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Banks
Al Hilal Fund Pays Dividend
Al Hilal Bank has announced the first dividend payout by its flagship fund, Al Hilal Global Sukuk Fund. The fund,…
Ahli Bank Reports A Net Profit Of QR 465.2 Million For The Year 2012
Ahli Bank Q.S.C. (ABQ) reported a highest ever net profit of QR465.2 million for the year 2012 (2011: QR442.2…
Gulf Banks Replace Europeans As Middle East Buyers, S&P Says
Gulf banks will remain big buyers of financial assets in the Middle East and North Africa, attracted by lower…
CBE: Banks’ Net Profits Hit EGP 14 Bln In 2012
The Central Bank of Egypt (CBE) stated that banks’ net profits surged 600% to reach EGP 14 billion at the end of…
Egypt Sells 91-, 266-Day T-Bills Worth EGP 4.5 Bln
The Egyptian Ministry of Finance sold on Sunday 91- and 266-day T-bills worth EGP 4.5 billion. The Ministry offered…
Today’s FX Auction Delayed To Monday On Hisham Ramez’s 1st Day At CBE
The Central Bank of Egypt (CBE) delayed conducting its FX auction to next Monday after Hisham Ramez assumes the…
Al Baraka Bank Targets to Raise Deposits To EGP 16.5 Bln In 2013
Al Baraka Bank of Egypt targets to increase the deposit portfolio by 15% to reach EGP 16.5 billion by the end of…
Exclusive: Banks’ Contributions To Port Said Steel Loan
The National Bank of Egypt (NBE), National Société Générale Bank (NSGB), Commercial International Bank (CIB)…
Hesham Kandil Accepts Tarek Amer’s Resignation
The Egyptian Prime Minister Hesham Kandil announced yesterday that the Cabinet accepted the resignation of the…
Egypt Offers 91-, 266-Day T-Bills Worth EGP 4.5 Bln On Sunday
The Egyptian Ministry of Finance will offer 91- and 266-day T-bills worth EGP 4.5 billion next Sunday. The Ministry…