Egypt - Page 2
58 articles
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
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.
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.
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.
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.
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.
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.
Bank fraud trial in Egypt pushed to November as court eyes settlements
A sweeping Egyptian bank fraud case with 34 defendants and three banks is on hold until November. The court is giving time for possible settlements in a scheme involving forged documents and over EGP 1.8 million in fraudulent loans.
Emirates NBD Egypt puts banking into daily life
Emirates NBD Egypt is weaving its services into customers' routines, aiming for loyalty through hands-on partnerships and real experiences-not just marketing.
Egyptian Savers Face Stark Choices as Daily Savings Rates Diverge
Egypt's central bank has frozen its key rates at high levels but banks are offering sharply different daily savings returns. Savers must weigh minimum balances and payout rules as top rates reach 18 percent but only for select deposit tiers
Industrial Development Bank launches 20 percent food and grocery discount
Industrial Development Bank customers now get 20 percent off one food or grocery delivery each month when paying with eligible Mastercard cards on Talabat. The deal shows how digital payments are becoming part of daily life.
Emirates NBD Egypt rolls out new savings and deposit certificates
Emirates NBD Egypt has launched a fresh lineup of savings and deposit certificates in both Egyptian pounds and US dollars. The new products offer fixed and variable returns, flexible terms, and options for individuals and businesses looking for tailored deposit solutions.
Emirates NBD Egypt becomes official banking partner of Gouna Film Festival
Emirates NBD Egypt will back this year's Gouna Film Festival as its official banking partner, aiming to boost creative talent and help regional cinema reach more viewers.
Industrial Development Bank launches new savings certificates and deposits
Industrial Development Bank has rolled out new savings certificates and deposit products, giving customers more ways to invest and earn in a shifting financial market.
Egypt Braces for Years of High Interest Rates as Inflation Lingers
Egypt faces a long stretch of high interest rates. Emirates NBD sees no cuts before 2027, with inflation set to ease only slowly. The central bank's next steps will shape borrowing and economic stability.
Saudi Riyal Rates Diverge Across Egyptian Banks in September 2026
Saudi riyal cash rates in Egypt on 27 September 2026 show a notable spread between banks, with differences in both buying and selling prices affecting travelers, remittances, and cross-border payments
Emirates NBD Egypt lifts variable deposit rate to 19.5 percent
Emirates NBD Egypt has bumped up the annual rate on its three-year variable savings certificate to 19.5 percent. Interest is paid monthly, with a minimum deposit of EGP 5000. The return is tied to the central bank's overnight deposit rate plus 0.5 percent.
UAE Dirham Holds Steady Against Egyptian Pound in Major Banks
The UAE dirham opened Saturday with minimal movement against the Egyptian pound, as banks across Egypt posted nearly identical rates for both buying and selling the currency
Emirates NBD Egypt rolls out remote digital signatures for businesses
Emirates NBD Egypt now lets business customers sign banking documents online, cutting out branch visits and speeding up banking for companies.
Emirates NBD Egypt rolls out digital signatures for business clients
Emirates NBD Egypt now lets business clients sign banking documents online, cutting out branch visits. The bank says this will speed up corporate banking and save time.
ABC Egypt Bank lets users send up to one million pounds daily with instant transfers
ABC Egypt Bank now lets customers send up to one million Egyptian pounds per day and five million per month through its mobile app. Transfers are free for a limited time, giving users more digital payment options.
UAE dirham steady against Egyptian pound as banks close for weekend
The UAE dirham kept its value against the Egyptian pound on Friday, September 25, 2026. No changes appeared at leading Egyptian banks as the sector paused for the weekend.
UAE stock market liquidity jumps as big trades split Abu Dhabi and Dubai
UAE stock markets saw liquidity top AED 1.8 billion as large direct trades and selective buying sent Abu Dhabi and Dubai in different directions. Regional exchanges posted mixed results.
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