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World Bank Sees Asian Recovery As Worst Over For China: Economy
The World Bank said growth in East Asia’s emerging nations will accelerate next year as China’s economy recovers,…
CBE’s Farouk El-Okdah Left For Paris
Farouk El-Okdah, Governor of the Central Bank of Egypt, traveled to Paris today. Nidal Assar, Deputy Governor of…
Banque Misr Offers Durable Goods Loans Up To EGP 500,000
Banque Misr allows its customers to purchase durable goods (furniture, electric devices, etc...) through funding…
UBS Fined $1.5bn For Libor Rigging
Swiss banking giant UBS has agreed to pay $1.5bn (£940m) to US, UK and Swiss regulators for attempting to…
NSGB Asks 8 Banks To Lend Delta Company For Fertilizers US$ 420 Mln
National Société Générale Bank, financial adviser of Delta Company for Fertilizers and Chemical Industries, asks…
Industrial Development Bank Negotiates With CIB To Tap Into Foreign Loans
The Industrial Development and Workers Bank of Egypt is in talks with the Commercial International Bank (CIB) to…
NBE To Receive US$ 80 Mln Loans From Chinese Banks Next January
The National Bank of Egypt (NBE) currently conducts negotiations with a number of Chinese banks to receive loans…
Banque Du Caire’s 9-Month Net Profit 1295% Up
Banque Du Caire’s net profit rose by 1295% during the first nine months of 2012 as it reached EGP 614 million at…
Loan Arrangers, KIMA Review Final Loan Agreement
The National Bank of Egypt (NBE), Commercial International Bank (CIB), Banque Misr, Banque Du Caire and Arab…
Fitch Affirms QNB At A+ Upon Acquisition Announcement
Fitch Ratings has affirmed Qatar National Bank’s (QNB) long-term issuer default rating (IDR) at A’ with a stable…