Egypt C.Bank Raises US$ 40 Mln FX Auctions
The Central Bank of Egypt (CBE) tendered US$ 40 million to the local banks at its 75th foreign exchange auction and…
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HSBC’s $1.9Bln Money Laundering Settlement Approved by US Judge
HSBC's record $1.9bn settlement with the US to resolve charges it enabled Latin American drug cartels to launder…
Egypt Central Bank Advises Banks to Close Early As Army’s Deadline Looms
Central Bank of Egypt (CBE) urges the Egyptian Banks to close its branches early today for the Army's 48-hour…
Egypt’s FinMin to Auction EGP7Bln T-Bills Tomorrow
Egypt’s Ministry of Finance is offering tomorrow 182- and 357-day treasury bills totaled at EGP 7 billion. Ministry…
IMF ‘Closely Following’ Egypt Political Developments
With no deal reached and Egypt seemingly on the brink of major political change, the fate of a long-sought $4.8…
World Bank to Fund Electricity Generation
The World Bank says it has approved a $585.4m loan to finance Egypt’s Helwan South Plant Project, a new gas-fired…
Misr Insurance Seizes Americana’s EGP 4 Bln policy
Informed sources told Amwal Al Ghad that Misr Insurance Company (Non-Life) captured the Insurance Policy on…
Qatar Insurance Industry Valued At $1.3bn In 2012, Says Report
Driven by Qatar’s economic development and rising population, the country’s insurance industry expanded at an…
CIB Delays its EGM Due to Lack of Quorum
Commercial International Bank of Egypt (CIB) ,in its statements today, announced the postponement of its…
Banque Misr Closes Rabaa Branch, Technical Failure in ATM Reported
Banque Misr closed its branch in Rabaa EL Adaweyya Square in the light of the ongoing massive demonstrations which…