Browsing Category
Banks
Al Watany Bank of Egypt Reports EGP 304 Mln Net Profit In 2012
Al Watany Bank of Egypt (AWB) achieved net profit of EGP 304.078 million in 2012, compared to EGP 220.552 million…
Finance Ministry Sells 91-, 273-Day T-Bills Worth EGP 5.5 Bln
The Egyptian Ministry of Finance sold 91- and 273-day T-bills worth EGP 5.5 billion on Sunday. The yields on…
Banque Misr Awarded “Best Provider Of Money Market Funds” In MENA For 2013
In what is considered to be an important step and a crowning of Banque Misr’s efforts and noticeable activities in…
The National Bank Of Abu Dhabi Selects BT To Connect Global Operations
The National Bank of Abu Dhabi (NBAD) selected BT, one of the world's leading providers of communications services…
IDBE In Talks With 8 Customers To Settle EGP 75 Mln Bad Debts
The Industrial Development and Workers Bank of Egypt currently conducts negotiations with eight defaulting…
Banks’ Investments In Securities Hit EGP 595.8 Bln At End-Nov. 2012
The Egyptian banking sector’s securities portfolio surged by 2.6% (EGP 15.1 billion), registering EGP 595.8 billion…
CBE Offers Industrial Development Bank EGP 1 Bln Loan To Bridge Provisions Gap
The Industrial Development and Workers Bank of Egypt received a loan worth EGP 1 billion from the Central Bank of…
Al Baraka Egypt Eyes 20% Profit Increase In 2013
Al Baraka Bank of Egypt targets to raise profits by 20% this year, after achieving profit of EGP 135.7 million at…
Egypt’s Foreign Reserves Fell On Paying Debts To Paris Club Member Countries
Egypt’s foreign reserves fell to US$ 13.6 billion last January after paying the half-yearly installment of US$ 700…
Renewing Relations With Iran Not To Affect IMF Loan Deal: Ismail Hassan
One of that International Monetary Fund’s main aim is to assist crisis-hit economies with soft loans, said Ismail…