IDBE’s Total SME Finance Portfolio Hit EGP520 by Oct-end
The Industrial Development and Workers Bank of Egypt (IDWB) said on Monday its SME direct and indirect finance…
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Turkey’s US$1 bln Deposit to Stay for 4 Years in Egypt’s Central Bank
Turkey would not be able to redeem its US$ 1 billion worth of deposit, which had been sent to Egypt during Mohamed…
CBE Offers its First FX Auction for This Week
The Central Bank of Egypt (CBE) offers today its first foreign exchange auction for this week worth US$ 40 million…
Bank Audi Egypt’s Net Profit Hit EGP296 mln in 9 Months
Bank Audi S.A.E. - a member of Audi Saradar Group with operations across the MENA region – has reported a 9-month…
Ahli United Bank Egypt: Q3 Consolidated Profits Grow by 33.3%
Ahli United Bank S.A.E. (AUB) has reported on Sunday consolidated profits of EGP 253.6 million at the end of last…
AAIB Inks 2 Financing Contracts worth EGP1.2 bln for Contact Group
The Arab African International Bank (AAIB) has signed today a Memorandum of Information with Contact Securitization…
World Bank Pledges to Help Egypt Confront Risks of Developments
The World Bank (WB) pledged to help Egypt and other developing countries confront the risks of development, as…
Qatar Bank Grants Tunisia $500 Mln to Support Currency Reserve
Qatar National Bank, part owned by the Gulf state's sovereign wealth fund, has given Tunisia a $500 million deposit…
In Less than 2 Weeks, World Bank Delegation Arrives in Cairo on New Aids
Heading from the UAE, A delegation from World Bank headed by WB Executive Director Mirza Hasan arrived on Friday in…
EBRD Steps up Lending to Arab States Hit by Unrest
The European Bank for Reconstruction and Development (EBRD) aims to invest up to 800 million euros next year in key…