Tags Result

MidBank offers fee-free accounts, complimentary Meeza cards for persons with disabilities

MidBank has offered a set of special benefits for persons with disabilities, including full waivers on administrative fees for opening bank accounts and the free issuance of a “Meeza” card from December 1st to 15th.

Updated 12/10/2025 2:32:00 PM
Mashreq reports solid operating income growth in 9 months

Mashreq reported an increase in operating income to AED 9.4 billion for the first nine months of 2025.

Updated 11/4/2025 8:54:00 AM
CIB records EGP 7.09B block trading transaction

Commercial International Bank Egypt (CIB) registered a block-trading transaction worth EGP 7.092 billion.

Updated 10/8/2025 10:12:00 AM
FABMISR wins 2025 Best Egyptian Bank in Overall Performance Indicators by WUAB

First Abu Dhabi Bank Misr (FABMISR) has been awarded the prestigious title of "Top Egyptian Bank in Overall Performance Indicators for 2025" by the World Union of Arab Bankers (WUAB).

Updated 7/27/2025 2:02:00 AM
CBE directs banks to back exporters in meeting international sustainability standards

The Central Bank of Egypt (CBE) has directed banks to provide the necessary support to their exporting clients to help them comply with international sustainability standards throughout the production stages of their export goods.

Updated 7/7/2025 12:01:00 PM
FABMISR opens new branch at Al Ahly Club in New Cairo

First Abu Dhabi Bank Misr (FABMISR) has opened a new branch within Al Ahly Club in New Cairo.

Updated 4/27/2025 1:44:00 PM
EGP hits record low of 51.21 per USD

The Egyptian pound has plunged to its lowest level in history against the US dollar today, Sunday, reaching 51.21 EGP per dollar at several banks.

Updated 4/6/2025 12:27:00 PM
CBE's expected rate cuts unlikely to dent Egyptian bank's NIMs: Fitch Ratings

Egyptian banks’ net interest margins (NIMs) are expected to withstand the impact of major interest rate cuts likely to be introduced by the Central Bank of Egypt (CBE) this year.

Updated 2/20/2025 9:22:00 AM
Taly, Telda partner to enhance fintech experience in Egypt

taly, a leading digital payments platform in Egypt, has teamed up with Telda to launch a game-changing service that enables Telda users to deposit funds into their accounts instantly using any bank card.

Updated 12/19/2024 1:15:00 PM
Al Baraka Group hosts 1st AGCM 

Al Baraka Group held its first Annual Group Compliance Meeting (AGCM) at its headquarters in Bahrain, with the participation of all its subsidiaries, on December 2nd and 3rd.

Updated 12/10/2024 2:10:00 PM
EGP/USD exchange rate touches new all-time low

The Egyptian pound continued its downward trajectory against the US dollar, reaching a new record low as pressures on the local currency persist amid ongoing economic challenges.

Updated 12/9/2024 11:20:00 AM
Al Baraka Bank Egypt launches new mobile app as part of digital expansion plan

Al Baraka Bank Egypt has introduced its new mobile banking application as part of its 2023–2025 strategic plan.

Updated 11/25/2024 9:30:00 PM
FABMISR awarded 2024 best bank for driving foreign investments to Egypt by WUAB

First Abu Dhabi Bank Misr (FABMISR) has been awarded the title of "Best Bank in Terms of Investor Services and Attracting Foreign Investments to Egypt for the Year 2024" by the World Union of Arab Bankers (WUAB).

Updated 11/22/2024 7:33:00 AM
Fitch Ratings upgrades 4 Egyptian banks’ IDRs following sovereign rating boost

Fitch Ratings has upgraded the long-term issuer default ratings (IDRs) of four major Egyptian banks to 'B’ from ‘B-,' with a stable outlook.

Updated 11/19/2024 4:18:00 PM
Capgemini Research Institute reveals divide in cloud adoption goals for banks, fintech firms: Report

The Capgemini Research Institute has published the World Cloud Report for Financial Services 2025, highlighting a major difference in how traditional banks and new-age fintech firms approach cloud technology investments.

Updated 11/14/2024 3:54:00 PM
Mashreq launches clean-up expedition in Egypt under Climb2Change initiative

Mashreq, a leading financial institution in the MENA region, has launched its clean-up expedition in Egypt as part of the bank’s global initiative to clean up 14 mountain sites around the world.

Updated 11/13/2024 3:40:00 PM
CBE permits banks accounts for youth aged 15-21 without parental approval 

The Central Bank of Egypt (CBE) has directed banks to allow youth aged 15 to 21 to open bank accounts without requiring parental consent.

Updated 11/12/2024 2:40:00 AM
Egypt to pay off $3M loans to Gulf banks in November

The Egyptian government is set to pay off $3 billion in loans to Gulf-based banks in November via the country’s dollar resources.

Updated 11/7/2024 1:45:00 AM
CBE withdraws EGP 992.45B in deposit auction on November 5th

The Central Bank of Egypt (CBE) has withdrawn EGP 992.45 billion in excess liquidity from banks through the fixed-rate auction held on November 5th.

Updated 11/5/2024 2:53:00 AM
ALEXBANK appoints new CEO, Deputy CEO

ALEXBANK has appointed Paolo Vivona as Executive Member of the Board of Directors, Chief Executive Officer, and Managing Director and Antonio Bergalio as Executive Member of the Board of Directors and Deputy CEO.

Updated 11/3/2024 3:26:00 PM