bank

European Investment Bank’s investments in Egypt reach €9 billion
Business

European Investment Bank’s investments in Egypt reach €9 billion

The European Investment Bank (EIB) will enhance its partnership with Egypt to fund infrastructure projects and small and medium sized…
Iran’s central bank proposes slashing four zeros from falling currency: IRNA
Middle East

Iran’s central bank proposes slashing four zeros from falling currency: IRNA

  DUBAI (Reuters) – Iran’s central bank has proposed slashing four zeros from the rial, state news agency IRNA reported…
Qatar reshuffles cabinet, boards of Qatar Petroleum and Qatar Investment Authority
Middle East

Qatar reshuffles cabinet, boards of Qatar Petroleum and Qatar Investment Authority

DOHA (Reuters) – Qatar appointed the heads of its biggest bank and state-run oil firm to two key ministerial posts…
Egypt market capital falls LE25 billion after Mubarak’s sons arrested
Egypt

Egypt market capital falls LE25 billion after Mubarak’s sons arrested

  The Egyptian Exchange’s (EGX) market capital fell by LE25 billion, closing at LE825 billion on Sunday, after police arrested…
Egypt names HSBC lead bank for listing of Alexandria Mineral Oils Company
Business

Egypt names HSBC lead bank for listing of Alexandria Mineral Oils Company

  CAIRO (Reuters) – Egypt has named HSBC as lead bank to manage a public offering for a 20 percent…
Does nobody really care for Egypt’s interns?
Culture

Does nobody really care for Egypt’s interns?

  A satirical new TV campaign released by an Egyptian bank for Ramadan has indirectly shed light on an issue…
NBE, Banque Misr halt issuance of 17% savings certificates
Business

NBE, Banque Misr halt issuance of 17% savings certificates

Banque Misr and the National Bank of Egypt (NBE) stated they will be halting the issuance of savings certificates with fixed…
Individuals to obtain foreign currency without restrictions in 2017: CBE official
Business

Individuals to obtain foreign currency without restrictions in 2017: CBE official

Individuals will be able to obtain foreign currency from banks without restrictions by the end of 2017, Aswat Masriya reported…
Banque Misr supports cash transfers using cell phone number
Business

Banque Misr supports cash transfers using cell phone number

Banque Misr has announced a new cash transfer facility that relies on cell phone numbers, boasting the new service’s simplicity…
Celebrity chef Jamie Oliver hires bank to find restaurant investor: Times
Food

Celebrity chef Jamie Oliver hires bank to find restaurant investor: Times

British celebrity chef Jamie Oliver has hired advisers at Royal Bank of Canada to help find private equity investors and…
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