NBE Negotiates with Hurghada’s Tourist Client to Settle Debts worth EGP250mn
National Bank of Egypt (NBE) is currently negotiating with tourist client in Hurghada to settle debts worth EGP250…
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Central Bank of Egypt
HDB-Egypt Aims to Open 6 New Branches by 2015
Housing and Development bank (HDB) is aiming to inaugurate from 4 to 6 branches by the next year so as to support…
ISYS Kuwait Plans to Cooperate with NBE, C.Bank for E-Payment Services
Managing Director and CEO of ISYS Kuwait Group Engineer Mohamed Al Rasheedy said his company is planning to…
3 UAE Banks Mull Takeover of Citibank’s Egypt Retail Unit
Three UAE banks operating in the Egypt’s market are planning to compete over the individual financing portfolio of…
Egypt’s Foreign Reserves Rise $38mn in October – CBE
Egypt's foreign reserves registered a $38 surge to hit $16.909 billion at the end of October from $16.871 billion…
Egypt to Repay $2.5bn Qatari Deposit at End-Nov –C.bank Source
Egypt will repay a $2.5 billion deposit to Qatar at the end of November, bringing to $6 billion the deposits it has…
Arab International Bank Plans Offering Banking Services in EGP by Q1
The Arab International Bank (AIB) is aiming to start offering banking services in local currency (Egyptian pound)…
Bank Audi, Egyptian Takaful Cooperate to Launch Banking Insurance Services
Bank Audi has signed cooperation agreement with Egyptian Life Takaful Insurance Company which affiliated to Arab…
Domestic Debt Recorded at EGP1.8 trillion by June 2014: CBE
Domestic debt reached EGP 1.8tn in June 2014, of which 84.7% was government debt and 3.2% was public economic…
Iskan Insurance Starts Bancassurance Activities via HDB’s Two Branches
Iskan Insurance Company has recently started bancassurance activities through two branches of the Housing and…
