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Banks
Deposits Held By Banking Sector Rose To EGP 1.035 Trillion In August
The volume of deposits held by the Egyptian banking sector witnessed an increase of EGP 46.457 billion (4.7%) in…
Egypt’s Local Liquidity Up To EGP 1.115 Trillion In August
The Central Bank of Egypt (CBE) stated that the local liquidity rose by EGP 13.3 billion (1.2%), registering EGP…
Credit Facilities Offered By Banks Hit EGP 505.5 Bln In August: CBE
The Central Bank of Egypt (CBE) has issued a report indicating that the value of credit facilities offered by the…
Loans Help Egypt FX Reserves Climb $441 Mln In October
Egypt's foreign reserves rose by $441 million in October after loans from Qatar and Turkey helped shore up state…
Yields Dip At Egypt Auction Of 3 And 7-Year Bonds
Yields fell at an auction of 1.5 billion Egyptian pounds ($245.8 million) of reopened three- and seven-year bonds…
Egypt’s Foreign Cash Reserves Up To US$ 15.4 Bln
Egypt’s foreign cash reserves rose by US$ 441 million, registering US$ 15.483 billion at the end of last October,…
Banque Misr, AIB, SAIB To Join NBE’s Industrial Pollution Control Project
Banque Misr, Arab Investment Bank and Société Arabe Internationale de Banque (SAIB) plan to enter a project…
Egyptian Arab Land Bank Considers Launching New Office In Jordan In 2013
The Egyptian Arab Land Bank (EALB) mulls launching a new office in Jordan in 2013, as part of the bank’s foreign…
National Bank For Development’s Islamic Finances Hit EGP 3.8 Bln In Q3
The National Bank for Development’s (NBD) Islamic finances (after deducting impairment losses) rose by EGP 724.4…
IMF Recommends Govt Let Pound Float, Officials Deny Devaluation Talk
An October report from IMF’s Tokyo meeting, which Egyptian officials attended, recommends that the government allow…