Egypt Farm Bank Attains EGP30mn Surplus in Islamic Dealings
Egypt’s main agricultural bank - Principal Bank for Development and Agricultural Credit (PBDAC) recorded a surplus…
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Libya Denies Exempting Egypt from Repayment of $2bn Deposit
Libya's Central Bank denied on Saturday exempting Egypt the repayment of a US$2 billion deposit placed at the…
Islamic Development Bank Mulls $160mn Funding for Egypt-KSA Power Project
The Islamic Development Bank (IDB) is considering a recent request by Egypt for $160 million in funding for its…
Revenues of Suez Canal Certificates Hit EGP6bn on First Day
On the first day of release, Egypt’s banks sold over EGP 6 billion (around $856 million) worth of investment…
Religious Endowments’ Fund to Buy EGP400mn Suez Canal Certificates
The board of the Social solidarity Fund for the workers in Egyptian Ministry of Religious Endowments approved the…
Egyptian Arab Land Bank Braces for its First Real Estate Fund
Egyptian Arab Land Bank (EALB) will be launching a new company soon, aiming at the establishment and management of…
Egypt Central Bank Sees Interest Rates Unchanged Tomorrow
Egypt's Central Bank is expected to keep key interest rates, deposit and lending rates unchanged on its upcoming…
NBE-Sudan Eyes Foreign Trade Transactions of EGP1.3bn in 2014
In Sudan, the National Bank of Egypt (NBE) plans to boost its volume of international trade transactions to EGP 1.3…
AlexBank’s Chairman Bruno Gamba Passed away
AlexBank, a subsidiary of the Intesa Sanpaolo Group, announced early Thursday that the bank's non-executive…
Russia Boosts Gold Reserves by $400M to Highest Since ’93
Russia added about 9.4 metric tons of gold valued at $400 million to reserves in July as it expanded holdings for a…