BAI Announces 2019 Global Innovation Award Finalists

BAI announced the finalists for the 2019 BAI Global Innovation Awards, the industry’s most prestigious awards program that celebrates transformative solutions in the financial services industry worldwide.

Now"...

Blending Lifestyle with Banking

At its recent inaugural marketplace event in Abuja, the United Bank for Africa blended lifestyle with culture as it seeks to unlock prosperity in Africa, writes Solomon Elusoji

Wizkid – Ayodeji Balogun –"...

Bourse, banks resume work on Wed. after Eidul Adha vacation

CAIRO, Aug 13 (MENA) - Egypt's bourse and banks will resume work on Wednesday after the end of Eidul Adha three-day vacation.

The cabinet had decided that Eidul Adha vacation would start August"...

World Bank publishes infographic about Egypt's education reform project

Cairo: The World Bank published an infographic Tuesday on a project to support Egypt's education reform.

The infographic, shown on the World Bank's official Twitter account, tackled the efforts exerted"...

CBE issues import, export standards on foreign banknotes surplus

The Central Bank of Egypt (CBE) issued new standards for import and export of foreign currency surplus during its board of directors meeting on 5 August.

The CBE affirmed that these standards comes in the framework"...

CBE reveals Egypt’s economy external position

The Central Bank of Egypt (CBE) issued the External Position of the Egyptian Economy Report. The Report tracks, on a quarterly basis, the international transactions that the Egyptian economy conducts with the rest of the world. It highlighted that Egypt’s total external debt has reached"...

CBE launches fresh standard for risk-free interest rate

(MENA) - The Central Bank of Egypt (CBE) launched on Friday a fresh standard for determining a risk-free interest rate.

The standard was developed in cooperation with the European Bank for Reconstruction and Development (EBRD), and the Egyptian capital market's contact"...

US enshrining of FX controls to carry serious implications for global market: HSBC

US efforts to enshrine FX controls within trade deals carry potential significant implications for the global FX market, according to HSBC Global Research report on currency outlook in July.

HSBC explained that"...

CBE chosen as AACB vice-president for North Africa

KIGALI - 1 August 2019: The Association of African Central Banks (AACB) has chosen the Central Bank of Egypt (CBE) to be the vice-chairperson of the association for the Northern Africa sub-region for the coming session 2019-2020.

The AACB, which groups 40 African central banks,"...

Nasser Social Bank achieves unprecedented profits of over EGP 1bn end-June

Cairo: For the first time in its history, the Nasser Social Bank (NSB) achieves EGP 1.081bn profits in June 2019, compared to EGP 736m in June 2018, a growth of 47%.

Despite achieving these historical profits,"...