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Banks
Finance Ministry Offers 91-, 266-Day T-Bills Worth EGP 5.5 Bln
The Egyptian Ministry of Finance offers on Sunday 91- and 266-day T-bills worth EGP 1.5 billion and EGP 4 billion,…
Sukuk Allows Young Investors To Invest In Infrastructure Projects
The draft sukuk law, expected to be approved soon, will enable low-income people to invest their funds in Egypt’s…
NBE In Talks With SFD To Secure EGP 400 Mln For SMEs
The National Bank of Egypt (NBE) currently conducts negotiations with the Social Fund for Development (SFD) to sign…
Suez Canal Bank To Launch Three New Branches In 2013
Suez Canal Bank has received the Central Bank of Egypt’s (CBE) approval to launch three new branches this year to…
Moody’s Downgrades Five Egyptian Banks, Maintains Review
Moody's Investors Service has downgraded the ratings of five Egyptian banks. The affected banks are: --- National…
Export Development Bank’s Assets Rose EGP 14.69 Bln At End-2012
The Export Development Bank of Egypt’s assets surged EGP 1 billion to reach EGP 14.69 billion at the end of last…
Finance Ministry Sold 182-, 357- Day T-Bills Worth EGP 6.5 Bln
The Egyptian Ministry of Finance sold 182- and 357- day T-bills worth EGP 2.5 billion and EGP 4 billion on…
El-Okdah’s FX Auction Reason Behind Dollar Shortage: Ali Fayez
Ali Fayez, former general manager of Federation of Egyptian Banks (FEB), stated that the FX auction mechanism,…
Arab African International Bank receives an International recognition in Sustainability…
In view of strenuous efforts to embed sustainability in its business practices, Arab African International Bank…
EALB’s Corporate Certificates Attract EGP 333 Mln In Two Months
The Egyptian Arab Land Bank’s (EALB) corporate certificates of deposit attracted deposits worth EGP 333 million…