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Banks
EGB Announces Ali Shaker’s Resignation
Egyptian Gulf Bank (EGB) revealed in a statement today to the Egyptian Exchange (EGX) that Ali Shaker, CEO and…
Vodafone Egypt To Secure €30 Mln Loan From 3 Banks
Vodafone Egypt targets to secure a credit facility ranging from €25 million to €30 million in the next few days.…
Egypt Offers Banks US$75 Mln At Maiden Foreign Currency Auction
The Central Bank of Egypt (CBE) said it was offering $75 million at its first foreign currency auction on Sunday,…
Piraeus Bank Egypt’s Loans Down To 3.9 Bln By End Of Q3
Piraeus Bank Egypt’s portfolio of loans and credit facilities dropped by 2.14% to reach EGP 3.9 billion at the end…
Egypt’s Central Bank: Reserves At “Critical” Level
The Central Bank of Egypt says the country's foreign currency reserves are at a "critical" minimum level. The bank…
5 Banks To Sign Finance Agreement With Egyptian Steel Group Next February
Société Arabe Internationale de Banque (SAIB), United Bank and Egyptian Arab Land Bank (EALB) have approved to…
QNB Group: Developing East Asia Holds The Economic Bright Spots For 2013
The Global economic outlook continues to be revised downwards for 2013, due to weaker growth in advanced economics,…
CBE To Start Foreign Exchange Auctions As Reserves Plunge
The Central Bank of Egypt (CBE) will start foreign-exchange auctions today in order to preserve foreign reserves…
CBE Financed Egypt’s Main Needs With US$ 35 Bln In Two Years
The Central Bank of Egypt (CBE) revealed that it financed the country’s main needs during the period from January…
Ali Shaker Rejects Contract Renewal With EGB
Ali Shaker, CEO and managing director of Egyptian Gulf Bank, will leave his post because his contract will be…