Egypt’s Financial Position May Be Even Worse than Previously Estimated
Egypt's crumbling public finances may be in even worse shape than previously estimated. While stock and bond…
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World Bank Hopes to Continue Egypt Programs; Says Chief
The World Bank hopes to continue its programs in Egypt following the military ouster of the country's president,…
Egypt C.Bank to Offer US$40 Mln at Today FX Auction
The Central Bank of Egypt (CBE) will be offering today US$ 40 million to the local banks at its 76th foreign…
Hisham Ramez: Banks Operate Normally Today
Hisham Ramez, Governor of Central Bank of Egypt (CBE), said that the Egyptian banks will be operated normally on…
Egypt C.Bank Raises US$ 40 Mln FX Auctions
The Central Bank of Egypt (CBE) tendered US$ 40 million to the local banks at its 75th foreign exchange auction and…
HSBC’s $1.9Bln Money Laundering Settlement Approved by US Judge
HSBC's record $1.9bn settlement with the US to resolve charges it enabled Latin American drug cartels to launder…
Egypt Central Bank Advises Banks to Close Early As Army’s Deadline Looms
Central Bank of Egypt (CBE) urges the Egyptian Banks to close its branches early today for the Army's 48-hour…
Barclays, Credit Suisse, Deutsche Bank Ratings Cut by S&P
Barclays Plc (BARC), Deutsche Bank AG (DBK) and Credit Suisse Group AG (CSGN) had their credit ratings…
World Bank to Fund Electricity Generation
The World Bank says it has approved a $585.4m loan to finance Egypt’s Helwan South Plant Project, a new gas-fired…
CIB Delays its EGM Due to Lack of Quorum
Commercial International Bank of Egypt (CIB) ,in its statements today, announced the postponement of its…