Egyptian banks’ foreign reserves rose by $10 billion since currency float: Amer
Egyptian banks’ foreign exchange reserves have risen by $10 billion since Egypt took the dramatic step of floating…
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Egypt imports foods worth $12 billion a year – c.bank governor
Egypt imports between $10 billion and $12 billion in foods a year, including $6 billion in wheat, oils, and corn,…
Mashreq Bank inaugurates new branch in Egypt’s Heliopolis
Mashreq Bank Egypt announced Tuesday the inauguration of its new branch in 103 Al-Thawra St, Heliopolis within the…
Emirates NBD Egypt posts 847 million pounds in nine-month profit
The Egyptian arm of Dubai largest lender Emirates NBD has posted a nine-month profit worth 847 million Egyptian…
Banque Du Caire may pump €35 mln into Suez Canal and railway loans
Banque Du Caire, one of Egypt’s largest and oldest public banks, is considering spending between €30 million and…
Women-led businesses capture 70% of Egypt banks’ MSME funding
Egyptian central bank’s assistant sub-governor says around 70 percent of the banks’ financing for micro, small and…
Egypt’s NBE bank seeks Kfw, EIB loans of up to €800 mln
National Bank of Egypt (NBE), the country's largest state bank, is negotiating loans worth €800 million ($941.1…
Barclays Q3 pretax profit hits 1.1 bln stg
Barclays reported Thursday a worse than expected profit before tax for the third quarter of 1.1 billion pounds…
Deutsche Bank Q3 profits more than double, smash market estimates
German lender Deutsche Bank reported Thursday a strong increase in third-quarter net profit, beating analyst…
ECB’s Mario Draghi needs to avoid a ‘taper tantrum’ at policy making meeting
The European Central Bank (ECB) meets Thursday for its long-awaited policy decision, potentially spelling out the…
