Islamic Development Bank Grants Egypt US$300 Mln
Dr. Amr Darrag, Egyptian Minister of Planning and International Cooperation, stated that the government has signed…
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Banks news
EBDA Launches Egypt SMEs Event Today
Conference on the Small and Medium Enterprises entitled ‘The Innovative Financing Mechanisms For SMEs in Egypt’ has…
SFD To Launch Restricted Speculation System To Finance SMEs in Egypt
Ghada Wali, general secretary of the Social Fund for Development (SFD), has announced on Monday that the fund…
Experts Predict Higher Inflation Rates Amid Unchanged Interest Rates
Following the decision by Egypt’s Central Bank to keep the main overnight deposit, lending and discount rates at…
EGB, Misr Insurance to Launch Banking Insurance Service in Q1 2014
Egyptian Gulf Bank (EGB) aims at providing a new service; the banking insurance product for Misr Insurance Co.…
Money in Swiss Banks: India Slips to 70th Position; UK on Top
India has slipped to 70th position in terms of foreign money lying with Swiss banks and accounts for a meagre 0.10…
Iran Sanctions: Foreign Banks Kick Sand in Uncle Sam’s Face
As I have pointed out before in this space, much of the most shocking evidence of America’s weakening position…
UBS to Exit Banking Business in India: Source
Swiss bank UBS AG will surrender its Indian banking license and close its banking unit, covering fixed income,…
CBE to Raise T-Bills for EGP5.5 Bln Tomorrow
On behalf of Egypt’s Ministry of Finance, the Central Bank of Egypt (CBE) will offer 91- and 266-day treasury bills…
Europe Unable to Break Impasse on Who Pays When Banks Fail
Europe failed to agree on how to share the cost of bank collapses on Saturday, as Germany resisted attempts by…