Average yields on Egypt’s 3- and 7-year T-bonds jump
The average yield on Egypt’s three- and seven-year treasury bonds rose at an auction on Monday, central bank data…
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Banks
Abu Dhabi Islamic Bank-Egypt 9-month profits jump to 500.7mn pounds
Abu Dhabi Islamic Bank-Egypt (ADIB) said Sunday its nine-month profits jumped to 500.7 million Egyptian pounds…
Egypt inflation eases, paving way for looser monetary policy
Egypt’s inflation dipped for the third month in a row in October after hitting a record high on energy price…
UAE asks banks for information on 19 Saudis’ accounts: sources
The United Arab Emirates Central Bank and securities regulator have asked banks and finance companies in the UAE…
C.bank says Egypt hopes to issue €650mn one-year treasury bill
Egypt’s Ministry of Finance plans to sell 650 million euros in one-year euro-denominated treasury bills to local…
Egypt’s SAIB Bank net profit falls to $5.3 million in Q3
Third-quarter net profit of Societe Arabe Internationale de Banque (SAIB), the first joint Arab Bank working in…
Tycoon Naguib Sawiris says dreams of owning a private bank in Egypt
Egyptian billionaire businessman Naguib Sawiris said Tuesday that he wants to open a private bank in Egypt.…
Egyptian Gulf Bank 9-month profits jump 21%
Egyptian Gulf Bank (EGB) reported Wednesday a 21 percent increase in its nine-month profits to reach 373.3 million…
Egyptian Gulf Bank 9-month profits jump to 373.3 million pounds
Egyptian Gulf Bank (EGB) reported an increase in its nine-month profits to reach 373.3 million Egyptian pounds…
Saudi banks freeze over 1,200 accounts in probe, number still rising: sources
Saudi Arabian banks have frozen more than 1,200 accounts belonging to individuals and companies in the kingdom as…