Analysis: With Gulf Aid, Egypt Economy Can Limp Through Crisis
Egypt's political crisis has dealt a blow to any hopes for a quick economic recovery, but aid from its Gulf allies…
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Despite Turmoil, Egypt Central Bank Offers $40 mln at FX Auction
The Central Bank of Egypt (CBE) has offered today its first foreign exchange auction for this week totaled US$ 40…
On Ongoing Turmoil, Egypt Central Bank Says to Halt Activities Tomorrow
Egypt's Central Bank (CBE) will suspend banking activities on Thursday August 15th driven by the ongoing unrest…
JPMorgan Trading Charges Said to Be Announced Today
The U.S. may announce charges as early as today related to JPMorgan Chase & Co.’s trading losses last year, a…
Egypt’s CIB Q2 Net Income Hikes 28 % to EGP671 mln
Egypt's Commercial International Bank - CIB (COMI), the country's biggest listed bank, said on Tuesday its…
Egypt C.bank Tells Banks to Shut Early Due to Ongoing Unrest
Egypt's Central Bank (CBE) has told banks to close their branches early driven by the ongoing unrest as local…
Barclays Considers Potential Sale of UAE Retail Business
Barclays Plc is conducting a strategic review of its retail banking operations in the United Arab Emirates which…
Egyptian Central Bank Offers $40 mln at FX Auction Today
Following the Muslims’ feast holidays, the Central Bank of Egypt (CBE) has offered today its first foreign exchange…
CBE: Egypt’s Core Inflation Rate Climbs 1.04% By July-End
Egypt's annual core inflation rate increased to 1.04% by July-end of 2013, up from 0.77% by June-end, the central…
S&P Downgrades Bahrain’s Al Baraka Bank to Junk Status
Bahraini lender Al Baraka has been downgraded to junk status by Standard & Poor's, the only credit rating…