banking

UAE asks banks to freeze Qatar-linked accounts
Middle East

UAE asks banks to freeze Qatar-linked accounts

The United Arab Emirates’ central bank has asked all banks and financial institutions to stop dealing with 18 individuals and…
Forbes lists CBE Deputy Governor Lobna Helal as 2nd most powerful Arab businesswoman
Business

Forbes lists CBE Deputy Governor Lobna Helal as 2nd most powerful Arab businesswoman

Forbes Middle East ranked Egypt’s Deputy Central Bank Governor Lobna Helal, as the second most powerful Arab businesswomen. “Helal is…
Barclays sells Egyptian business to Morocco’s Attijariwafa Bank
Business

Barclays sells Egyptian business to Morocco’s Attijariwafa Bank

Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing…
As FX shortage bites, Egypt’s CIB limits use of bank cards abroad
Egypt

As FX shortage bites, Egypt’s CIB limits use of bank cards abroad

Egypt's largest listed bank, Commercial International Bank (CIB), told customers on Wednesday it was reducing the amount of foreign currency…
Barclays begins Egypt sale process, at least two interested
Business

Barclays begins Egypt sale process, at least two interested

Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East…
Bank of England eases rules for banks to meet Brexit challenge
Business

Bank of England eases rules for banks to meet Brexit challenge

The Bank of England took steps on Tuesday to ensure British banks keep lending and insurers do not dump corporate…
Egypt bans use of debit cards abroad amid hard-currency shortage
Business

Egypt bans use of debit cards abroad amid hard-currency shortage

Egypt has ordered banks to prevent customers from using debit cards based on their Egyptian pound accounts when they go…
Egypt raises interest rates by 100 basis points, to highest level in years
Business

Egypt raises interest rates by 100 basis points, to highest level in years

Egypt's central bank raised its key interest rates by 100 basis points on Thursday to their highest levels in years,…
Egyptian court ruling allows CI Capital deal with Beltone
Business

Egyptian court ruling allows CI Capital deal with Beltone

A Cairo Court ruled in favour of Commercial International Bank (CIB) on Wednesday, pushing through the sale of shares in…
US banks’ dismal first quarter may spell trouble for 2016
Business

US banks’ dismal first quarter may spell trouble for 2016

It is only April, but some on Wall Street are already predicting a rotten 2016 for US banks.Analysts say it…
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