UK and China Strike Renminbi Bank Deal
The U.K. has struck a deal with China to set up a renminbi clearing bank in London, as Britain tries to…
Browsing Tag
Banks news
Dubai’s Futtaim, CIB Egypt to Ink EGP532 Million Loan Deal Today
Dubai developer Al Futtaim Group will sign today a loan agreement worth EGP 532 million with Commercial…
Emirates NBD Appoints New MD for Egypt Operations
Emirates NBD, the leading banking Group in the region, announced today that it has appointed Giel-Jan Van Der Tol…
CBE Requests EGP50 bln at 34th Auction for Deposit Operation
Egypt’s Central Bank (CBE) is requesting on Tuesday around 50 billion Egyptian pounds of domestic surplus liquidity…
Banque Du Caire, 11 Banks Secure EGP3 bn Loan for Petroleum Sector
Banque Du Caire S.A.E. along with 11 banks signed on Monday financing contracts worth EGP3 billion (around $431…
Majid Al Futtaim Disburses 1st Tranche of US$500mn Egypt Loan
Dubai-based developer Majid al Futtaim (MAF) announced on Thursday the disbursal of EGP170 million, worth of the…
Arab Investment Bank Eyes Capital Hike, 20% Growth by 2014-end
Arab Investment Bank of Egypt (AIB) is targeting a capital increase to EGP 1 billion besides a 20% growth in…
Egypt Central Bank Governor Says Foreign Reserves to Continue to Rise
Egypt's Central Bank governor Hisham Ramez said on Wednesday he expects the country's foreign currency reserves to…
JPMorgan Sells Physical Commodities Unit to Mercuria for $3.5 billion
JPMorgan is selling its physical commodities businessto Mercuria for $3.5 billion, the U.S. investment bank…
Libya Insecurity Delays Egyptian HDB’s Expansions
Egyptian lender Housing and Development Bank (HDB) will not go on with its expansions in Libya in the meantime amid…