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Banks
Egypt. C.Bank Delay its 75th FX Auction On New FY Start
Egypt's Central Bank (CBE) has decided to delay its 75th Foreign Exchange Auction on Monday for it coincides with…
Egypt Banks in Tahrir Sq Fully Closed For Second Day In Row
All the banks' branches located in Egypt's Tahrir Square decided to remain closed for fear of a potential violence…
Vatican Bank Arrests Mark New Hard Line
The timing was neat. Just two days after Pope Francis set up a commission to investigate the Vatican bank, known in…
Egypt Banks Branches in Tahrir Sq Shut Down Ahead of Protests
All the banks' branches located in Egypt's Tahrir Square are fully closed for fear of violence that expected to…
NBE to Sign EGP 100 Mln Contract with SFD
The National Bank of Egypt (NBE) intends to sign a new contract within this week with Social Fund for Development…
Egypt Banks Prepare for June 30 Nationwide Protest Rallies
Demand for the dollar stops and stock rises amidst continued tight liquidity.A state of caution and anticipation…
HSBC Bank Limits Cash Withdrawals As Protests Take Off
A major bank in Egypt, HSBC limits daily cash withdrawals and deposits as pro- and anti-government protests grip…
NBE: Stocking ATM with Cash, Withdrawals Rates Going Normally
Mohamed Ihab, head of transaction banking group at National Bank of Egypt (NBE), revealed that the bank's…
United Bank’s Finance to SMEs Hit EGP200 Mln in May, Chief Says
Mohamed Ashmawy, chairman of United Bank, announced that the bank's finance to the SMEs projects have totaled at…
Bankia Sells 12.09% of IAG at EUR3.01 a Share
Nationalized Spanish bank Bankia said Thursday it had sold its stake in International Consolidated Airlines Group…