CBE: $11bn surplus in Egyptian balance of payments
The Egyptian balance of payments achieved a surplus of $11 billion during the first nine months of fiscal year…
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Banks
Qatari banks fall after UAE red flag, Dubai’s Emaar climbs
Shares in Qatari banks fell in early trade on Sunday after the central bank of the United Arab Emirates gave an…
Egyptian Arab Land Bank total assets rise to 3.6 billion pounds
Egyptian Arab Land Bank (EALB) recorded total assets of about 3.6 billion Egyptian pounds at the end of April 2017…
Banks in Saudi, UAE have not received any regulatory guidelines on Qatar -sources
Banks in Saudi Arabia and the United Arab Emirates have not received any regulatory guidelines about their dealings…
QNB Alahli Life Insurance assets reach 1.8 bln pounds
Total assets of QNB Alahli Life Insurance, one of the leading bancassurance players in the Egyptian market, rose…
Banking system received $1 bln in 2 days, after Egypt’s CBE raised interest rates
Governor of the Central Bank of Egypt Tarek Amer said Monday that the banking system received around $1 billion…
Egypt expects to increase 7.2bn pounds in Banque du Caire offer
Egypt expects to raise 7.2 billion Egyptian pounds ($400 million) through an initial public offering of…
EGB Egypt signs $20 mln loan agreement to finance SMEs
Cairo-based Egyptian Gulf Bank has signed a loan agreement with the European Investment Bank (EIB) to receive a $20…
Egyptian pound flotation poses challenges for banks’ 2016 financial positions
The decision of the flotation of the pound towards the end of last year affected all banks in the banking sector…
Raising interest rate could control Egypt’s economic situation: expert
The Monetary Policy Committee (MPC) announced on Sunday raising the discount rate by 2 percent, reaching 17.25…