Barclays Egypt Attains 5.4% Surge in H1 Profits
Barclays Egypt published its first half results on Monday, showing a 5.4% year-on-year surge in profits to register…
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Qatar Requests Return of $3 billion Deposit from Egypt
Qatar is requesting the return of its $3 billion deposited in the Central Bank of Egypt (CBE), said an Egyptian…
Fed’s Yellen Calls for Caution on Rates; Draghi Says ECB Ready to Act
The Federal Reserve should move cautiously in deciding when to raise interest rates given the US labour market…
$471mn Loan Talks for Port Said’s New Container Terminal Project Halted
The General Authority for Port Said Ports decided to halt its talks with the National Bank of Egypt (NBE) and…
Blom Bank Eyes CBE’s Licence to Launch 3 More Branches in 2015
Blom Bank Egypt is seeking to obtain the central bank's approval to inaugurate further three new branches within…
HSBC Posts EGP745mn Standalone Profits for H1 in Egypt
HSBC Egypt published its first half results on Sunday, showing 744.794 million Egyptian pounds (US$104.15 million)…
4 Banks Eyes Suez Canal Investment Certificates Issuance Monday
Four Egyptian banks are targeting the issuance of investment certificates next Monday, dedicated to fund the new…
CBE Awaits Sisi’s Approval on Suez Canal Certificate Draft Law
Egypt's President Abdel Fattah al-Sisi is expected to issue a draft law regulating the legal procedures related to…
World Bank to Advise on Egypt’s Suez Canal Mega Project
The World Bank has announced its strong backing for Egypt's recently-launched Suez Canal mega project, pledging its…
Basel III to Help Support Islamic Banks’ Liquidity Management – S&P
The revised capital requirements for Basel III by the Islamic Financial Services Board (IFSB) will help boost the…