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CBE Offers US$ 40 Mln To Local Banks At 30th FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Wednesday, with a maximum of US$ 6 million…
Finance Ministry Sold Treasury Bills, Bonds Worth EGP 124 Bln In Q2, FY 2012/13
The Egyptian Ministry of Finance stated that the yield on 91-, 182-, 273-, and 364-day treasury bills and 3-, 5-,…
NBE Raises Islamic Finances To EGP 420 Mln
The National Bank of Egypt (NBE) has raised the value of Islamic finances by EGP 220 million to reach EGP 420…
NBE Denies Attempted Attack On Masr Al-Qadima’s Branch
Sources at the National Bank of Egypt (NBE) denied what was announced by the Ministry of Interior on Tuesday that…
Industrial Development Bank Delays Signing Agreements With SFD
The Industrial Development and Workers Bank of Egypt has delayed signing finance contracts slated to be sealed…
Attempt To Storm National Bank Of Egypt Thwarted, Police Officer Shot Dead
First Lieutenant Mahmoud Ahmed Abul Ezz Nassef, chief of Masr al-Qadima Patrol, was shot dead by masked men when he…
NBK Awarded “Best Private Banking Services 2013” In Kuwait
Malek Khalife, NBK's General Manager, Private Banking Group receives the award from Euromoney. Euromoney's Annual…
Al-Azhar’s Commerce Faculty Vice Dean Expects Return On Sukuk To Reach 30%
The return on sukuk reached 18% in Sudan and many studies reveal that return on sukuk in Egypt may reach 25-30% and…
Al-Azhar Urges Coop. Among Sharia Scholars, Economics On Draft Sukuk Law
Mohamed El-Mahdy, member of Al-Azhar’s Senior Scholars Council, stated that some terms motioned in the draft sukuk…
Ali Gomaa Affirms Sukuk Good Financing Instrument If Not Endangering State’s Assets
Ali Gomaa, former Grand Mufti of Egypt and member of Al-Azhar's Senior Scholars Council, said Islamic jurisprudence…