BANKING

02 Nov 2014

AAIB expands ATM service in Egypt

The Arab African International Bank (AAIB) expanded their ATM network in Egypt last week allowing customers to easily withdraw money or use “Fawry” bill payment service, the bank announced.


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02 Nov 2014

Only 7% of Egyptians have bank accounts: PayFort

A recent report issued by PayFort, an institution specialising in online payment solutions, said that only 7% of Egyptians have bank accounts, and the number of credit cards in Egypt totals nearly 8m. More than 65% of those undertaking transactions utilise prepaid payment cards and billing"...

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30 Oct 2014

Egypt ranks 112th in World Bank's annual Doing Business report

Egypt climbed one spot to rank 112th out of 189 countries in the World Bank's Doing Business 2015 report, after passing new regulations seen as providing better protection for minority investors.


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26 Oct 2014

Banking deposits grow 20.2% in July: IDSC

Deposits in Egyptian banks grew by 20.2% this past July compared to the same period last year, according to a report issued by the Information and Decision Support Center (IDSC) affiliated with the cabinet.


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