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Banks
Banks Supply ATMs With More Funds In Easter Holiday
As banks in Egypt close their doors for four consecutive days from last Friday to Monday on the occasion of Easter…
Bank Audi Contributes US$ 22 Mln To Best African Loan In 2012
Bank Audi Egypt has approved contributing to the US$ 1.250 billion loan arranged for the Egyptian Ethylene and…
Egypt Seeks To Raise Foreign Reserves To US$22 Bln By June, 2014
The Egyptian government plans to increase foreign reserves to US$ 22 billion by the end of the next fiscal year.…
EGB, Bank Audi Join Consortium Funding MAF Holding
The Egyptian Gulf Bank (EGB) and Bank Audi Egypt have approved to seize EGP 320 million of the shares of the…
Islamic Banking Hit EGP 102 Bln In Egypt At End-Jan. 2013
Mohamed El-Beltagy, head of the Egyptian Islamic Finance Association, stated that the volume of Islamic banking in…
Industrial Development Bank Cooperates With NBE To Finance 45,000 Bakeries
The Industrial Development and Workers Bank of Egypt plans to cooperate with the National Bank of Egypt (NBE) in…
Finance Ministry Raises 8 Bln In Treasury Bills, Bonds
The Egyptian Ministry of Finance sold 182- and 364-day treasury bills each worth EGP 3.5 billion on Thursday. The…
HDB Sets Up Real Estate Development Company With LYD 10 Mln Capital
The Housing and Development Bank (HDB) has announced that it will establish a real estate and tourism development…
EALB Sole Contributor To Egyptian Steel Loan
Banque Misr and Bank Audi Egypt asked all Islamic banks and some of the conventional banks to contribute to the EGP…
Egypt’s Central Bank Offers US$ 40 Mln At Thursday’s FX Auction
The Central Bank of Egypt (CBE) offers today US$ 40 million to local banks at its 53rd FX auction and the 37th one…