Qatar National Bank loses $3 billion in market value after Gulf rift
Shares of Qatar National Bank (QNB), the Gulf's largest lender, were down as much as 5 percent on Tuesday midday…
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AAIB bank negotiating 250-300 mln Egyptian pounds financing
Egypt’s Arab African International Bank (AAIB) is seeking to obtain finances ranging between 250 million Egyptian…
BLOM Bank Egypt doubles Q1 profits to 222 mln pounds
BLOM Bank Egypt made a 99.7 percent rise in first quarter profits to record 222.045 million Egyptian pounds ($12.3…
Egypt’s foreign trade reach $35 billion since currency float: official
Egypt’s foreign trade since early November, when the government floated the country’s pound until May 25 reached…
Fed fines Deutsche Bank $41 million over anti-money laundering failures
The Federal Reserve announced on Tuesday that it had fined Deutsche Bank AG $41 million for failing to ensure its…
HSBC says Egypt net profit rises 31% in Q1
HSBC Plc says first-quarter net profit in Egypt has grown 31 percent to record 1.001 billion Egyptian pounds ($55.3…
EBRD studying $300 million loans for Egyptian banks
The European Bank for Reconstruction and Development (EBRD) says it is studying giving some banks in Egypt new…
Banque Du Caire to double SME lending to 4 bln Egyptian pounds at year-end
Banque Du Caire, one of Egypt's largest and oldest public lenders, is planning to double its financing for small…
Foreign currency inflows into Egypt’s banking system hit $25 bln since float
Egypt’s central bank governor Tarek Amer said Sunday that foreign currency inflows into the banking system reached…
EBRD, Egypt sign €186 million Fayoum wastewater plant upgrade project
Egypt and the European Bank for Reconstruction and Development (EBRD) signed Sunday a €186 million ($208 million)…