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Banks
Al Futtaim Asks HSBC, CIB To Arrange EGP 2 Bln Loan
Al Futtaim Group has asked HSBC Bank Egypt and Commercial International Bank (CIB) to take faster steps to arrange…
AAIB Disbursed Yellow Remittances Worth EGP 437 Mln
The Arab African International Bank (AAIB) disbursed EGP 437 million worth of 114,000 yellow remittances as of…
NBD Signs 1st Shari’a Compliant Syndicated Financing Deal At US$ 110 Mln
As part of its leading role in the Egyptian Islamic Banking Sector, the National Bank for Development (NBD)…
Barclays To Axe 3,700 Jobs In Strategic Overhaul
Barclays is to axe at least 3,700 jobs and prune its investment bank under a restructuring plan launched by its new…
CBO Alert On Fake Currency
The Central bank of Oman (CBO), Oman's apex banking regulatory authority, has issued a precautionary notice to all…
Finance Ministry Offers EGP 2.5 Bln T-Bonds On Banks’ Higher Demand
The Egyptian Ministry of Finance increased the value of T-bonds it offers at auctions on Monday from EGP 1.5…
BADEA Grants NBE US$10 Mln To Finance Arab Exports To African Countries
The Arab Bank for Economic Development in Africa (BADEA) and the National Bank of Egypt (NBE) signed a US$10…
NBE Disburses Yellow Remittances Worth EGP 463 Mln
The National Bank of Egypt (NBE) disbursed EGP 463 million worth of 121,800 yellow remittances as of February…
Samcrete Egypt Seeks Receiving Letter of Guarantee Worth EGP 400 Mln
Samcrete Egypt Engineers & Contractors (SMCS.CA SMCSA.CA) has asked banks in Egypt to provide it with letter of…
CBE Offers US$ 40 Mln To Local Banks At Its 20th FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks so as to address dollar shortage at the…