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Banks
CBE Offers US$ 40 Mln To Local Banks At FX Auction On Monday
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Monday at its 35th FX auction and the 19th…
Banque Du Caire Raises Return On Brimo Dollar Certificates
Banque Du Caire has raised the return on its three- and five-year “Brimo Certificate”. Sources said the bank has…
IMF Says Made Very Good Progress In Loan Talks With Egypt
In an IMF statement, top official Masood Ahmed said Egypt and the fund made very good progress in talks over the…
Egypt One Of 20 Most Important Markets For HSBC
The Egyptian market is still one of the most important 20 markets for HSBC, despite the turbulent economic…
Shura Council Decides Not To Describe Sukuk As “Islamic”
Shura Council approved to omit the word “Islamic” from the sukuk law in its session on Sunday after the legislative…
Finance Ministry Sells 91-, 266-Day T-Bills Worth EGP 5.5 Bln
The Egyptian Ministry of Finance sold 91- and 266-day treasury bills worth EGP 5.5 billion on Sunday. The Ministry…
Shura Council’s Energy Committee Approves IDB’s Finance To South Helwan Power Plant
Shura Council's Industrial Production and Energy Committee headed by Tarek Moustafa has given in-principle approval…
IMF Technical Team Arrives In Egypt In Effort To Boost Turbulent Economy
The IMF technical team has arrived in Egypt Sunday morning so as to reopen negotiations with the Egyptian…
NBE Considers CBE’s Initiative To Extend Grace Period For Tourism Sector
The National Bank of Egypt (NBE) studies the Central Bank of Egypt’s (CBE) decision concerning extending the grace…
Shura Council Discusses IDB’s Finance To South Helwan Power Plant
The Egyptian Minister of Electricity and Energy Ahmed Emam announced that the Shura Council's Industrial Production…