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Egypt, EIB sign declaration of intent to finance developmental projects: International Cooperation Minister

By Mohamed Ayyad During the Economic Summit in mid-March, Egypt signed a declaration of intent with the European Investment Bank (EIB),  to finance developmentprojects, said Minister of International Cooperation Nagla Al-Ahwani in a statement Sunday. The declaration with EIB included many sectors in which the bank is willing to fund in the period between 2015-2017. …

Mohamed Ayyad

NBE’s deposits reach EGP 405bn

The total amount of National Bank of Egypt’s (NBE) loan portfolio has registered EGP 136bn, said Hisham Okasha, General Manager of NBE. Meanwhile, the net loan portfolio of the bank amounted to EGP 129bn, Okasha noted, adding that the current deposits portfolio EGP 405bn. NBE is currently setting a medium-term plan for geographical expansion, which …

Daily News Egypt

Government keen on supporting industry complexes, SMEs: Trade minister

The government is keen on giving a boost to all industry complexes nationwide as they involve many small and medium-sized enterprises (SMEs) that represent the larger slice of the Egyptian economy, Minister of Trade, Industry, and Small and Medium-sized Enterprises Mounir Fakhry Abdel Nour said. The minister said that his ministry has an ambitious plan …

Daily News Egypt