EFG-Hermes: Qatari Deposit Repayment behind Egypt’s FX Reserves Fall
EFG-Hermes Holding said in a report the slump in Egypt’s foreign currency reserves in November was due to paying…
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Central Bank of Egypt
Egypt’s Foreign Reserves Retreat to $15.88bn at November-end
Egypt's foreign currency reserves dropped to $15.88 billion at the end of November from $16.91 billion a month…
Banks Start Paying Returns for Suez Canal Certificates Today
Banks started Sunday paying the first returns on Suez Canal investment certificates, which generated a value of EGP…
Egypt: 140 Central Bank, State-owned Banks’ Officials Recently Resign
In Egypt, around 140 officials of the central bank and other major state-owned banks; National Bank of Egypt,…
Egypt’s Blom Bank Loans Inch to EGP3.7bn, Deposits EGP11.4bn in Sept
The total value of Blom Bank's loans and Facilities inched to EGP3.710 billion at the end of September 2014 against…
Egypt Pays back $2.5 Billion Deposit to Qatar: Central Bank Official
Egypt has paid back $2.5 billion that Qatar deposited with it to help prop up the Egyptian central bank's hard…
Egypt’s Central Bank Keeps Interest Rates Unchanged
In its meeting on Thursday and which marks the last held for 2014, the Central Bank of Egypt's Monetary Policy…
Egyptian Gulf Bank Eyes EGP1bn New Deposits by 2015
Egyptian Gulf Bank (EGB) is aiming to allure EGP1 billion new deposits by 2015. Head of Retail Banking Sector and…
CBE Accepts EGP55 bln at Deposit Operations Auction on Tuesday
The Central Bank of Egypt (CBE) accepted on Tuesday around EGP 55 billion of domestic surplus liquidity from local…
ISYS Kuwait’s Business Volume to Surge to US$1 bln in 5 Years
Managing Director and CEO of ISYS Kuwait Group Eng. Mohamed Al Rasheedy revealed that his company is planning to…
