BANKING

22 Oct 2014

Egypt banks slowing government bond trade plan, regulator says


Plans to allow the trading of government debt on Egypt’s bourse have stalled amid the lack of “urgency” by banks that hold most of the securities, the market regulator said.

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20 Oct 2014

Bank of America Reports Third-quarter 2014 Net Income of $168 Million on Revenue of $21.4 Billion(A); Loss of $0.01 per Share After Preferred Dividends

Results Include DoJ Settlement Costs of $5.3 Billion (Pretax) or $0.43 per Share (After Tax)

Continued Business Momentum

  • Four of Five Businesses Report Higher Net Income Compared to Year-ago Quarter
  • Originated"...

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19 Oct 2014

CBE keeps rates on hold, monitoring risks from global growth jitters

Egypt's central bank kept its main interest rates unchanged at a policy meeting on Thursday but said it was keeping an eye on the risks to recovery posed by mounting concerns about the global economy and fears of a resurgence in European debt problems.


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18 Oct 2014

Egypt central bank keeps main interest rates unchanged

Egypt’s central bank has kept its main interest rates unchanged at a policy meeting late on Thursday but said it was keeping an eye on the risks to recovery posed by mounting concerns about the global economy and fears of a resurgence in European debt problems.

The bank kept overnight deposit and lending rates unchanged at 9.25 per cent and 10.25...

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15 Oct 2014

Egypt central bank seen keeping rates on hold as inflation eases

Egypt's central bank is expected to keep interest rates on hold on Thursday as inflationary pressure begins to ease after a spike following deep cuts to government energy subsidies in July.


The"...

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15 Oct 2014

Citi pulls consumer banks from Egypt and other markets

One of United states most international banks, exists Egypt and other markets but continues to serve institutional clients.

Citigroup Inc said on Tuesday it would exit consumer banking in 11 more markets, as the most international of the big U.S. banks looks to shrink its way to better profits.

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12 Oct 2014

EBRD invests $713m in 15 projects in Egypt: Philip ter Woort

Egypt Director at the European Bank for Reconstruction and Development (EBRD) Philip ter Woort gave an interview with Daily News Egypt to discuss investment projects, the current economic situation in Egypt, and discuss future financing plans.


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12 Oct 2014

QNB Group Financial Results for the Nine Months Ended 30 September 2014

QNB Group, one of the World’s Strongest Banks and the leading bank in the Middle East and North Africa, announced its results for the nine months ended 30 September 2014.


For the nine months of 2014, Net Profit was QR8.0 billion (USD2.2"......

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08 Oct 2014

Notable rise in output, new orders of private companies: HSBC

Output and new orders for non-oil private companies rose notably during September, with the headline Purchasing Managers’ Index (PMI) reaching 52.4, HSBC announced in its monthly PMI report.


“The"...

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02 Oct 2014

Panasonic and Coronal Group Complete Nine Solar Projects to Provide Clean, Renewable Energy to Southern California Edison Customers

Panasonic Enterprise Solutions Company (Panasonic) and Coronal Group LLC (Coronal) announce the completion of nine solar projects in Tulare and Kings Counties in Central California. The projects provide 16.2 MW of energy to Southern California Edison’s grid to power approximately 14,500"...

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