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Egyptian Dollar CDs Selling Period Extended For Six More Months
The Egyptian Ministry of Finance has extended the period of selling Egyptian dollar-denominated certificate of…
Egyptian Banks Won’t Go Through Cyprus Banking Experience; CBE Governor Affirms
The Egyptian banking sector is one of the strongest sectors in the country as it successfully overcame the latest…
Egypt Seeks US$ 2.5 Bln Qatari Deposit At 4.25% Interest Rate: Ramez
The interest rate on the US$ 2.5 billion 18-month Qatari deposit that will be injected to the Central Bank of Egypt…
Arab Aids Support Economy In Short Term, IMF Loan A Must: CBE Governor
Despite securing loans and deposits from a number of Arab countries, getting the US$ 4.8 billion loan from the…
Egypt’s High Foreign Debt Not Worrisome, Danger In Local Borrowing: Ramez
The Governor of the Central Bank of Egypt (CBE) Hisham Ramez affirmed that the increase in the value of Egypt’s…
SAIB Asks Banks To Contribute To Petroleum Marine Loan
Société Arabe Internationale de Banque (SAIB) has started to ask other banks to contribute to the US$ 50 million…
El-Garhy Quits From The National Investment Bank
Amr El-Garhy, Managing Director and CEO of the National Investment Bank, has submitted his resignation to the…
Industrial Development Bank Achieved EGP 32 Mln Profits In Q1 2013
The Industrial Development and Workers Bank of Egypt (IDBE) has finally approved the results of the first quarter…
Barwa Bank Wins Two Awards At Banker Middle East Product Awards 2013
Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking service provider, has been named the winner of…
J.P. Morgan Has Sold 2 Mln Ounces Of Comex Gold
J.P. Morgan accounts for nearly all of the physical gold sales that Comex in the last three months, blogger Mark…