Amer: Egyptian pound strengthens due to market supply, demand mechanism
The pound’s rally against the dollar in the few past days was due to the market’s supply and demand mechanism…
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Egypt’s CBE issues 13.25 bln pounds treasury bills Sunday
Central Bank of Egypt (CBE) issued on Sunday treasury bills worth 13.25 billion Egyptian pounds, in coordination…
Abu Dhabi Islamic Bank-Egypt launches 2nd tranche of healthcare note
Abu Dhabi Islamic Bank-Egypt (ADIB) has launched a second tranche of its Healthcare Pharmaceuticals Equities…
Unexpectedly surge in interest rates by 200 basis points: Egypt CBE
The Monetary Policy Committee (MPC) at the Central Bank of Egypt (CBE) announced raising interest rates by two…
EGB Egypt profits rise by 47% in Q1
Cairo-based Egyptian Gulf Bank reported Wednesday a 47 percent increase in profits to reach 138.1 million pounds…
Egypt’s CIB sells 10% stake in CI Capital for 101 mln pounds
The Commercial International Bank – Egypt (CIB) has carried out a deal to sell a 9.99 percent stake in CI Capital…
Egypt’s Central Bank considers additional hikes in key interest rates
Egypt's government is considering a new hike in key deposit and lending rates; the issue will be discussed by the…
Nonperforming loans drop by 5.7% in Egypt’s banks at end-March: CBE
The ratio of non-performing loans at banks operating in the Egyptian market fell to 5.7 percent of the total loan…
Central Bank of Egypt offers treasury bills of 13 bln pounds today
Central Bank of Egypt (CBE) offered Wednesday 13 billion Egyptian pounds in treasury bills (T-bills), according to…
Chinese bankers flock to Hong Kong as expats retreat
A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in…