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Banks
9 Banks Contribute To US$ 1.250 Bln Loan For Ethydco
Nine banks approved to contribute to the US$ 1.250 billion loan arranged by the National Bank of Egypt (NBE),…
Cyprus Bailout: Deal Reached In Eurogroup Talks
Eurozone finance ministers have agreed a 10bn-euro bailout deal for Cyprus to prevent its banking system collapsing…
Finance Ministry Sells 91-, 273-Day T-Bills Worth EGP 4.5 Bln
The Egyptian Ministry of Finance sold 91- and 273-day treasury bills worth EGP 4.5 billion on Sunday, while the…
Kuwait Finance House Offers To Subscribe For US$ 3 Bln Of Egypt’s Sukuk
The Kuwait Finance House (Beitak) expressed an interest to subscribe US$ 3 billion of Egypt’s debut sukuk which…
FinMin: IMF Technical Team to Visit Egypt ‘Within Days’
Egyptian Finance Minister Al-Morsi Al-Sayed Hegazy said in a conference on Sunday a technical team from the…
Bank Audi Egypt’s Loans, Credit Facilities 19% Up At End-2012
Bank Audi Egypt’s portfolio of loan and credit facilities surged EGP 1.5 billion (19.1%) to reach EGP 9.3 billion…
Shura Council Discusses Amending Banking Law No. 88/2003
The Finance and Economic Affairs Committee at the Shura Council will hold a closed meeting on Sunday to discuss the…
Finance Ministry To Offer 91-, 273-Day T-Bills Worth EGP 5 Bln Next Sunday
The Egyptian Ministry of Finance will offer 91- and 273-day treasury bills worth EGP 5 billion next Sunday. The…
Al Nour Party Asks Morsi To Refer Sukuk Law To Al-Azhar
Ultraconservative Salafi Al Nour Party has submitted an official note to the Egyptian President Mohamed Morsi…
Soaring Inflation Drives CBE To Raise Lending, Deposit Rates By 50 BPS
The Central Bank of Egypt’s Monetary Policy Committee has raised benchmark overnight deposit and lending rates by…