Egypt’s central bank Offers 7-Day Repos Worth EGP5 Bln
Egypt Central Bank (CBE) has offered on Tuesday 7-day deposits worth EGP 5 billion to the local banks at interest…
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Fitch Affirms 11 Saudi Arabian Banks; Revises 3 Banks’ Outlooks To Negative
Fitch Ratings has affirmed 11 Saudi Arabian banks as part of a peer review of the Saudi banking sector. Fitch has…
Egypt’s Central Bank: Core Inflation Rates Jumped 8.04% in May
Egypt Central Bank announced, today in its monthly statement that the core inflation rates climbed 8.04% in May, up…
Egypt’s Central Bank Offers US$ 40 Mln at FX Auction Today
Central Bank of Egypt (CBE) has offered on Monday US$ 40 million to local banks at its 66th auction and the 48th…
Morsi Adviser Blames IMF for Delaying Egypt $4.8 Bln Loan Agreement
A leading adviser to Egypt’s president said Cairo had met all the requirements for a $4.8bn loan agreement with the…
AUB: Foreign Transactions Volume Hits EGP 10 Bln in 5 Months
The total volume of Ahli United Bank (AUB)'s foreign transactions, represented in letter of credit and letter of…
Arab Banking Corporation Says Net Profit Jumps To EGP 28.6 Bln – Q1
Arab Banking Corporation (ABC) has recorded net profit of EGP 28.6 million, by the first quarter of the current…
6 Banks To Grant Hyde Park’s EGP1.2 bln Loan Next Tuesday
6 Banks will be signing the final contracts for Hyde Park’s Loan worth EGP 1.2 billion next Tuesday. The loan…
NBE: Corporate Loan Portfolio Hits EGP 76 Bln By May-End
The National Bank of Egypt ( NBE) stated on Saturday that its corporate loan portfolio has hiked to EGP 76 billion…
IMF approves $1.74b standby loan for Tunisia
The International Monetary Fund on Friday approved a two-year, $1.74 billion standby loan for Tunisia to support…