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Foreign Banks Hold US$ 800 Bln Of Arab Funds: Economic Expert
Dr. Salah Gouda, Economic Adviser to the European Commission, stated that the value of Arab funds held by foreign…
NBE Finances White Taxi Project Phase III With EGP 150 Mln
The National Bank of Egypt (NBE) targets to contribute EGP 150 million to the loans offered to finance the third…
Egypt says Qatar asking 5 pct interest on $3 bln bonds
Qatar is asking for 5 percent interest and an 18-month maturity on $3 billion in bonds it has offered to buy from…
Finance Ministry Raises EGP 1 Bln In T-Bonds On Monday
The Egyptian Ministry of Finance sold 5- and 7-year treasury bonds worth EGP one billion on Monday. The yields on…
Abu Dhabi Islamic Bank Egypt Achieves EGP 10.2 Mln Net Profit In Q1
Abu Dhabi Islamic Bank – Egypt achieved profitability in the first quarter of 2013 for the first time in its…
Egypt’s Central Bank Offers US$ 40 Mln At Monday’s FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million on Monday to local banks at its 52nd FX auction and the 36th…
Finance Ministry Seeks Technical Support For Sukuk From CitiBank
The Egyptian Ministry of Finance will meet on Tuesday officials from CitiBank for the fourth time to discuss…
Four Banks Raise Interest Rate On White Taxi Loans To 13.5%
The National Bank of Egypt (NBE), Banque Misr, Alex Bank Intesa Sanpaolo and Nasser Social Bank have raised…
Egyptian Dollar CDs Attract US$ 194 Mln In A Year
The Egyptian dollar-denominated certificate of deposit launched by the National Bank of Egypt (NBE) on behalf of…
Finance Ministry Sells 91-, 266-Day T-Bills Worth EGP 6 Bln On Sunday
The Egyptian Ministry of Finance sold 91- and 266-day treasury bills worth EGP 6 billion. The Ministry raised EGP 3…