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Banks
CBE Offers US$ 40 Mln To Local Banks On Thursday
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Thursday so as to address the dollar…
Al Baraka Egypt To Increase Corporate Finances To EGP 8 Bln In 2013
Al Baraka Bank of Egypt targets to raise corporate finance by 15% to reach EGP 8 billion by the end of 2013,…
Finance Ministry Offers 182-, 357-Day T-Bills Worth EGP 6.5 Bln
The Egyptian Ministry of Finance offers 182- and 357-day T-bills, worth EGP 2.5 billion and EGP 4 billion,…
Al Watany Bank Of Egypt’s NPLs Hike To EGP 1.078 Bln
Al Watany Bank of Egypt’s non-performing loan portfolio surged to EGP 1.078 billion at the end of last December,…
NBAD, AIB To Contribute EGP 300 Mln To Ethylene Loan
National Bank of Abu Dhabi (NBAD) and Arab Investment Bank approved to contribute EGP 300 million to the US$ 1.250…
6 Banks Submit Offer To Finance South Helwan Power Plant With EGP 3 Bln
The National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), Arab African International Bank…
Dutch Bank ING To Cut Another 2,400 Jobs
Dutch banking and insurance group ING has announced a further 2,400 job cuts as it prepares to split its banking…
Adviser To Finance Minister Criticizes Cabinet For Not Approving Sukuk Law Till Now
The draft sukuk law, prepared by the Egyptian Ministry of Finance in coordination with the Freedom and Justice…
‘No Attempt On My Life’: Egypt’s Central Bank Governor
The governor of the central bank in Egypt, Hisham Ramez, denied reports of an attempt to assassinate him. The…
CBE Offers US$ 40 Mln To Local Banks At Its 21st FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Wednesday, with a maximum of US$ 6 million…