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Crédit Agricole Egypt’s Consolidated Profit Hit EGP 470.9 Mln In 2012
Crédit Agricole Egypt achieved consolidated profit of EGP 470.973 million at the end of 2012, compared with EGP…
Sherif Elwy Likely To Resign From NBE, Join CIB: Sources
The National Bank of Egypt’s (NBE) deputy chairman Sherif Elwy will probably leave his position after the Prime…
HSBC Bank Egypt Wins”Bank of the Year” Award in 2012
HSBC Bank Egypt (“HSBC”) is proud to announce that it has won the prestigious “Bank of the Year – Egypt” Award in…
NBE To Sign Debt Settlement Agreement With Food Industries Company
The National Bank of Egypt (NBE) has approved signing debt settlement agreement with a food industries company…
CBE Offers US$ 50 Mln To Local Banks At 18th FX Auction
The Central Bank of Egypt (CBE) has offered US$ 50 million to local banks in its 18th FX auction so as to address…
Bank Audi Considers Contributing EGP 200 Mln To MAF Loan
Bank Audi Egypt plans to contribute EGP 200 million to the EGP 3 billion loan arranged by the National Bank of…
Hisham Ramez Calls For Lifting Ban On Traveling With $10,000 To Egypt
The newly-appointed Governor of the Central Bank of Egypt (CBE) Hisham Ramez stated that the economy’s problem is…
Egypt’s Foreign Reserves Enough For 3 Months Of Imports: Minister
Egypt's net foreign reserves are currently enough to cover only three months of the country's imports, Ashraf…
CBE Conducts 18th FX Auction On Wednesday
The Central Bank of Egypt (CBE) has decided to conduct its 18th FX auction and the second one since the appointment…
Shura Council’s Economic Committee Approves €60 Mln Loan From EU,EIB
The financial and economic committee of the Shura Council (upper house of parliament) headed by Dr. Mohamed El-Feky…