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Al Baraka Egypt Eyes 20% Profit Increase In 2013
Al Baraka Bank of Egypt targets to raise profits by 20% this year, after achieving profit of EGP 135.7 million at…
Egypt’s Foreign Reserves Fell On Paying Debts To Paris Club Member Countries
Egypt’s foreign reserves fell to US$ 13.6 billion last January after paying the half-yearly installment of US$ 700…
Renewing Relations With Iran Not To Affect IMF Loan Deal: Ismail Hassan
One of that International Monetary Fund’s main aim is to assist crisis-hit economies with soft loans, said Ismail…
Finance Ministry Sells 182-, 364-Day T-Bills Worth EGP 6.5 Bln On Thursday
The Egyptian Ministry of Finance sold 182- and 364-day T-bills worth EGP 6.5 billion on Thursday. The Ministry…
Housing & Development Bank Targets Achieving 325.9 Mln Net Profit In 2013
The Housing & Development Bank is expected to achieve net profit of EGP 325.9 million at the end of 2013,…
Faisal Bank’s Finances Fell To EGP 3.21 Bln At End-2012
Faisal Islamic Bank of Egypt’s funds and balances held at the Central Bank of Egypt (CBE) fell 13.3% (EGP 451.6…
CBE Offers US$ 50 Mln To Local Banks At 3rd FX Auction Under Ramez’s Leadership
The Central Bank of Egypt (CBE) has offered US$ 50 million to local banks in its 19th FX auction and the third one…
Fitch May Cut Egypt Rating Again Depending On Election
Egypt is at risk of a further credit rating downgrade if the country does not manage to hold parliamentary…
Crédit Agricole Egypt Reshuffles Board of Directors
Crédit Agricole Egypt has announced a reshuffle of its board of directors. Thierry Simon was appointed a member of…
Local Liquidity Hit EGP 1.147 Trillion End-Nov. 2012: CBE
The Egyptian banking sector’s local liquidity rose by EGP 1.147 trillion at the end of last November, compared with…