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Egypt Sells EGP 6 Bln T-Bills On Wednesday
The Egyptian Ministry of Finance sold 182- and 364-day T-bills worth EGP 6 billion in an auction today. The yield…
Gulf Banks Look For Acquisitions In Egypt And Turkey To Grow
As protests flared again on the streets of Egypt last month, senior bankers from two GCC lenders were inking deals…
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…