Egypt’s banks are walking a tightrope between absorbing excess liquidity and defending the pound against fresh foreign-exchange pressures.
Updated 5/6/2026 10:47:00 AM
The US dollar inched higher against the Egyptian pound on early Sunday across a number of local banks, according to published rates by 10:31 am.
Updated 4/26/2026 11:27:00 AM
Kuwait Finance House Bank - Egypt (KFH-Egypt) has renewed its strategic partnership with Entreprenelle, the leader in community development in the MENA region for 2026.
Updated 4/19/2026 11:16:00 AM
First Abu Dhabi Bank Misr (FABMISR) has opened a new branch in El Sadat City in Monufia Governorate, as part of its continued expansion strategy.
Updated 4/9/2026 1:50:00 PM
Crédit Agricole Egypt marked 20 years of operations in the country with a large-scale celebration at the Grand Egyptian Museum, hosting its annual Iftar for more than 2,500 employees.
Updated 3/18/2026 2:35:00 PM
Arab African International Bank (AAIB) reported strong financial results for the year ending December 31st, 2025, with profits and assets rising sharply despite a softer interest rate environment.
Updated 3/18/2026 9:27:00 AM
Egypt’s financial sector is undergoing a historic transformation, reshaping how citizens and businesses interact with money. Over the past decade, deliberate policies by the Central Bank of Egypt (CBE) and other institutions have driven remarkable progress in financial inclusion, reducing reliance on cash and expanding access to digital financial services.
Updated 2/5/2026 10:51:00 AM
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 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
Commercial International Bank Egypt (CIB) registered a block-trading transaction worth EGP 7.092 billion.
Updated 10/8/2025 10:12:00 AM
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
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
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
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
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, 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 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
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 has introduced its new mobile banking application as part of its 2023–2025 strategic plan.
Updated 11/25/2024 9:30:00 PM
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