After Subsidies Cut, Egypt Raises Key Rates to 9.25% to Contain Inflation
The Central Bank of Egypt on Thursday raised key interest rates by 100 basis points each to keep inflation in…
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Barclays Egypt Seen EGP260 million in Profits by H1
Barclays's Egyptian arm is expecting to register a 15% growth in first half profits, said Barclays Egypt's finance…
Egypt’s One Islamic Banking Woman CEO Chases Growth: Arab Credit
Abu Dhabi Islamic Bank PJSC (ADIB)’s Egyptian unit sees demand for Shariah-compliant finance picking up, expecting…
AlexBank Writes off NPLs worth EGP116 million in Q1
Bank of Alexandria has written off non-performing loans (NPLs) worth around EGP 116.7 million during the first…
CBE Gets EGP40bn in 50th Deposit Operation Auction Today
Egypt’s Central Bank (CBE) requested on Wednesday 50 billion Egyptian pounds of domestic surplus liquidity from…
UAE’s Arabtec Eyes Partnership with Egypt’s NBE
The UAE’s real estate giant Arabtec is currently holding talks with the largest public bank in Egypt, National Bank…
In AlexBank, 20 Key Employees’ Monthly Salaries Hit EGP2.5 million
Despite a 3.9% fall in first quarter net profits and being a 20% owned by Egyptian government, Bank of Alexandria…
Faisal Islamic Bank – Egypt: Net Profit Falls 5.2% in 6 Months
Faisal Islamic Bank of Egypt registered a fall of 5.2% (around EGP 19.3 million) in its first half net profit. The…
SANAD issues $10 Million Loan to ALEXBANK in Egypt
The SANAD Fund for MSME (SANAD) signed a US$10 million senior loan contract with ALEXBANK. This loan, SANAD’s first…
EALB’s Overseas Branches Gain EGP25mn in H1, Gaza Office Operates Normally
The Egyptian Arab Land Bank's overseas branches in Jordan and Palestine reported H1 profits amounting to 25 million…