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Egypt Offers Banks US$40 Million At FX Auction
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Wednesday at its 48th FX Auction and…
Egypt Central Bank Chief Flies To Washington To Attend IMF-WB Annual Meetings
Egypt’s Central Bank Governor Hisham Ramez and Finance Minister El-Morsi El-Sayed are heading on Wednesday morning…
Egypt’s Finance Minister Visits Washington To Attend IMF-World Bank Annual Meetings
The Egyptian Minister of Finance El-Morsi El-Sayed Hegazy will travel to Washington tomorrow to participate in the…
EALB Launches New Investment Fund In Q1, FY 2013/14
The Egyptian Arab Land Bank (EALB) has launched a new investment fund in the first quarter of the next fiscal year.…
Barwa Bank Annual General Assembly
Barwa Bank Group held its Annual General Meeting (AGM) on the 14th April at which the financial results…
CBE Nominates Hisham Okasha As NBE Chairman: Sources
Hisham Okasha, deputy chairman of the National Bank of Egypt (NBE), has been nominated to be the new chairman of…
Four Banks Seize Reemyvera Village To Settle EGP 380 Mln Debt
The National Bank of Egypt (NBE), Banque Misr, Egyptian Arab Land Bank (EALB) and Suez Canal Bank seized Reemyvera…
Egypt’s Power Firm Seeks $1 Bln Loan To Fund Power Plants-Paper
State-owned Egyptian Electricity Holding Company has asked the state National Bank of Egypt (NBE) for a $1 billion…
CBE Asks For EGP 18 Bln At Deposit Auction
The Central Bank of Egypt (CBE) offered to take EGP 18 billion (US$ 2.61 billion) worth of seven-day deposits at a…
Banque Misr Restructures Investments In Subsidiaries
Banque Misr has started to restructure its investments in stocks and subsidiary and sister companies which are…