Banks Remittances from Egyptian expats hit new record high in FY2017-18 Ahmed Ali Aug 30, 2018 0 Remittances from expatriate Egyptians hit another record and climbed by 21.1 percent to $26.5 billion in the…
Banks Al Baraka Bank Egypt’s NPLs fall to 5.4% in June Ahmed Ali Aug 27, 2018 0 Al Baraka Bank-Egypt, part of Bahraini Islamic lender Al Baraka Group, witnessed an improvement in the quality of…
Banks Currency in circulation outside Egypt banks 9.4% of GDP in Q1 Ahmed Ali Aug 19, 2018 0 Funds in circulation outside Egypt-based banks fell to 9.4 percent of the country’s GDP in the first quarter of the…
Banks Egyptian bank deposits rise 6.2% in five months – CBE Ahmed Ali Aug 19, 2018 0 Egyptian bank deposits rose 6.2 percent in the first five months of the year to 3.536 trillion Egyptian pounds…
Banks Al Baraka Bank-Egypt H1 net profit grows 30% Ahmed Ali Aug 15, 2018 0 Al Baraka Bank-Egypt, part of Bahraini Islamic lender Al Baraka Group, reported on Tuesday a 30 percent annual…
Financial Institutions HC expects unchanged interest rates, inflation to stabilise in August Ahmed Ali Aug 13, 2018 0 HC Securities & Investment expected Egypt’s inflation to stabilise in August by 1 percent, with anticipations…
Banks Egypt plans renewal of currency swap deal with China next Dec.: Amer Ahmed Ali Aug 11, 2018 0 Egypt expects to renew a bilateral currency swap deal worth $2.7 billion with China by next December, central bank…
Africa News Africa losing $1.4 trillion since 2009 in illicit finance drain – UN Ahmed Ali Aug 9, 2018 0 Illicit financial flows have been draining nearly $1.4 trillion from the African economies since 2009, said a UN…
Banks Tarek Amer first Egyptian to take over Association of African Central Banks presidency Ahmed Ali Aug 9, 2018 0 Governor of the Central Bank of Egypt (CBE) Tarek Amer takes over the presidency of the Association of African…
Banks New U.S. sanctions will hurt Egypt-Iran bank operations – Egyptian banker Ahmed Ali Aug 8, 2018 0 New U.S. sanctions against Iran will be hard for the latter’s joint bank with Egypt in terms of the foreign…