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Money
NBE Freezes Negotiations Over Settling Taysir El-Hawari’s Debts
The negotiations between the National Bank of Egypt (NBE) and the loan-defaulting businessman Taysir El-Hawari, who…
Agricultural Credit Bank Plans Launching Sukuk In 2012
The Principal Bank for Development and Agricultural Credit targets to launch new sukuk instrument before the end of…
NBE May Incur EGP 400 Mln Loss On Loan To National Gas
The National Bank of Egypt (NBE) may incur a loss of EGP 400 million, which is the value of loans offered to the…
QNB ‘Scraps’ BNP Egypt Chase To Focus On Socgen Network
QNB has dropped its interest in buying the Egyptian operations of France’s BNP Paribas, favouring instead the…
AMIG Insures Two Projects Of South Cairo Electricity Generation Co.
Arab Misr Insurance Group (AMIG) will issue a new insurance policy for the South Cairo Electricity Generation…
SFD Lends Youths At 0% Interest Rate
The Social Fund for Development (SFD) will implement a new system to provide youths with Musharaka, Murabaha and…
Swiss Re : the scale of longevity risk is too vast for insurers alone without the…
A liquid capital market in longevity risk can ensure long-term funding of people's longer lives, says Swiss Re's…
Yields Tumble At Egypt 91-, 266-Day T-Bill Auction
The average yields on 4.5 billion Egyptian pounds ($738.49 million) of 91- and 266-day treasury bills fell sharply…
United Bank Signs First Two Islamic Finance Contracts
The United Bank of Egypt signed the first two sharia-compliant syndicated loan contracts, said Mohamed Ashmawy, the…
Agricultural Credit Bank’s Islamic Units Achieved EGP 5.4 Mln Budget Surplus
The Principal Bank for Development and Agricultural Credit’s Islamic units achieved budget surplus of EGP 5.455…