EBRD Expects 3% Economic Growth for Egypt, Jordan in 2014
The European Bank for Reconstruction and Development [EBRD) expected in a report Egypt, Jordan, Morocco and Tunisia…
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Misr Iran Targets Mobile Money Transfer Service Launch within H2/14
Misr Iran Development Bank (MIDB) revealed on Tuesday plans to apply the Mobile Money Transfer (MMT) service within…
Egypt Names Ex-Market Regulator Chief as Board Member in Banque Misr
Egyptian Prime Minister Dr. Hazem El-Beblawi approved Tuesday the appointment of Ahmed Mohie El-Din Abou El-Ezz as…
Italy offers New credit line worth €45mn to Egyptian SMEs
Italy is granting a credit line worth € 45 million to Egyptian and Italian small and medium-sized enterprises…
EBRD Commits $50mn to Support Responsible Energy Development in Egypt
The European Bank for Reconstruction and Development (EBRD) has joined HSBC Bank Egypt in a facility providing a…
Bank of Russia Moves Ruble Band Higher Again
The Bank of Russia shifted the ruble's trading band higher Monday in response to continuing selling pressure on the…
AUB: Total Finances for Tourism Sector Hit EGP2 bln in 2013
In 2013, Ahli United Bank – Egypt (AUB) granted the country’s tourism sector total finances amounting to EGP 2…
Deutsche Bank Posts EU1.2 Billion Fourth-Quarter Pretax Loss
Deutsche Bank AG (DBK), Europe’s biggest investment bank by revenue, reported a surprise fourth-quarter loss, hurt…
SocGen Resurgent in Gulf as Bank Seeks Growth After Crisis
Societe Generale SA (GLE), France’s second-largest bank, is seeking to boost lending in the Middle East as part of…
In 7 Months, NBE Granted EGPC LCs Totaled $693 mln
The National Bank of Egypt (NBE) granted over the last 7 months the state-owned Egyptian General Petroleum…