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Egypt banks to fund key low-income housing projectFour Egyptian banks will be arranging the biggest financing in the history of the country's housing sector worth E£20 billion ($2.25 billion) to build 500,000 low-income homes, said a report. State-run Social Housing Fun More… |
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Egypt banks to auction TbillsEgypt's central bank will resume its Treasury bill auctions on Monday after a one-week interruption caused by the country's political unrest, said central bank's deputy governor Hisham Ramez. Egypt's banks will reopen More… |
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Egypt banks shut downEgypt's banks will be shut on Sunday, the first day of the business week, the deputy central bank governor said, a move analysts said could spook investors looking to trade after unprecedented countrywide protests. Hisham Ramez also to More… |
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Egypt banks' exposure to Dubai World ‘modest’The total exposure of banks in Egypt to Dubai World's holding company is no more than $20 million, Al-Alam Al-Youm newspaper reported on Tuesday, citing the Central Bank of Egypt. Dubai rattled the financial world on November 25 when it as More… |
