Egypt’s Prime Minister has appointed Hossam Ahmed Al-Jarahi as deputy chairman of the board of directors for …
Egyptian banking sector
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Egypt’s domestic liquidity hits EGP 9.124t in Feb.
by Nada Aliby Nada AliThe Egyptian banking sector witnessed a surge in local liquidity, reaching 9.124 trillion Egyptian pounds in February …
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Intesa Sanpaolo in talks with Egypt gov’t to buy remaining 20% stake in ALEXBANK
by Nada Aliby Nada AliIntesa Sanpaolo Group, the leading European bank and owner of 80 percent stake in AlexBank in Egypt, …
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Banque du Caire launches central security unit
by Sama Mousaby Sama MousaBanque du Caire launched a central security control unit to monitor operations at its branches, said an …
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CBE eases banking access for illiterate, elderly
by Sama Mousaby Sama MousaThe Central Bank of Egypt (CBE) introduced new facilities on Tuesday to help illiterate and elderly customers …
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Egypt is eyeing selling a stake in Banque Misr to a strategic investor in 2024, the bank’s …
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Arab Investment Bank, Visa team up to boost e-payments in Egypt
by Nada Aliby Nada AliEFG Holding’s Arab Investment Bank (aiBANK) has entered into a long-term partnership agreement with Visa, to provide …
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Egypt’s central bank, London Institute of Banking & Finance sign MoU
by Nada Aliby Nada AliEgypt’s Central Bank signed a Memorandum of Understanding (MoU) with London Institute of Banking & Finance (LIBF) …
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Arab Monetary Fund provides $615.8mln to support Egypt’s financial sector
by Nada Aliby Nada AliThe Arab Monetary Fund (AMF) has extended a new loan to Egypt of 153.475 million Arabic dinars …
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The National Bank of Egypt, the country’s largest state-run bank, posted its highest ever full-year profit, banking …