Browsing Category
Banks
Ahli United Bank Issues US$ 130 Mln LCs To Petroleum and Food Industries
Ahli United Bank has approved to issue letters of credit worth US$ 130 million (EGP 900 million) to companies…
CBE Offers US$ 40 Mln To Local Banks At FX Auction On Wednesday
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Wednesday at its 36th FX auction and the…
Bank Muscat Successfully Closes USD500m Euro Bond Issue
Bank Muscat, the flagship financial services provider in the Sultanate, yesterday successfully closed a 5-year,…
Saudi Banks Expected To Post SAR29.4bn Profits In 2013
In its latest report on Saudi banks, NCB Capital reduces its net interest margin (NIM) estimate due to increasing…
Egyptian Upper House Agrees On New Bonds Law
Egypt’s Shura Council (upper house of parliament) agreed on Tuesday on the bonds draft law that was introduced by…
Ahli United Bank To Launch 2 New Branches Next April
Ahli United Bank plans to launch two new branches in El-Obour City and at City Stars Mall in Nasr City in April,…
Shura Council Not To Pass Sukuk Bill Without Al-Azhar’s Approval: Al Nour Party
Egypt’s Shura Council (upper house of parliament) will not vote on the sukuk bill before it is approved by…
Finance Ministry Sells 5-, 7-Year T-Bonds Worth EGP 1.5 Bln
The Egyptian Ministry of Finance sold 5- and 7-year treasury bonds worth EGP 1.5 billion on Monday. The Ministry…
NBE Finances White Taxi Project’s 3rd Phase With EGP 150 Mln
The National Bank of Egypt (NBE) plans to contribute from EGP 100 million to EGP 150 million to the finance of the…
Egyptian Gulf Bank Considers Contributing EGP 450 Mln To 4 Syndicated Loans
The Egyptian Gulf Bank (EGB) plans to contribute EGP 450 million to four syndicated loans arranged for…