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Industrial Development Bank To Ask For Islamic Banking License
The Industrial Development and Workers Bank of Egypt considers asking the Central Bank of Egypt (CBE) for a license…
Bank Of Baroda Opens Its Fourth Branch In Sohar
Bank of Baroda, one of the biggest Indian banks, has opened its fourth branch in Sohar on Sunday. Bank of Baroda is…
Barclays New Boss Pledges Reforms To Rebuild Reputation
The new boss of Barclays, Antony Jenkins, has said that he will be quick and bold in making reforms at the bank.…
Banque Misr Offers EGP 200 Mln To East Delta Electricity Company
Banque Misr approved to contribute EGP 200 million to the Islamic syndicated loan amounting to EGP 720 million (US$…
Volume Of Islamic Banking Reached EGP 94.5 Bln In Egypt: Hermes
Khalil El Bawab, Director of Fixed Income at EFG Hermes Asset Management, said the Egyptian market needs more sound…
Foreign Investments Down To US$ 2.1 Bln In FY 2011/12: CBE
The net inflows of foreign direct investments to Egypt reached US$ 2.1 billion in FY 2011/2012, down from US$ 2.2…
Egypt Balance Of Payments Gap Widens To $11.3 Bln
Egypt's balance of payments deficit widened to $11.3 billion in the financial year to June from $9.8 billion in the…
Banque Misr Secures Approval To Offer Ijara, Musharaka Mutanaqisa Services
Banque Misr has secured an approval from the Central Bank of Egypt (CBE) to offer Ijara Muntaheya Bettamleek…
Qandil Says Egypt To Sell Sukuk After New Law Is Approved
Prime Minister Hisham Qandil said Egypt plans to sell sukuk, or Islamic bonds, after new legislation on the debt…
Kuwait International Bank Supports Islamic Economics Higher Studies Fund
Kuwait International Bank has recently announced that it has provided financial contribution to the Islamic…