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Banks
Egypt Central Bank Advises Banks to Close Early As Army’s Deadline Looms
Central Bank of Egypt (CBE) urges the Egyptian Banks to close its branches early today for the Army's 48-hour…
Barclays, Credit Suisse, Deutsche Bank Ratings Cut by S&P
Barclays Plc (BARC), Deutsche Bank AG (DBK) and Credit Suisse Group AG (CSGN) had their credit ratings…
World Bank to Fund Electricity Generation
The World Bank says it has approved a $585.4m loan to finance Egypt’s Helwan South Plant Project, a new gas-fired…
CIB Delays its EGM Due to Lack of Quorum
Commercial International Bank of Egypt (CIB) ,in its statements today, announced the postponement of its…
Banque Misr Closes Rabaa Branch, Technical Failure in ATM Reported
Banque Misr closed its branch in Rabaa EL Adaweyya Square in the light of the ongoing massive demonstrations which…
Commercial Bank Gets Go-Ahead For Alternatifbank Deal
Further to the announcement on 18 March 2013, Commercial Bank of Qatar has received regulatory approval from the…
Egypt C.Bank Raises EGP15 Bln At Repo
Today, Egypt Central Bank (CBE) has offered 7-day maturity worth EGP 15 billion to the local banks at interest…
Egypt’s Export Development Bank to Establish EGP1 Bln Holding Firm
Export Development Bank of Egypt’s (EDBE) (EXPA) board of directors, headed by Mohamed Ismail, has agreed to…
Banks Extend Closing Branches in Egypt’s Tahrir Sq to 3rd Day
The banks' branches located in Egypt's Tahrir Square decided to remain closed for fear of a potential violence that…
Bahrain Banks Post Profits Exceeding $1 Billion in Q1 2013
The combined net profits of Bahrain’s banks nearly doubled to $1.1 billion in the first three months of this year,…