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Money
United Bank To Raise Loans Portfolio To EGP 4 Bln By End Of 2012
The United Bank targets to inject EGP 600 million in its loans and credit facilities portfolio, raising it to EGP 4…
Insurance House Half Year 2012 Net Profit Reaches Dhs6.33m
Insurance House PSC (IH) has maintained its remarkable growth trajectory by registering a net profit of Dhs6.33m…
IMF To Assess Economic Spillovers In New Monitoring Rules
The International Monetary Fund approved changes to its annual economic surveillance rules on Wednesday that now…
AMIS Selects An Insurance Company To Manage Accountants Healthcare Program
Accountants Company for Management and Integrated Services (AMIS) will choose an insurance company to manage its…
Competitors Over Acquiring Solidarity Did Not Submit Purchasing Offers: EFSA
The Egyptian Financial Supervisory Authority (EFSA) affirmed it did not receive any official purchasing offers to…
Tarek Amer: NBE FY2011 Net Profits Hit EGP 2.6 Bln
Tarek Amer, chairman of National Bank of Egypt (NBE), said the bank has posted net profits of EGP 2.6 billion…
Banque Misr Launches Durable Goods Finance Program
Banque Misr has launched a program for financing durable goods (furniture, electric devices, etc...) through…
NBE’s Dollar Liquidity Registers US$ 1.9 Bln
The National Bank of Egypt (NBE) offered finances of US$ EGP 2 billion to the government in the period that…
Egypt’s Banks Announce Working Hours During Ramadan
During the month of Ramadan the working day for clients in Egypt’s banks will end at 1.30pm rather than the usual…
NBE Collected EGP 82 Bln Taxes Electronically In FY 2011/12
The National Bank of Egypt (NBE) succeeded in collecting about EGP 82 billion in taxes electronically in FY…