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Money
NBE, Piraeus To Offer Bridge Loan Worth EGP 150 Mln To EDEPC
The National Bank of Egypt (NBE) signed last week a contract on providing a bridge loan worth EGP 150 million for…
EFSA Approves Appointment Of Yehia Abdel Ghaffar As MD Of CIS
The Egyptian Financial Supervisory Authority (EFSA) approved last Thursday the recruitment of Yehia Abdel Ghaffar…
Alex Bank Eyes 15% Growth In SMEs Portfolio By H2 2012
Alex Bank-Intesa Sanpaolo targets to increase SMEs loans portfolio by 15% in the second half of the current year,…
IDBE To Sign Finance Contract Worth EGP 25 Mln With SFD
The Industrial Development and Workers Bank of Egypt (IDBE) targets to sign finance contact worth EGP 25 million…
UAE Ctrl Bk Tells Lenders To Hold 10% Of Liabilities In Liquid Assets
The United Arab Emirates central bank is preparing local lenders for new Basel III banking supervision standards by…
Piraeus Egypt Raises Capital By EGP 200 Mln Within Days
Piraeus Bank-Egypt intends to increase its capital in the next few days by EGP 200 million to reach EGP 1.438…
Key Dubai Shareholder Opts Out Of Bank Muscat Rights Sale
Dubai Group, the investment vehicle owned by the emirate's ruler and second-largest shareholder in Bank Muscat, has…
Egypt Economy Grows 1.8% In H1
Egypt’s economy grew between 1.8 and 2 percent in the fiscal year that ended in June 2012, the country’s finance…
NBE Signs 2nd Debt Settlement Agreement With Magdi Yacoub
The National Bank of Egypt (NBE) signed the final agreement of the second stage of settling bad debts owed by the…
IMF: Libya Economic Growth Doubling This Year
Libya’s economy is likely to rebound sharply this year from a deep contraction in 2011 as the country rebuilds from…