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On Food Prices’ Increases, Egypt Reports Higher Inflation rates
Egypt’s inflation rate accelerated in February on rising food prices, one of the causes of unrest that toppled…
Mashreq Posts 42% Emiratisation
Mashreq reported 42 per cent of Emirati workforce across the bank, an increase from 2011. The bank’s latest…
Banks’ credit facilities grow EGP 3.4 bn in December
Credit facilities granted by banks in Egypt increased by 3.4 billion, or 0.7%, in December as it reached EGP 489.7…
UBE participates in Developing SMEs Conference at Ain Shams University
United Bank is participating in Developing and Supporting SMEs Conference, organized by Ain Shams University at its…
CBE: Debt to GDP reaches 72% at the end of Q4
Public debt increased to EGP 1.132 trillion, 72.2% of the total GDP which is EGP 1.570 trillion in the fiscal year…
Ashraf Salman: 90% of Investment Funds are investing in fixed income instruments
Ashraf Salman, CEO of Cairo Holding for Financial Investments, said that there are 70 investment funds in Egypt in…
Faisal Bank sells 14.8% of Al Kholoud For Real Estate Investment
Faisal Islamic Bank sold 524.454 shares of its capital shares of Al Kholoud For Real Estate Investment, which is…
Industrial Development Bank eyes 25% growth in 2012 retail banking portfolio
Industrial Development and Workers Bank aims that retail banking portfolio will achieve a 25% increase this year,…
National Bank signs EGP 200m contract with Social Fund
National Bank of Egypt plans to sign a contract in value to EGP 200m with Social Fund for Development to finance…
StanBank’s Profit Rises 22% After Job Cuts
Standard Bank Group Ltd (SBK)., Africa’s largest lender, said full-year profit rose 22 percent after the company…