …
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Egypt’s central bank has lowered its annual inflation target to 9 percent in 2019, assistant sub governor …
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Banks
Egypt’s central bank signs deal for economic empowerment for women
by Yomna Yasserby Yomna YasserEgypt’s central bank has signed on Wednesday a deal with the National Council for Women that calls …
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Banks
Banque Du Caire says raised $700 million since Egypt currency float
by Yomna Yasserby Yomna YasserBanque Du Caire, one of Egypt’s largest and oldest public lenders, says it has collected around $700 …
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Banks
European Investment Bank raised €8.2 billion for Egypt projects over 35 years
by Yomna Yasserby Yomna YasserThe European Investment Bank has provided financing for Egypt worth around €8.2 billion ($9.8 billion) for more …