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Banks
Industrial Development Bank Contributes EGP 100 Mln To Hyde Park Loan
The Industrial Development and Workers Bank of Egypt has finally approved to contribute EGP 100 million to the EGP…
Barclays First Quarter Profits Fall 25%
Barclays adjusted first quarter profits have fallen 25% to £1.8bn, partly due to the bank's restructuring…
Egypt’s Central Bank Offers US$ 40 Mln At Wednesday’s FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Wednesday at its 51st FX auction and the…
Egypt In Talks To Secure US$ 3 Bln Qatari Loan At 7% Interest Rate
The Egyptian Minister of Planning and International Cooperation, Dr. Ashraf Al Araby, announced that the Egyptian…
Shura Council Discusses Agricultural Drainage Finance Agreement With IDB
Shura Council discusses the Agriculture, Irrigation and Land Reclamation Committee’s report on the decision of the…
Euromoney Saudi Arabia Conference to Tackle Global Role of Sukuk
Bankers, thought-leaders and government officials will attend one of the most important regional financial events…
Banks’ Investments In T-Bills Fell EGP 4.1 Bln At End-Jan: CBE
The Egyptian banking sector’s investments in treasury bills dropped 1.5% (EGP 4.1 billion) to reach EGP 257.07…
Banks’ Securities Portfolios Drop EGP 6.2 Bln For 1st Time In 2 Years
The securities portfolio held by local banks registered a retreat of 1% (EGP 6.256 billion) for the first time in…
NBE Rejects Adly Ayoub’s Offer To Settle Lakah’s Debt For Property Assets
The National Bank of Egypt (NBE), Al Baraka Bank of Egypt and Arab African International Bank (AAIB) will turn down…
Lenders Ask KIMA To Convert Capital To Foreign Currency
After approving to raise its capital to EGP 1.5 billion, the Egyptian Chemical Industries Company (KIMA) is asked…