Latest news with #Midbank
See - Sada Elbalad
21-05-2025
- Business
- See - Sada Elbalad
Euro Rises against Egyptian Pound... Dollar Continues to Decline
Taarek Refaat The euro exchange rate on Wednesday recorded a noticeable increase in most Egyptian banks compared to recent trading. Buying prices ranged between EGP 55.94 at Midbank, the lowest, and EGP 56.28 at Abu Dhabi Islamic Bank, the highest. As for selling prices, Credit Agricole Bank recorded the lowest price at EGP 56.60, while the highest selling price reached EGP 56.74 at Qatar National Bank (QNB). At the Central Bank of Egypt (CBE), the euro recorded EGP 56.47 to buy and EGP 56.58 to sell. The dollar exchange rate against the Egyptian pound on Wednesday, witnessed slight variations between banks, with most registering declines. The National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB) recorded a buying price of EGP 49.80 and a selling price of EGP 49.90 per dollar. Meanwhile, Next Bank recorded the highest buying price at EGP 49.90 and the highest selling price at EGP 50. CBE Exchange Rates: US Dollar 49.80 49.90 Euro 56.47 56.58 Pound Sterling 66.79 66.93 Swiss Franc 60.42 60.55 Japanese Yen 100 34.66 34.73 Saudi Riyal 13.27 13.30 Kuwaiti Dinar 162.28 162.66 UAE Dirham 13.55 13.58 Chinese yuan 6.91 6.92 ( USD / EUR declines 0.45% to 0.8819 ) read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
Zawya
14-03-2025
- Business
- Zawya
MIDBANK inks long-term partnership with Visa to expand digital payment solutions
Egypt - MIDBANK has signed a long-term partnership agreement with Visa, a global leader in payment technology and digital solutions, as per an emailed press release. This agreement will allow MIDBANK to offer the latest digital payment technologies to meet customer needs and introduce innovative products and services for different user groups. The partnership aims to enhance digital payment solutions with advanced and competitive features. It aligns with Egypt's strategy to achieve full digital transformation and promote electronic payment systems. Midbank's strategy focuses on reducing cash dependency and enabling customers to complete banking transactions easily and securely. This collaboration with Visa is a strong example of how leading institutions can work together to expand financial inclusion and increase the use of electronic payments. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
