Egypt’s Finance Unveils 3 Projects To Be Financed Through Sukuk
The Ministry of Finance has started three projects that will be financed through sukuk which are Ain Shams-10th of…
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Egypt says Qatar asking 5 pct interest on $3 bln bonds
Qatar is asking for 5 percent interest and an 18-month maturity on $3 billion in bonds it has offered to buy from…
El-Garhy Quits From The National Investment Bank
Amr El-Garhy, Managing Director and CEO of the National Investment Bank, has submitted his resignation to the…
Industrial Development Bank Achieved EGP 32 Mln Profits In Q1 2013
The Industrial Development and Workers Bank of Egypt (IDBE) has finally approved the results of the first quarter…
Dubai’s ENBD Says To Complete BNP Paripas Egypt Buy By Mid-May
Emirates NBD, Dubai's biggest bank, plans to complete its acquisition of French lender BNP Paribas' Egyptian…
HSBC Job Cuts May Draw Labor Strike: Report
Unions are threatening strike action after HSBC (HBC.LN) announced more than a thousand job cuts in the wake of new…
Bank Of China Profit Up 8.2%
Bank of China Ltd. said Thursday first-quarter net profit rose 8.2%, thanks to healthy growth in net-interest…
Egypt Central Bank Receives Libya’s US$2 Bln Loan: Sources
The Libyan government has already injected US$ 2 billion in the Egypt’s Central Bank (CBE) by the end of last week…
AmCham DoorKnock Mission Meets With Ramez, Shaalan In Washington, DC
The U.S. Chamber of Commerce in Washington, DC will be hosting the Egyptian Central Bank Governor Hisham Ramez…
New Committee Formed To Adopt FATCA, includes Egypt Central Bank, FSA
Gamal Negm, Deputy Governor of the Central Bank of Egypt (CBE), announced the formation of a new committee –…