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Islamic Funds and Investments Industry Witnesses Rapid Global Expansion
More than 400 key players, regulators and thought leaders in the global Islamic funds and investments industry are…
S&P Cuts Rating On Four Egyptian Banks On Debt Risk
Standard & Poor's cut its rating on four Egyptian banks on Tuesday, saying they held a large amount of…
NBE Denies Taking Legal Action To Prevent Ayoub From Traveling
The National Bank of Egypt (NBE) has no relation with the arrest of Ayoub Adly Ayoub, chairman of Remco for…
CIB Withdraws From Consortium Arranging Loan For National Port Said Steel Co.
The Commercial International Bank (CIB) has decided to withdraw from the consortium, comprised of the National Bank…
Remco Pays Off US$ 16 Bln Debt To Misr Iran Bank In 2014
Remco for Touristic Villages Construction will finalize paying all installments of its US$ 16 million debt to Misr…
Egypt’s Central Bank Forms 2 Committees To Study Applying FATCA
The Central Bank of Egypt (CBE) has decided to form two committees to study the application of Foreign Account Tax…
Barclays Egypt Launches Africa Graduate Development Program
Barclays Egypt has launched Africa Graduate Development Program to develop and advance the skills of its leading…
National Bank For Development Changes Name To Abu Dhabi Islamic Bank-Egypt
The National Bank for Development has changed its name to Abu Dhabi Islamic Bank – Egypt on April 3rd, 2013. The…
Egypt’s Central Bank Meets With Banks’ Chairmen To Discuss FATCA Law
The Central Bank of Egypt (CBE) has started its meeting with chairmen of banks and officials of compliance…
Global Islamic Banking Valued At US$1.5 Trillion At End-March: El-Beltagy
The Chairman of Egyptian Islamic Finance Association, Dr. Mohamed El-Beltagy, has revealed that the volume of…
