QNB AlAhli Shareholders Ok authorized capital hike to EGP10 bln
The ordinary general meeting of Qatar National Bank AlAhli or QNB AlAhli (previously known as NSGB), approved…
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Banks news
HSBC Names Emmanuel Blanchet New CEO in Egypt
Jacques-Emmanuel Blanchet has been appointed CEO of HSBC Bank Egypt SAE, the bank announced today.…
Egypt’s Central Bank Expected to Keep Main Rates on Hold
Egypt's central bank is expected to keep interest rates unchanged at a monetary policy meeting on Thursday, a…
CBE Requests EGP65 bln at 30th Auction of Deposit Operation
Egypt’s Central Bank (CBE) is requesting on Tuesday around 65 billion Egyptian pounds of domestic surplus liquidity…
World Bank: Egypt’s FY14 Inflation Rates to Remain Higher at 10.2%
Egypt’s inflation rates will remain high at about 10.2% in the fiscal year 2013/2014 due to high food prices, lower…
Mobinil Signs EGP2.36 billion Syndicated Loan with 8 Banks
The Egyptian Company for Mobile Services – Mobinil (EMOB.CA) announced on Thursday it signed a syndicated loan…
CBE Offers Its Last FX Auction Worth $40 mln for This Week
The Central Bank of Egypt (CBE) has offered today its final foreign exchange auction for this week totaled US$ 40…
EBRD Lends $50mn to National Bank of Egypt to Support Int’l Trade
The European Bank for Reconstruction and Development (EBRD) signed on Wednesday two agreements to provide a US$50…
EFG-Hermes: AUM Hits $3 billion in Arab World
EFG-Hermes Holding S.A.E. (HRHO.CA) – the leading investment bank in the Arab world – is capturing total assets…
CBE Eyes EGP65 billion from Banks at 29th Deposit Operations Auction
Egypt’s Central Bank (CBE) is requesting on Tuesday around 66 billion Egyptian pounds of domestic surplus liquidity…