Egyptian State Banks Lose Talent to Private Sector over Wage Cap
Egypt's state-owned banks are losing senior specialist bankers to the private sector as a result of a cap on public…
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Egypt’s C.Bank Gets EGP65bn on 71st Auction of Deposit Operation Today
Egypt’s Central Bank (CBE) received on Tuesday EGP 65 billion of domestic surplus liquidity from local banks during…
EFG-Hermes: Qatari Deposit Repayment behind Egypt’s FX Reserves Fall
EFG-Hermes Holding said in a report the slump in Egypt’s foreign currency reserves in November was due to paying…
CBE: Private-sector Banks’ Investments in T-bills Hit EGP10bn in September
In Egypt, private-sector banks’ investments in government auctioned debt instruments recorded 153.5 billion…
Egypt’s Foreign Reserves Retreat to $15.88bn at November-end
Egypt's foreign currency reserves dropped to $15.88 billion at the end of November from $16.91 billion a month…
Banks Start Paying Returns for Suez Canal Certificates Today
Banks started Sunday paying the first returns on Suez Canal investment certificates, which generated a value of EGP…
SMEs ‘Magic Wand’ for Egypt’s Economic Growth – AlexBank
The small and micro-sized enterprises (SMEs) are the magic wand to fix Egypt’s ailing economy, said head of SME…
Egypt: 140 Central Bank, State-owned Banks’ Officials Recently Resign
In Egypt, around 140 officials of the central bank and other major state-owned banks; National Bank of Egypt,…
CBE: 28 Local Banks Bid for 70th Auction of Deposit Operation Today
Egypt’s Central Bank (CBE) received on Tuesday EGP 60 billion of domestic surplus liquidity from local banks during…
Egypt’s Biggest Lender Mulls Financing Majid Futtaim’s Upcoming Expansions
Egypt’s biggest state-owned lender, the National Bank of Egypt (NBE) is studying funding UAE Majid Al-Futtaim’s…