Currency News - Page 4
428 articles
Emirates NBD Egypt rolls out major healthcare discounts for Signature clients
Signature customers at Emirates NBD Egypt can now get up to 50 percent off a wide range of medical services at four Alameda Group hospitals in Greater Cairo. The offer runs through the end of 2026.
HSBC to Exit Egyptian Retail Banking as Emirates NBD Strikes Acquisition Deal
HSBC has agreed to sell its entire Egyptian retail banking business to Emirates NBD Egypt, with the transaction expected to close in the second half of 2027 pending regulatory approval. Customers and staff face no immediate changes as the transition begins.
Egyptian banks roll out doctor-focused loans up to 3 million EGP
Ten Egyptian banks are offering new loans for doctors, with amounts up to 3 million EGP and long repayment terms. These programs target personal needs, equipment purchases, and clinic upgrades, changing how banks lend to professionals in Egypt.
Legal Challenge Targets Bank Fees for Al Ahly Club Card Closures
A formal legal notice has been served to Bank Audi Abu Dhabi Egypt and Al Ahly Sporting Club, demanding full disclosure of the legal and contractual basis for fees imposed on members closing their club-linked bank cards
Euro Holds Ground as Deutsche Bank Rejects Dollar Breakout
Deutsche Bank is sticking to its year-end euro dollar forecast, even as the euro faces pressure. The bank cites steady global growth and limited US rate hikes as reasons to expect the euro to stay in its usual range.
Emirates NBD Egypt puts creative sector in focus as Gouna Film Festival sponsor
Emirates NBD Egypt is now the official banking sponsor of the Gouna Film Festival. The move links financial services with Egypt's creative and cultural scene.
Emirates NBD Egypt breaks into Africa's top 100 banks after capital boost
Emirates NBD Egypt has jumped into Africa's 100 largest banks for 2026, fueled by a sharp rise in capital and assets that left many rivals behind.
Swiss National Bank Buys Foreign Currency to Slow Franc's Rise
The Swiss National Bank bought 1.44 billion francs in foreign currency in the second quarter of 2026. The move shows the bank is still working to keep the franc from getting too strong, though it has pulled back from earlier heavy intervention.
UBS and Wells Fargo expect Brent oil to drop by 2027
UBS and Wells Fargo predict Brent oil prices will fall through 2027. But they warn that supply shocks and low inventories could keep markets on edge.
Abu Dhabi First Bank Egypt rolls out new funds for savers
Abu Dhabi First Bank Egypt has launched four investment funds, including daily liquidity and Sharia-compliant choices. Savers now have more ways to manage risk and returns as Egypt's financial sector shifts.
Hungarian Mint Issues 5000 Forint Coin Honoring the Pumi Dog
Hungary's latest commemorative coin features the Pumi, a herding dog with a distinctive curly coat. The 5000 forint issue is part of a series celebrating the country's working breeds and reflects the ongoing role of animals in Hungarian rural life.
Egyptian banks pushed to adapt as AI and instant payments reshape the market
Egypt's banks are racing to keep up as instant payment apps and digital identity tools change how people use financial services and demand more speed and security.
Abu Dhabi Investment Arm Backs $2.34 Billion Slate Grocery REIT Buyout
A unit of Abu Dhabi Investment Authority is joining a $2.34 billion deal for Slate Grocery REIT, moving 115 US grocery-anchored shopping centers into new hands and drawing global attention to American retail property.
Emirates NBD Egypt rolls out three-year fixed certificate at 18.5 percent
Emirates NBD Egypt has launched a three-year fixed certificate in Egyptian pounds, offering up to 18.5 percent annual yield. The product targets large deposits and comes with tough eligibility and withdrawal rules.
Personal loans in UAE hit 616 billion dirhams in 2026
Personal loans for consumer spending in the UAE soared to 616 billion dirhams by mid 2026, accounting for nearly a third of all bank credit and outpacing growth in other key sectors
Emirates NBD Egypt unveils three-year certificate at 18.5% yield
Emirates NBD Egypt is rolling out a three-year fixed certificate in Egyptian pounds. The top yield is 18.5 percent, but only for deposits of at least 500,000 EGP and with a six-month lock-in.
Egyptian pound weakens as dollar nears 52 in local banks
The Egyptian pound lost more ground against the US dollar, with rates pushing past 51.90 in several banks. Gold prices fell and the stock market closed lower for the fifth day running.
UAE and India set $200 billion trade target by 2032
The UAE and India are pushing to double their trade to $200 billion by 2032, with new investment projects, financial links, and digital payment initiatives aiming to transform cross-border business and currency flows.
Abu Dhabi First Bank targets Asia trade with Singapore summit
Abu Dhabi First Bank wrapped up its third Middle East Asia Summit in Singapore, where capital flows and technology took center stage in talks about reshaping trade and investment between the two regions.
Numismatic Bibliomania Society offers new grants for authors
The Numismatic Bibliomania Society is now giving out grants up to $20,000 for authors of numismatic books. The group is also looking for volunteers to help review applications.
Japan's Coin Metal Value Now Rivals Face Value
Japan's 5-yen and 10-yen coins now contain metal worth more than their face value, raising questions about the future of small change as cash use declines and production costs climb
China's Gold Imports Hit New Highs as Silver Hovers Near Key Level
China is on pace for record gold imports this year, while silver prices test the sixty dollar mark. Central bank buying, shifting demand, and new rules are changing the bullion market.
Stack's Bowers hides $40,000 in coins across four US cities
Stack's Bowers Galleries is stashing $40,000 worth of collectible coins in Miami, Philadelphia, San Francisco, and Boston this October. Collectors will have to crack clues and race to claim prizes worth up to $3,500 each.
Euro edges higher against Egyptian pound as banks lift rates
On 28 September 2026, the euro climbed against the Egyptian pound, with top banks setting new highs for both buying and selling. Egypt's foreign reserves also broke records, while the central bank left interest rates unchanged.
Emirates NBD pushes Swiss franc green bonds in funding shake-up
Emirates NBD is pitching Swiss franc green bonds, hinting at a new direction in sustainable funding and currency strategy for one of the UAE's top banks.
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