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Banks
Banks Raise Returns On Savings Certificates To Attract More Liquidity
A number of bankers expected banks in Egypt to raise returns on savings certificates in the current period after…
Egypt’s Central Bank Agrees To Sell Both BNP Paribas And NSGB
An official involved in the BNP Paribas deal stated that the CBE had agreed in a meeting with its Board of…
CBE Delays 17th FX Auction Once Again After Hisham Ramez’s Appointment
The Central Bank of Egypt (CBE) has delayed its 17th FX auction on Monday for the second consecutive time, on the…
Egypt Offers 5-, 7- Year T-Bonds Worth 2 Bln On Monday
The Egyptian Ministry of Finance offers 5- and 7- year T-bonds each worth EGP 1 billion on Monday. The Ministry…
Al Hilal Fund Pays Dividend
Al Hilal Bank has announced the first dividend payout by its flagship fund, Al Hilal Global Sukuk Fund. The fund,…
Ahli Bank Reports A Net Profit Of QR 465.2 Million For The Year 2012
Ahli Bank Q.S.C. (ABQ) reported a highest ever net profit of QR465.2 million for the year 2012 (2011: QR442.2…
Gulf Banks Replace Europeans As Middle East Buyers, S&P Says
Gulf banks will remain big buyers of financial assets in the Middle East and North Africa, attracted by lower…
CBE: Banks’ Net Profits Hit EGP 14 Bln In 2012
The Central Bank of Egypt (CBE) stated that banks’ net profits surged 600% to reach EGP 14 billion at the end of…
Egypt Sells 91-, 266-Day T-Bills Worth EGP 4.5 Bln
The Egyptian Ministry of Finance sold on Sunday 91- and 266-day T-bills worth EGP 4.5 billion. The Ministry offered…
Today’s FX Auction Delayed To Monday On Hisham Ramez’s 1st Day At CBE
The Central Bank of Egypt (CBE) delayed conducting its FX auction to next Monday after Hisham Ramez assumes the…