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Banks
New Lowered RRR To Be Effective On Tuesday
The Central Bank of Egypt (CBE) said the new reserve requirement ratio, lowered to 10% from 12%, will be effective…
Dollar-Bond Yield Falls Most Since Revolution
Benchmark dollar-bond yield declined the most since the early days of last year’s uprising. The yield on the 5.75…
Exclusive: Details Of Debt Settlement Agreement Between Magdi Yacoub, NBE
The National Bank of Egypt (NBE) is close to sign the debt settlement agreement with the businessman Magdi Yacoub,…
SAIB Opens Its First Islamic Branch In Cairo On Morsi’s Win
Societe Arabe Internationale De Banque (SAIB), has secured approval from the Central Bank of Egypt to open its…
Spain Officially Requests European Aid
Spain formally requested on Monday European aid of up to 100 billion euros for its banks, the Economy Ministry said…
SABB Named Best Bank In Saudi Arabia
The Saudi British Bank (SABB) was named the "Best Bank in Saudi Arabia" by Arabian Business Magazine. The…
Bank Muscat To Sell New Shares At 25% Discount
Bank Muscat, Oman's largest lender, is planning to offer new shares to existing holders at a 25 percent discount…
EALB Considers EGP 2.4 Bln Asset Management Solutions
Egyptian Arab Land Bank (EALB) is currently studying two options to manage the physical assets obtained via…
Banks Close Before Time Ahead Of Announcing Mubarak’s Successor
Banks, among other institutions in Egypt, are closing their doors in the final hours before the announcement of the…
Banque Misr Awaits CBE’s Approval To Offer Ijara Services
Banque Misr has submitted a request to the Central Bank of Egypt in order to conduct Ijara (Islamic lease)…