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Banks
EALB’s Investments In Govt. Debt Instruments Hit EGP 3.8 Bln
The Egyptian Arab Land Bank’s (EALB) investments in government debt instruments reached EGP 3.8 billion, said…
CBE Suspends Granting New Islamic Banking Licenses In 2013
The Central Bank of Egypt (CBE) will not grant Islamic banking licenses in the meantime amid the low growth rates…
CBE Receives No Official Offers For Acquisition Of Banks
The Central Bank of Egypt (CBE) has not received any official offers for acquiring any bank in Egypt including…
Egypt’s Govt. Banks Apply Basel II Standards By Next June
All local banks in Egypt will apply Basel II standards before the end of next June, said Gamal Negm, sub-governor…
Unemployment In MENA Young People Is World’s Highest
Unemployment rate among young people in the Middle East and North Africa (MENA) region is the highest in the…
IMF Delegation To Meet Opposition Figure Hamdeen Sabbahi
Egypt’s Popular Current leader Hamdeen Sabbahi is to meet with an IMF delegation Saturday evening at the movement’s…
Hyde Park Properties Secures EGP 1.3 Bln Loan Next Week
The National Bank of Egypt (NBE), Banque Du Caire, Egyptian Arab Land Bank, Al Baraka Bank of Egypt, Arab…
Misr Iran Bank’s Deposit Portfolio Hit EGP 6.4 Bln At End-March 2013
Misr Iran Development Bank’s deposit portfolio reached EGP 6.4 billion at the end of last March, compared to EGP…
Islamic Development Bank Looks To Buy 7-Year Egyptian Sukuk: Osama Saleh
The Egyptian Minister of Investment Osama Saleh has met with the Islamic Development Bank's officials during his…
CBE Totally Independent From Govt.: Hisham Ramez
The Central Bank of Egypt (CBE) is completely independent from the government and its main goals are keeping the…