12 Feb 2015
The Central Bank of Egypt (CBE) will approve the Ministry of Tourism’s request for a currency exchange system with Russian companies, according to a Tourism Ministry official.
11 Feb 2015
Egypt’s ABC bank saw a week’s worth of dollar inflows in the single day after the Central Bank of Egypt introduced new limits on dollar cash deposits last week, says CEO Akram Al-Tenawy.
10 Feb 2015
The European Bank for Reconstruction and Development (EBRD) has provided Egyptian oil service company Advanced Energy Systems SAE (ADES) with a $28m loan.
The loan will support “a company which applies the best environmental, health and safety (EHS) standards in the local oil and gas industry”.
09 Feb 2015
NBK Capital is pleased to announce that its National Bank of Kuwait - Egypt Balanced Fund (Al-Mizan), managed by NBK Capital Asset Management Egypt, has been recognized by the MENA Fund Manager Magazine as “The Best Performing Fund” in its Balanced Class in the region. This award"...Continue Reading
08 Feb 2015
07 Feb 2015
04 Feb 2015
02 Feb 2015
A unit of the Jeddah-based Islamic Development Bank, a multilateral lending institution, has provided $80 million worth of sharia-compliant reinsurance to cover political risk for oil and gas projects in ...
A unit of the Jeddah-based Islamic Development Bank, a multilateral lending institution, has provided $80 million worth of sharia-compliant reinsurance to cover political risk for oil and gas projects in ...Continue Reading
01 Feb 2015
In late 2007, former Governor of the Central Bank of Egypt (CBE) Farouk Al-Okda met the bank heads to establish e-payments and e-collection of government taxes and customs centres. During the meeting, the"...Continue Reading
01 Feb 2015
Al Baraka Bank Egypt, a subsidiary banking unit of Bahrain-based Al Baraka Banking Group (ABG) and its investment arm in Egypt, announced that net income jumped by 36.1 per cent in 2014 compared to the previous year.
Total assets increased by 22.1 per cent, financing portfolio by 20.9 per cent, customer deposits by 21.2 per cent at the end of December...
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