BANKING

16 Apr 2014

AfDB's 'Egypt-COMESA Trade Enhancement Forum' Brings Together Experts to Boost Regional Integration Through Trade and Investment

More than 70 senior officials representing the Common Market for Eastern and Southern Africa (COMESA) trade bloc, the Egyptian export and business council private sector, leading banks and related ministries, attended the African Development"...

Continue Reading

15 Apr 2014

Egypt pound weakens at central bank's dollar sale and on black market


The Egyptian pound weakened at a central bank dollar sale and on the black market on Monday, after hitting a six-month low last week.

The central bank said it sold dollars at a cut-off price of LE"...

Continue Reading

13 Apr 2014

Bank Muscat and AIG Form Bancassurance Partnership in Oman

Bank Muscat, the flagship financial services provider in the Sultanate of Oman, and American International Group, Inc (NYSE: AIG) today announced that they have entered into a 10-year strategic bancassurance agreement under which AIG will become the exclusive provider of non-life insurance"...

Continue Reading

09 Apr 2014

QNB Group: Financial Results for the Three Months Ended 31 March 2014

QNB Group, the World’s Strongest Bank and the leading bank in the Middle East and North Africa, announced its results for the three months ended 31 March 2014. These results include the financial results of QNB ALAHLI in Egypt.


...

Continue Reading

07 Apr 2014

ADIB Egypt registers first positive net income since 2007


Abu Dhabi Islamic Bank (ADIB) in Egypt announced its financial results for 2013, reporting its first positive net income since 2007 with EGP 103m. In 2012, the bank’s net income recorded EGP 855m.


"...

Continue Reading

06 Apr 2014

World Bank loans Egypt $300m to grow small businesses


The World Bank’s board of executive directors agreed on 1 April to loan Egypt $300m to help finance micro and small enterprises (MSEs), according to a statement from the organisation.


"...

Continue Reading

03 Apr 2014

Egypt’s foreign reserves rise to $17.42b in March

Egypt’s foreign reserves rose to around $17.42 billion in March from $17.307 billion in February, central bank governor Hisham Ramez said, edging further away from critical lows they hit last year.

The reserves fell sharply following the uprising that ousted President Hosni Mubarak in early 2011, but have been bolstered since last summer when Gulf...

Continue Reading

01 Apr 2014

Egyptian pound strengthens slightly at c.bank dollar sale


Egypt's pound strengthened marginally against the dollar at a central bank dollar sale on Monday after weakening at the previous two sessions, and also firmed slightly on the black market.


"...

Continue Reading

01 Apr 2014

EBRD invests $190m in Egyptian power plants


Ministry of Electricity took out a $190m loan Monday with the European Bank for Reconstruction and Development (EBRD) to finance the Shabab and the West Damietta power plants, according to a ministry statement.


"...

Continue Reading

01 Apr 2014

AFDB to increase lending programme to Egypt in 2015

The African Development Bank (AFDB) announced that it plans to continue its support to the Egyptian government by expanding its lending programme in 2015. The bank aims to finance projects in the water, irrigation and energy sectors along with small and medium enterprises (SMEs).


"...

Continue Reading
Found articles: 25 - Pages  1 2 3 
Contact US | Powered by CNPHUB.com - All Rights Reserved