Bank News
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Banks offering dollars lure Egyptians from the dark side
Egyptian lenders need billions of dollars to meet demand from businesses starved for dollars.
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Egypt to face pain before gain after massive currency devaluation
Inflows of hard currency may be slow to arrive, at least in the huge volumes required to eliminate the dollar shortage and bring investors.
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Egypt central bank liberalizes exchange rate
The exchange rate will be set by “supply and demand,” Amer said.
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Egypt PM says central bank to fix currency crisis soon
Egypt’s economy has been suffering from a shortage of hard currency that officials have said a $12 billion loan from the IMF would help solve.
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A Necessary But Insufficient Devaluation
As previous devaluations show, it is necessary to have a sufficient liquidity shield to maintain control over Forex market.
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Barclays to sell its Egypt business to Attijariwafa Bank
Barclays is thus ending its 150 years of history in Egypt, where it has around 56 branches and 1,500 employees.
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Analysis of Cards and Payments Industry in Kuwait : Demands, Insights, Research and Forecast 2016-2020
ResearchMoz presents this most up-to-date research on The Cards and Payments Industry in Kuwait: Emerging Trends and Opportunities to 2020.
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United States Wireless POS Terminals Industry 2016 Market Overview, Size, Share, Trends, Growth and Analysis
United States Wireless POS Terminals Industry 2016 Market Overview, Size, Share, Trends, Analysis, Technology, Applications, Growth and Market Status.
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NBE raises interest rate by 1% on savings accounts, 0.75% on deposits
Banque Misr may approve a limited increase of the interest rate on short-term savings funds.
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NBE studying expansion into Saudi market
Bank collected $500m from foreign currency saving schemes.
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Egypt's Central Bank keeps key interest rates unchanged
Annual urban consumer inflation eased for the third consecutive month in March to 9 percent from 9.1 percent in February.
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Egypt's central bank sells $118.7 million at Tuesday auction
Egypt's public prosecutor is investigating several bureaus accused by the central bank of hoarding dollars.
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Egypt's foreign currency reserves slightly up in March
The central bank will repay $800 million to the Paris Club and the remaining $1 billion it owes to Qatar next July.
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NBK-Egypt posts $64m net profit, up 53pc
The net loans and advances reached EGP13.8 billion at year-end 2015, up 37.4 per cent compared to the previous year.
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Egypt banks to seek new chiefs under term limit rule
The central bank issued a nine-year term limit for banks top executives, described as an effort to revitalize the industry.
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Offering United Bank for sale still pending
CBE, other parties still studying issue of sale, we have not received instructions so far, says El-Kady.
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Egypt Bank Liquidity Seen Improving After Pound Devaluation
Egypt devalued its currency by about 13 percent at a local sale of greenbacks on Monday and said it would adopt a more flexible exchange rate.
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Egypt’s external debt hits $47.8 billion in 2015
Tuesday’s auction was the second consecutive day in which the CBE issued an exceptional tender to inject foreign currency liquidity into banks.
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Egypt's black market battle: CBE auctions another $1.5M
CBE will hold an exceptional dollar auction for $1.5bn on Wednesday to cover the outstanding debts importers owe to the banks in foreign currency.
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Egypt's public banks to issue Euro certificates for citizens abroad
Egypt's foreign currency reserves have declined by more than half since 2011, reaching $16.534 billion in February.