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Banks
NBE’s Direct Loans To Petroleum Hit EGP 25 Mln At End-April 2013
The National Bank of Egypt’s (NBE) direct loans for petroleum sector rose to EGP 25 billion at the end of last…
Barclays Egypt’s Net Profit 126.5% Up In Q1
Barclays Bank-Egypt’s net profit rose 126.5% (EGP 64.3 million) to reach EGP 115.09 million at the end of the…
Egypt’s Central Bank Offers US$ 40 Mln At Wednesday’s FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Wednesday at its 61st FX auction and the…
IMF Didn’t Set Date For Signing Loan Agreement With Egypt: Hisham Ramez
The Governor of the Central Bank of Egypt, Hisham Ramez, said the present government is the first one which works…
Egypt Sets Up $12 Bln bond program, Eyes Sukuk Early 2014
Egypt aims to issue its debut sovereign Islamic bond, or sukuk, early next year, which could help ease pressure on…
Banks Asked To Deposit EGP 6 Bln Into CBE On Tuesday
The Central Bank of Egypt (CBE) has asked for US$ 6 billion worth of seven-day deposits at a fixed interest rate of…
Alex Bank Mulls Contributing EGP 100 Mln To MAF Loan
Alex Bank Intesa Sanpaolo considers contributing EGP 100 million to the EGP 3 billion loan arranged for Majid Al…
EFSA, CBE Asked By Finance Ministry To Suggest Sukuk Rules
The Egyptian Ministry of Finance is close to finalizing the first draft of the executive regulation of sukuk law as…
Barwa Bank Joint Lead Manager On Albaraka Turk Participation Bank Sukuk Issuance
Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, has acted as Joint Lead Manager on Albaraka Turk…
Ali Gomaa Says Islamic Economy Depends On Free Markets
Ali Gomaa, former Grand Mufti of Egypt, said Islam prohibits monopoly and its economy is based on free markets,…
