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CBE Conducts 18th FX Auction On Wednesday
The Central Bank of Egypt (CBE) has decided to conduct its 18th FX auction and the second one since the appointment…
Shura Council’s Economic Committee Approves €60 Mln Loan From EU,EIB
The financial and economic committee of the Shura Council (upper house of parliament) headed by Dr. Mohamed El-Feky…
Hesham Kandil To Name New Chairman For NBE In Two Days
The Egyptian Prime Minister Hesham Kandil will approve the appointment of a new chairman for the National Bank of…
Egypt’s Foreign Reserves Fell To US$ 13.6 Bln, Registering Record Since 1990s
Egypt’s foreign reserves retreated to US$ 13.613 billion at the end of last January, compared with US$ 15.014…
Cabinet To Approve Sukuk Law On Wednesday
Egypt's Cabinet headed by the Prime Minister Hesham Kandil will approve the final draft of the sukuk law in its…
Fitch Downgrades CIB, NBE To ‘B’; Outlook Negative
Fitch Ratings has downgraded the Long-term foreign currency Issuer Default Ratings (IDR) of National Bank of Egypt…
NBE Raises Return On Platinum Savings Certificate To 12.5%
The National Bank of Egypt (NBE) has raised returns on its three-year platinum savings certificates from 10.5% to…
BMI Bank Reports Profit Of USD 1.3 Million
Bahraini retail and commercial banking institution, BMI Bank today announced its financial results reporting a net…
Bank Muscat Opens New Branch In Royal Opera House
Bank Muscat , the flagship financial services provider in the Sultanate, yesterday opened a state-of-the-art branch…
Finance Ministry Sold 5-, 7-Year T-Bonds Worth EGP 1.5 Bln
The Egyptian Ministry of Finance sold 5- and 7-year T-bonds worth EGP 1.5 billion on Monday. The Ministry stated on…