Egypt's business community will breathe easier when Tarek Amer takes charge at CBE on Friday with hopes high he will revamp a monetary policy.
28.11.2015 Business Standard
The bank will increase its capital from its reserves and in return will issue 229.4 million shares in the bonus issue at a value of LE10 per share.
25.11.2015 Ahram Online
Egypt has been suffering from an acute dollar shortage that has left imports piling up at ports with companies unable to open letters of credit.
18.11.2015 Ahram Online
The move comes after five lead Egyptian banks last week raised interest rates to above 12 percent.
16.11.2015 Ahram Online
5 UAE banks currently operate in the Egyptian market; ENBD, the National Bank of Abu Dhabi, Abu Dhabi Islamic Bank, Union National Bank and Mashreq.
16.11.2015 Daily News Egypt
Gamal negm will serve as a caretaker as Ramez will be on leave until the end of his term in 26 November then Tarek Amer takes over.
12.11.2015 Ahram online
Egypt’s attempt to preempt a collapse in the currency isn’t convincing investors it can avoid an eventual devaluation.
12.11.2015 Bloomberg
Al Ahli paid $150 million for the stake in the Greek lender's Egyptian unit.
11.11.2015 Ahram Online
On Sunday, Egypt's largest two state-owned banks launched savings certificates for Egyptian pounds at an interest rate of 12.5 percent.
11.11.2015 Ahram Online
UNB supports Emirati investors in Egypt, and issued letters of guarantee worth $150m for the National Drilling Company to dig the New Suez Canal.
09.11.2015 Daily News Egypt
