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Banks
Cabinet To Approve Sukuk Law On Wednesday
Egypt's Cabinet headed by the Prime Minister Hesham Kandil will approve the final draft of the sukuk law in its…
Fitch Downgrades CIB, NBE To ‘B’; Outlook Negative
Fitch Ratings has downgraded the Long-term foreign currency Issuer Default Ratings (IDR) of National Bank of Egypt…
NBE Raises Return On Platinum Savings Certificate To 12.5%
The National Bank of Egypt (NBE) has raised returns on its three-year platinum savings certificates from 10.5% to…
BMI Bank Reports Profit Of USD 1.3 Million
Bahraini retail and commercial banking institution, BMI Bank today announced its financial results reporting a net…
Bank Muscat Opens New Branch In Royal Opera House
Bank Muscat , the flagship financial services provider in the Sultanate, yesterday opened a state-of-the-art branch…
Finance Ministry Sold 5-, 7-Year T-Bonds Worth EGP 1.5 Bln
The Egyptian Ministry of Finance sold 5- and 7-year T-bonds worth EGP 1.5 billion on Monday. The Ministry stated on…
Banks Raise Returns On Savings Certificates To Attract More Liquidity
A number of bankers expected banks in Egypt to raise returns on savings certificates in the current period after…
Egypt’s Central Bank Agrees To Sell Both BNP Paribas And NSGB
An official involved in the BNP Paribas deal stated that the CBE had agreed in a meeting with its Board of…
CBE Delays 17th FX Auction Once Again After Hisham Ramez’s Appointment
The Central Bank of Egypt (CBE) has delayed its 17th FX auction on Monday for the second consecutive time, on the…
Egypt Offers 5-, 7- Year T-Bonds Worth 2 Bln On Monday
The Egyptian Ministry of Finance offers 5- and 7- year T-bonds each worth EGP 1 billion on Monday. The Ministry…