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Directing Yield Of Sukuk To Financing Budget Deficit Is Dangerous: Ali Lotfi
The Former Prime Minister Ali Lotfi has warned that directing the yield of sukuk to finance the budget deficit will…
Industrial Development Bank’s Retail Loans Hit EGP 108 Mln In 2012
The Industrial Development and Workers Bank of Egypt’s retail loan portfolio reached EGP 108 million at the end of…
CBE Offers US$ 75 Mln To Local Banks On Tuesday FX Auction
The Central Bank of Egypt (CBE) offers US$ 75 million to local banks on Tuesday at its 13th FX auction, with a…
United Bank Holds 2nd Conference On Islamic Sukuk Law On Tuesday
The United Bank – Egypt will hold on Tuesday a conference titled “Islamic Sukuk Finance between Reality and…
Egypt Central Bank Allows Temporary Foreign-Currency Facilities
Egypt’s central bank said it’s allowing banks to temporarily provide clients with facilities in foreign currency…
NBK Reports Net Profits Of $1,085m In 2012
National Bank of Kuwait (NBK), the Kuwaiti bank and the highest-rated in the Middle East, reported net profits of…
UAE C.Bank Confirms Won’t Impose Mortgage Caps
The United Arab Emirates central bank has confirmed it will not impose limits on mortgage loans without consulting…
Bank Of Japan Adopts Firm Target Of 2% Inflation
The Bank of Japan on Tuesday announced a major change in its policy stance, adopting a target to achieve a 2%…
Egypt Cancels Sale Of T-Bonds Worth EGP 2 Bln On Monday
The Egyptian Ministry of Finance failed on Monday to sell T-bonds worth EGP 2 billion because banks have demanded…
NBE Allocates EGP 120 Mln For 55 Brick Factories In Behira
The National Bank of Egypt (NBE) allocated EGP 120 million to finance 55 brick factories in Behira City in order to…