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Banks
Egypt Advances EGP 6 Bln T-Bills Auction To Wednesday
The Egyptian Ministry of Finance decided to advance an auction to sell T-bills from Thursday which will correspond…
Hisham Ramez To Stay As CBE Governor Till November 2015
The newly-appointed Governor of the Central Bank of Egypt (CBE) Hisham Ramez said he will officially assume his…
National Port Said Steel To Secure EGP 1.1 Bln Loan From 4 Banks
The National Port Said Steel Company (NPSS) is seeking a long-term finance worth EGP 1.1 billion from a consortium…
Bank Sohar Discusses Strategy For 2013
Branch leaders from Bank Sohar recently held their first meeting of 2013, headed by Khalfan Rashid al Taley, DGM of…
NBO’s Al Kanz Millionaire Plans To Expand Business
National Bank of Oman ( NBO ), winner of the Bank of the Year Oman Award 2012, from The Banker magazine UK,…
United Bank’s Sharia Board Fears Sukuk Investments May Violate Islamic Principles
Mohamed Nabil Ghanayem, head of the Sharia board at the United Bank, opposes the omitting of the word “Islamic”…
Directing Yield Of Sukuk To Financing Budget Deficit Is Dangerous: Ali Lotfi
The Former Prime Minister Ali Lotfi has warned that directing the yield of sukuk to finance the budget deficit will…
Industrial Development Bank’s Retail Loans Hit EGP 108 Mln In 2012
The Industrial Development and Workers Bank of Egypt’s retail loan portfolio reached EGP 108 million at the end of…
CBE Offers US$ 75 Mln To Local Banks On Tuesday FX Auction
The Central Bank of Egypt (CBE) offers US$ 75 million to local banks on Tuesday at its 13th FX auction, with a…
United Bank Holds 2nd Conference On Islamic Sukuk Law On Tuesday
The United Bank – Egypt will hold on Tuesday a conference titled “Islamic Sukuk Finance between Reality and…