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CBE Conducts Three FX Auctions For Another Week
The Central Bank of Egypt (CBE) plans to conduct three FX auctions this week for the second consecutive time;…
Industrial Development Bank Achieves Unprecedented Growth Rates In 2012
The Industrial Development and Workers Bank of Egypt succeeded in achieving the bank’s strategy with unprecedented…
Moody’s Places Egypt’s B2 Government Bond Rating On Review For Possible…
Moody's Investors Service has today placed Egypt's B2 government bond ratings on review for possible downgrade.…
6 Banks Sign Loan Agreement With East Delta Electricity Production
The National Bank for Development (NBD), Banque Misr, Egyptian Gulf Bank, Al Baraka Islamic Bank of Egypt, Bank…
CBE Issued T-Bonds Worth 7.8 Bln In October 2012
The outstanding balances of treasury bonds issued by the Central Bank of Egypt (CBE) on behalf of the Ministry of…
Arab International Bank’s Foreign Currency Rating Lowered Following Egypt Sovereign…
Capital Intelligence (CI), the international credit rating agency, announced that it has downgraded Arab…
National Societe Generale Bank’s Foreign Currency Rating Lowered Following Egypt…
Capital Intelligence (CI), the international credit rating agency, announced that it has downgraded National…
Banks’ Investments In Securities Rose EGP 1.83 Bln In October 2012
The value of securities held by the Egyptian banking sector registered an increase of EGP 1.83 billion to reach EGP…
Egypt Central Bank Will Retain ‘Total Independence”; Newly-Appointed Governor
Egypt’s newly-appointed central bank governor Hisham Ramez said in an exclusive interview with Al Arabiya that the…
Saudi’s Al Rajhi Bank Posts Small Q4 Net Profit Rise
Al Rajhi Bank, Saudi Arabia's largest listed lender, posted a small rise in fourth-quarter net profit on…