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Banks
Deutsche Bank To Cut 1,000 Jobs
Deutsche Bank is planning to cut 1,000 investment banking jobs in response to tough conditions in capital markets,…
United Bank To Raise Loans Portfolio To EGP 4 Bln By End Of 2012
The United Bank targets to inject EGP 600 million in its loans and credit facilities portfolio, raising it to EGP 4…
IMF To Assess Economic Spillovers In New Monitoring Rules
The International Monetary Fund approved changes to its annual economic surveillance rules on Wednesday that now…
Tarek Amer: NBE FY2011 Net Profits Hit EGP 2.6 Bln
Tarek Amer, chairman of National Bank of Egypt (NBE), said the bank has posted net profits of EGP 2.6 billion…
Banque Misr Launches Durable Goods Finance Program
Banque Misr has launched a program for financing durable goods (furniture, electric devices, etc...) through…
NBE’s Dollar Liquidity Registers US$ 1.9 Bln
The National Bank of Egypt (NBE) offered finances of US$ EGP 2 billion to the government in the period that…
Egypt’s Banks Announce Working Hours During Ramadan
During the month of Ramadan the working day for clients in Egypt’s banks will end at 1.30pm rather than the usual…
NBE Collected EGP 82 Bln Taxes Electronically In FY 2011/12
The National Bank of Egypt (NBE) succeeded in collecting about EGP 82 billion in taxes electronically in FY…
NBO H1 Net Jumps 17pc
National Bank of Oman’s (NBO) net profit after tax rose 17 per cent to RO 19.92 million for the six months ended…
SGBL’s Net Profits Surge 29 Percent In First Six Months
SGBL, one of the leading banks in Lebanon, recorded a net profit of $59 million in the first six months of 2012,…