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Money
ADIB Egypt wins Best Islamic Bank awards from IBF, Banker Africa
Two prestigious magazines have recently named Abu Dhabi Islamic Bank (ADIB) – Egypt as the best Islamic bank in the…
Italy’s Monte Paschi to issue $15.8 bln in debt after EU approves support: Paper
Italy's third biggest lender Banca Monte dei Paschi di Siena, which is being bailed out by the state, plans to…
BoP registers surplus of $1.9 billion in Q1 2016/17: CBE
Egypt's overall balance of payments (BoP) registered a surplus of $1.9 billion in the first quarter of the current…
CBE keeps key interest rates unchanged
Egypt’s central bank kept its key interest rates unchanged on Thursday, holding fire on further action until the…
Banque Misr pumps 900mn Egyptian pounds for low-income housing projects
Egypt’s second largest bank, state-owned Banque Misr has pumped 900 million Egyptian pounds ($49.2 million) to…
Orient Takaful Egypt studies launch of microinsurance, medical products
Egypt’s Orient Takaful Insurance Company is studying to launch two new products in the market, one for medical…
Egypt parliament endorses World Bank $500mn deal for Upper Egypt scheme
The Local Administration Committee at the Egyptian Parliament has endorsed Wednesday the World Bank’s $500 million…
Faisal Islamic Bank raises $40 million since Egypt pound float move
Egypt’s Faisal Islamic Bank has collected around $40 million since Nov.3 decision to freely float Egyptian pound…
United Bank partners with SCZone to support Suez Canal investors
The state-run United Bank of Egypt has signed Wednesday a partnership with the General Authority for Suez Canal…
Allianz appoints new CEO for Egypt
German insurer Allianz said Wednesday it appointed Antoine Issa chief executive for Egypt. Issa will succeed Udo…