Italy, Spain Face Budget Scrutiny as Euro Ministers Meet
Italy and Spain will defend their 2014 spending plans at a meeting of euro-area finance ministers today, risking a…
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Banks news
Bank Audi Says Subscription in its First Sharia-compliant Fund Available
In accordance with its expansion plans in the sharia-compliant banking activities, Bank Audi S.A.E. - a member of…
Banque Misr to Launch Murabaha Mortgage Product in Q1/2014
Banque Misr is planning to launch its new sharia-compliant product “Murabaha Mortgage” within the first quarter of…
CBE to Offer EGP6.5 bln T-bills on Thursday
On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt is set to auction tomorrow 182- and 357-day…
S&P Raises Long Term Ratings on Egyptian Banks After Similar Action on Sovereign
Standard & Poor's Ratings Services has raised on Monday its long-term counterparty credit ratings on National…
Egypt:US$6 bln Loan Agreements Signed Since Morsi’s Ouster
The total loans and grants received by Egypt’s army-backed government since July 2013 have hit around US$ 5.9…
NBE Signs Definitive Deal on Al-Watania Poultry’s EGP200 mln Loan
The National Bank of Egypt (NBE) has signed on a definitive loan agreement to provide EGP 200 million finance,…
Egypt’s SAIB: Q3 Profits Grow by 6%
Egypt-based Société Arabe Internationale de Banque (SAIB) has announced on Monday that the bank’s profits surged by…
CBE Offers its 1st FX Auction of this week at US$40 mln
The Central Bank of Egypt (CBE) has offered today its first foreign exchange auction of this week totaled US$ 40…
Arab Credit Rating Institution Inception Pivotal to Face Global Hegemony
The Arab Spring countries are in a dire need for a bona fide Marshall Plan in order to overcome their current…