Egypt’s NBE bank FY2015/16 pre-tax profits surge 88%
Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) reported Sunday an 88 percent rise in annual…
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CIB, AAIB studying new financing for Egypt’s Madinet Nasr Housing
Egypt’s largest listed lender, Commercial International Bank (CIB) along with the Arab African International Bank…
Central Bank of Egypt mulls amendments to the SMEs initiative
The Central Bank of Egypt (CBE) is looking to make amendments to the initiative that involves funding small and…
Egypt’s foreign debt to reach 30% of GDP by June – central bank governor
Egyptian Central Bank’s Governor Tarek Amer stated late Friday that he expects the country's foreign debt to reach…
Afreximbank considers new loans to Egypt
The African Export-Import Bank (Afreximbank) is studying a number of loans for Egyptian investors as well as banks…
Egyptian banks attract $13.5 billion in inflows since pound float
Banks in Egypt have attracted $13.5 billion in inflows since the country’s pound was floated on November 3rd,…
RBS racks up ninth straight year of losses
Royal Bank of Scotland (RBS), one of the U.K.'s "big four" banks, reported its ninth consecutive year of losses in…
JPMorgan betting on a stronger yen
The yen was set to strengthen against the dollar, despite expectations that U.S. interest rates will increase this…
No further inflation impact from Egypt’s currency float – central bank…
Egypt's floating of its currency has already had its effect on inflation and will not impact it again, Central Bank…
Egypt will receive $1 bln World Bank loan this March – official
Egypt will receive the second $1 billion tranche of a $3 billion World Bank loan in March, Central Bank Governor…