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Unemployment Rate In Egypt Hits 13% In 2012: AfDB
The African Development Bank’s Resident Representative for Egypt affirmed that the unemployment rate in Egypt is…
SMEs Need Evaluation Mechanism To Flourish: Khaled Nagaty
Khaled Nagaty, Chairman of the Egyptian Association for SMEs Support (ESME), stressed the importance of supporting…
HSBC To Sell Ping An Stake For $9.4 Billion To Charoen Pokphand
HSBC Holdings Plc (HSBA) agreed to sell its stake in China’s Ping An Insurance (Group) Co. to Thai billionaire…
Agricultural Credit Bank To Offer EGP 500 Mln Islamic Finances In FY 2012/13
The Principal Bank for Development and Agricultural Credit targets to inject Islamic finances worth EGP 500 million…
Egyptian Arab Land Bank Contributes EGP 100 Mln To MAF Loan
The Egyptian Arab Land Bank’s board of directors has given final approval last week to contribute EGP 100 million…
Ahli United Bank Offers Alexandria Portland Cement EGP 250 Mln Credit Facility
Ahli United Bank has provided Alexandria Portland Cement Company with revolving credit facility worth EGP 250…
Al Baraka Banking Group Announces Promotions Among Members Of Executive Management
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced promotions among…
CBE Expected To Keep Interest Rates Unchanged On Thursday
A number of banking experts expected the Monetary Policy Committee to leave overnight deposit and lending rates…
Industrial Development Bank Secures US$20 Mln Loan To Finance SMEs
The Industrial Development and Workers Bank of Egypt received a loan worth US$ 20 million from the National Bank of…
Al Baraka Banking Group Sponsors AAOIFI Conference
The Bahrain based leading Islamic banking group Al Baraka Banking Group (ABG), announced that, as part of its…