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Banks
Gulf Banks Ready To Invest In Egypt
Gulf banks are betting on Egypt despite anti-government protests continuing in several cities. Hot on the heels of…
UBS Faces Hong Kong Investigation
Hong Kong has launched an investigation into "possible misconduct" by UBS in submissions for Hong Kong's inter-bank…
Emirates NBD To Buy BNP Paribas’ Egypt Arm For $500 Mln
Emirates NBD, Dubai's largest lender, has agreed to buy a 95.2 percent stake in BNP Paribas' Egyptian arm from the…
Banque Misr Launches Two Branches In Mokattam, Hurghada
Banque Misr has inaugurated two branches in Mokattam and Hurghada. The bank has more than 470 branches which are…
Housing & Development Bank Chairman Obligated To Pay Back Profit Shares
The General Assembly of the Fatwa and Legislation sections in the State Council headed by the counselor Hamdy…
Agricultural Credit Bank To Launch Islamic Retail Banking Products In January
The Principal Bank for Development and Agricultural Credit targets to expand in Sharia-compliant retail banking…
Egypt-IMF Talks To Be Resumed After New Year’s Holiday: El-Okdah
Dr. Farouk El-Okdah, Governor of Central Bank of Egypt (CBE), reviewed in his quarterly meeting with chairmen of…
Suez Canal Bank’s Islamic Transactions Hit EGP 900 Mln
Suez Canal Bank’s Islamic banking transactions surged by EGP 200 million during the period from the end of…
Banque Du Caire 5th Largest Deposit Holder, 7th Lender In Egypt
Banque Du Caire achieved good results in the last nine months, raising its loan and deposit market shares, sources…
Egypt Seeks $1.7 Billion In Debt Sales As Charter Vote Advances
Egypt plans to raise 10.5 billion Egyptian pounds ($1.7 billion) over the next week from Treasury bill sales as it…