Egypt imports between $10 billion and $12 billion in foods a year, including $6 billion in wheat, …
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Banks news
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Mashreq Bank Egypt announced Tuesday the inauguration of its new branch in 103 Al-Thawra St, Heliopolis within …
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Banks
Emirates NBD Egypt posts 847 million pounds in nine-month profit
by Yomna Yasserby Yomna YasserThe Egyptian arm of Dubai largest lender Emirates NBD has posted a nine-month profit worth 847 million …
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Banks
Banque Du Caire may pump €35 mln into Suez Canal and railway loans
by Yomna Yasserby Yomna YasserBanque Du Caire, one of Egypt’s largest and oldest public banks, is considering spending between €30 million …
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Egyptian central bank’s assistant sub-governor says around 70 percent of the banks’ financing for micro, small and …
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National Bank of Egypt (NBE), the country’s largest state bank, is negotiating loans worth €800 million ($941.1 …
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Barclays reported Thursday a worse than expected profit before tax for the third quarter of 1.1 billion …
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Banks
Deutsche Bank Q3 profits more than double, smash market estimates
by Yomna Yasserby Yomna YasserGerman lender Deutsche Bank reported Thursday a strong increase in third-quarter net profit, beating analyst expectations despite …
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Banks
ECB’s Mario Draghi needs to avoid a ‘taper tantrum’ at policy making meeting
by Yomna Yasserby Yomna YasserThe European Central Bank (ECB) meets Thursday for its long-awaited policy decision, potentially spelling out the beginning …
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Banks
Egypt’s domestic debt hikes to 3.61 trillion pounds at June-end
by Yomna Yasserby Yomna YasserEgypt’s domestic debt rose to 3.160 trillion Egyptian pounds ($179 billion) at the end of June, the …