The Banky bulletin rounds up today's top events in banking and finance: Mahmoud Abbas, Head of the Legal Sector at Commercial International Bank – Egypt (CIB), won the «The General Counsel of the Year» award; gold prices are set to extend their upward path in the second half of 2026, supported by sustained heavy buying by central banks and receding expectations of US monetary tightening; National Bank of Kuwait – Egypt obtained a social responsibility certification, according to a statement it issued; and Bank ABC held a breast cancer awareness session in cooperation with the Baheya Foundation to mark Pink October, Breast Cancer Awareness Month. Read on for the details.

Commercial International Bank – Egypt CIB Wins the «The General Counsel of the Year» Award for Excellence in the Legal Sector

Mahmoud Abbas, Head of the Legal Sector at Commercial International Bank – Egypt (CIB), won the «The General Counsel of the Year» award at the annual ceremony of The Law magazine, held at Koubbeh Palace in Cairo to honor a group of outstanding legal leaders in the Middle East.

Abbas said he was proud of the recognition, saying it reflects the competence and professional commitment of the legal team. He praised the bank's executive leadership for their support and continued trust, and for their commitment to a work environment that enables talented staff to put their expertise to use and achieve the best results.

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Goldman Sachs Expects Gold to Rise to USD 4,900 an Ounce by End-2026

Gold prices are set to extend their upward path in the second half of 2026, supported by sustained heavy buying by central banks and receding expectations of US monetary tightening, amid forecasts that the ounce will reach USD 4,900 by the end of the year.

The trend is reinforced by monetary institutions moving to diversify their foreign reserves, alongside investors' renewed appetite for safe havens, despite the possibility of greater price volatility from the expanding use of financial derivatives.

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National Bank of Kuwait – Egypt Obtains a Social Responsibility Certification to Strengthen Sustainability Practices

National Bank of Kuwait – Egypt has obtained a social responsibility certification, according to a statement it issued, in a step that reflects its commitment to strengthening sustainable practices and embedding social responsibility principles across its activities and its internal and operational processes.

The achievement is in line with NBK Group's environmental, social and governance (ESG) sustainability strategy and supports the bank's drive to entrench responsible corporate practices that contribute to sustainable growth and strengthen its relationships with stakeholders.

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Bank ABC Egypt Holds a Breast Cancer Awareness Session With the Baheya Foundation

Bank ABC held a breast cancer awareness session in cooperation with the Baheya Foundation to mark Pink October, Breast Cancer Awareness Month, as part of its focus on employee health and raising awareness of the importance of early detection.

The session included specialist medical guidance on breast health and explained the importance of a monthly self-examination in spotting any changes that call for a doctor's advice, helping employees take proactive steps to protect their health.

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Banking Sector Accounts for 5.96% of EGX Liquidity in Tuesday 20 October Session, With Trading Above EGP 544 Million

The banking sector recorded trading worth about EGP 544.09 million during the session on Tuesday 20 October 2026, accounting for 5.96% of the total value traded on the Egyptian Exchange (EGX).

Trading volume in banking-sector shares reached about 7.81 million securities, or 0.35% of the market's total trading volume, while the sector's market capitalization stood at about EGP 884.62 billion, accounting for 22.78% of the EGX's total market capitalization.

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That concludes the Banky bulletin. Join us tomorrow for a new bulletin and exclusive coverage of the latest and most important news in banking and finance.