Egypt’s Pharos Holding eyes new equity fund launch
Cairo-based investment bank Pharos Holding is planning to launch a new equity fund within the next few months,…
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CBE to issue t-bonds, t-bills worth 11.85 billion Egyptian pounds in two days
Egypt’s central bank will issue Sunday and Monday treasury bills and treasury bonds totalling 11.85 billion…
United Bank of Egypt appoints new assistant MD of funding large enterprises, SMEs
The board of United Bank of Egypt has appointed Nevine Kashmiri as the assistant to the managing director of the…
NBE: assets surge to 1.1 trillion Egyptian pounds after currency float move
Egypt’s biggest lender, the state-owned National Bank of Egypt says assets have surged to around 1.1 trillion…
Crédit Agricole to secure $30 mln subordinated loan for Egypt unit
Crédit Agricole Egypt has confirmed Tuesday requesting a $30 million subordinated loan from the French parent…
Egypt’s NBE: Net profits exceed 6 bln pounds in H1-FY2016/17
Egypt’s biggest lender, the state-owned National Bank of Egypt says net profits have exceeded 6 billion Egyptian…
Asian Development Bank chief: It’s in Trump’s interest to protect free trade
The president of the Asian Development Bank says he is hopeful that the new U.S. administration will not put an end…
Egypt to pay $720 million to Paris Club this month
Egypt plans to pay back around $720 million to the Paris Club of creditor countries this month, the central bank…
Egypt receives $1.7 billion in expats’ remittances: c.bank
Remittances from Egyptian expats in November were up 33.2 percent compared to the previous month, a recent report…
ADIB Egypt wins Best Islamic Bank awards from IBF, Banker Africa
Two prestigious magazines have recently named Abu Dhabi Islamic Bank (ADIB) – Egypt as the best Islamic bank in the…