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Money
Global Economy Is Deteriorating: IMF’s Chief
The head of the International Monetary Fund expressed concern on Friday at a deterioration in the global economy,…
ECB Cuts Interest Rates..Fuelling Talks Of QE
The European Central Bank’s step into the world of zero interest rates is fueling speculation it may…
Non-Performing Loans Hit 7% By End of FY2011/12: NBE
The National Bank of Egypt (NBE)’s non-performing loans have witnessed a decline by the end of the fiscal year of…
CBE: Yield On EGP 6 Bln T-Bills Drops
The Central Bank of Egypt (CBE) said the yields declined on EGP 6 billion ($990.9 million) in treasury bills sold…
Arrangers Of Al Nouran Sugar Loan To Sign Memorandum Of Conditions Next Week
A consortium led by National Bank for Development (NBD), Bank Audi and Banque Misr finalized the memorandum of…
NBE: Islamic Deposits Reach EGP 1 Bln
The National Bank of Egypt (NBE) said the volume of Islamic deposits reached EGP one billion and loan-to-deposit…
Omani Bank Muscat To Raise US$ 251.5 Mln From Rights Issue
Bank Muscat, the flagship financial institution in Oman, is all set to raise RO 96.7 million (US$ 251.50 million)…
Barclays’ Diamond Blames Regulators
Robert Diamond, who quit this week as chief executive officer of Barclays Plc (BARC), sought to blame other banks…
Egyptian Takaful: Investments Registers EGP 232 Mln In FY 2011/12
The initial financial results of the Egyptian Takaful-Property for the FY 2011/2012 showed that the volume of…
CréditAgricole Egypt Hosts Conference to Support Egyptian Import and Export
CréditAgricole Egypt hosted a seminar today titled "Supporting Trade and Investment" for Egyptiancompaniesin…