Banking

The latest banking stories from Egypt and across the globe, by the Daily News Egypt banking team, including global insight and commentary on the top issues concerning this sector.
Latest Banking News

ABK-Egypt renews bancassurance partnership with MetLife for seven years

Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt) announced on Sunday the renewal…

Daily News Egypt

Saib signs EGP 4.8bn financing deal for ‘Taj Tower’ in New Capital

Saib Bank has signed a medium-term financing agreement with the Egyptian International…

Daily News Egypt

Egypt’s Islamic banking market reaches EGP 1.303trn in June 2025

Egypt's Islamic banking sector has seen significant growth, with total market size…

Hossam Mounir

CIB Finance portfolio exceeds EGP 4.1bn in first year of operations

CIB Finance Company (CIFC), a subsidiary of the Commercial International Bank Egypt…

Daily News Egypt

CBE reports developments in Egypt’s external debt in 2024

Egypt’s external debt stood at $155.1bn in December 2024, up by about…

Hossam Mounir

CBE’s net foreign assets climb to $10.5bn in July 2025

The Central Bank of Egypt (CBE) announced that its net foreign assets…

Hossam Mounir

Egypt’s annual urban inflation slows to 13.9% in July: CBE

Annual urban headline inflation in Egypt eased for the second consecutive month,…

Hossam Mounir

Egypt’s Al-Sisi meets central bank chief, calls for continued efforts to increase dollar inflows

Egyptian President Abdel Fattah Al-Sisi on Monday stressed the need to continue…

Daily News Egypt

Al-Sisi extends Hassan Abdalla’s term as CBE acting governor

President Abdel Fattah Al-Sisi has issued a presidential decree extending the mandate…

Hossam Mounir

Misr Digital Innovation gains Central Bank approval to transition into ‘onebank’

Misr Digital Innovation has received approval from the Central Bank of Egypt…

Daily News Egypt