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Capital Intelligence Cuts CIB Egypt’s Long-term Foreign Currency Rating to…
Global ratings agency Capital Intelligence has downgraded the long term foreign currency rating of Commercial…
Egypt Central Bank Raises $40 mln at FX Auction
The Central Bank of Egypt (CBE) has offered today its second foreign exchange auction for this week totaled US$ 40…
Despite Unrest, Egypt Central Bank Delays Its Repo Auction
Egypt's Central Bank (CBE) decided on Tuesday to postpone offering its repurchase agreements (Repo) for the third…
Analysis: With Gulf Aid, Egypt Economy Can Limp Through Crisis
Egypt's political crisis has dealt a blow to any hopes for a quick economic recovery, but aid from its Gulf allies…
Banque Du Caire Issues $60 Mln Letters of Credit For Crude Oil
Banque Du Caire has approved to provide $60 million letters of credit for the Egyptian General Petroleum…
Despite Turmoil, Egypt Central Bank Offers $40 mln at FX Auction
The Central Bank of Egypt (CBE) has offered today its first foreign exchange auction for this week totaled US$ 40…
Suez Canal Bank: EGP5 bln Loan Portfolio In June 2013
Suez Canal Bank’s loan portfolio and facilities hiked to EGP 5.002 billion by the end of June 2013 compared to EGP…
Jpmorgan Hiring In China Under U.S. Scrutiny: Report
U.S. authorities have opened an investigation into whether JPMorgan Chase & Co (JPM.N) hired the children of…
Egypt Commissioner’s Reviews With CBE’s & EFSA Selling NSGB Bank
Egypt State Commissioner's Authority is holding a session today in order to discuss the arguments of Central…
Banque Misr: 4 ATMs Ruined, 40 Branches Closed on Security Crackdown
An Official source in Banque Misr said 4 Automated Teller Machines (ATM) were smashed yesterday in the light of…