Banque du Caire introduces exclusive ‘Tharwa ELECT’ tier for high-net-worth clients – Dailynewsegypt
As part of a comprehensive strategy and ambitious plan to expand its range of competitive banking products and services, Banque du Caire has announced the launch of the “Tharwa ELECT” tier. This new offering is designed to provide a unique
CBE directs banks to facilitate account opening for non-resident foreigners – Dailynewsegypt
The Central Bank of Egypt (CBE) has instructed banks to facilitate the process of opening accounts for non-resident foreigners in Egypt. These accounts will allow foreigners to access a variety of banking services without compromising the regulations and standards governing
Total financial position of Egyptian banking sector increases to EGP 17.8trn in Q1 2024 – Dailynewsegypt
Household sector holds 74.2% of EGP 11.534trn in customer deposits
Inflation dynamics normalizing to pre-March 2022 patterns: CBE – Dailynewsegypt
Inflation is projected to stabilise around current levels in 2024, with significant decline anticipated in H1 2025
Opinion| Egypt’s banking revolution: CBE approves launch of first digital bank – Dailynewsegypt
Historic achievement that signifies major step forward in country's digital transformation within banking sector
CIB collaborates with SAS Institute to enhance university students’ skills – Dailynewsegypt
The Commercial International Bank (CIB) Egypt recently signed a memorandum of understanding (MoU) with SAS Institute, emphasising their joint commitment to youth development and workforce readiness. Through this collaboration, students will gain essential skills and knowledge to navigate local and
Investment banks predict CBE to maintain unchanged rates for second consecutive meeting – Dailynewsegypt
Analysts anticipate unchanged rates amidst decreasing inflation
CIB launches Egypt’s first private Mastercard World Elite Metal credit card – Dailynewsegypt
Commercial International Bank (CIB), Egypt’s leading private-sector bank, has partnered with Mastercard, a global technology company in the payments industry, to introduce the exclusive CIB Private Mastercard World Elite Metal Credit Card. This invitation-only card is designed for CIB’s high-net-worth
FABMISR appoints new Internal Sharia Supervisory Committee for Islamic banking services
FABMISR, one of Egypt’s largest banks, is pleased to announce the appointment of a new Internal Sharia Supervisory Committee (ISSC). This committee will oversee and regulate the implementation of Islamic banking services within FABMISR’s extensive portfolio. The move reflects FABMISR’s
Financial position of banks operating in Egypt surges to EGP 17.8trn in Q1 2024: CBE
The Central Bank of Egypt (CBE) recently disclosed a substantial increase in the aggregate financial position of banks operating within the local market (excluding the CBE itself). As of March 2024, this position reached EGP 17.896trn, compared to EGP 14.2trn