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QNB Says Free Trade Agreement Likely Boost Inter-Arab Trade
THE trade of the 18 countries in the Greater Arab Free Trade Area (GAFTA) grew 11 percent in 2012 to $2.1 trillion,…
Finance Minister To Inaugurate Sukuk Practical Applications Conference Tomorrow
The Egyptian Minister of Finance Fayad Abdel Monem will inaugurate on Sunday the Practical Applications of Sukuk…
CBE Kept Interest Rates Unchanged On Low GDP, Retreating Investment Rates
The Central Bank of Egypt’s (CBE) Monetary Policy Committee has left overnight deposit and lending rates unchanged…
Hyde Park Loan Arrangers Sign Definitive Agreement In Days
The National Bank of Egypt (NBE) has asked other banks to contribute EGP 850 million to the EGP 1.3 billion loan…
Lowering Egypt’s Credit Rating Not To Impact IMF Talks: Ismail Hassan
Downgrading Egypt’s long-term sovereign credit rating from B- to CCC+ and short-term rating from B to C with stable…
Finance Ministry Raises EGP 6.5 Bln In 182-, 357-Day T-Bills
The Egyptian Ministry of Finance has sold 182- and 357-day treasury bills worth EGP 6.5 billion on Thursday. The…
Arab International Bank To Start Dealing In Egypt Pound In H2
The Arab International Bank (AIB) is in the final organizational stages to start conducting transactions in…
Abu Dhabi Islamic Bank – Egypt Announces Q1 2013 Financial Results
The Q1 financial results for Abu Dhabi Islamic Bank – Egypt (ADIB – Egypt- Previously the National Bank for…
Housing & Development Bank Contributes EGP 300 Mln To Mobinil Loan
Housing and Development Bank (HDB) has approved to contribute EGP 300 million to the EGP 2.9 billion loan arranged…
Egypt’s Central Bank Offers US$ 40 Mln At Last FX Auction This Week
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks at its 55th FX auction and the 39th…