NBE Freezes Negotiations Over Settling Taysir El-Hawari’s Debts
The negotiations between the National Bank of Egypt (NBE) and the loan-defaulting businessman Taysir El-Hawari, who…
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egyptian banks
Agricultural Credit Bank Plans Launching Sukuk In 2012
The Principal Bank for Development and Agricultural Credit targets to launch new sukuk instrument before the end of…
NBE May Incur EGP 400 Mln Loss On Loan To National Gas
The National Bank of Egypt (NBE) may incur a loss of EGP 400 million, which is the value of loans offered to the…
United Bank Signs First Two Islamic Finance Contracts
The United Bank of Egypt signed the first two sharia-compliant syndicated loan contracts, said Mohamed Ashmawy, the…
Agricultural Credit Bank’s Islamic Units Achieved EGP 5.4 Mln Budget Surplus
The Principal Bank for Development and Agricultural Credit’s Islamic units achieved budget surplus of EGP 5.455…
Banque Misr, CIB, Ahli United Seek Contributors To US$290 Mln Loan
A consortium comprised of Banque Misr, Commercial International Bank (CIB) and Ahli United Bank (Egypt) has started…
NBD Mulls Providing Emaar Misr With EGP 200 Mln Finance
The National Bank for Development (NBD) considers providing sharia-compliant credit facilities amounting to EGP 200…
Banque Misr Allocates EGP 500 Mln For Mortgage
Banque Misr has allocated EGP 500 million for the mortgage product that will be launched before the end of 2012.…
East Delta Electricity Co. To Hold GM For Islamic Syndicated Loan
The Board of Directors of the East Delta Electricity Production Company will meet next Monday to approve the…
SFD To Launch New Murabaha Product
The Social Fund for Development (SFD) targets to launch a new sharia-compliant Murabaha product, said Nevine Gamea,…
