Latest in Tag: National Bank of Egypt Highlight

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Latest in Tag: National Bank of 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

Egypt’s banking sector is optimistic about change

Recent improvements seen in the stock market and decreases in the cost of insuring government debt have reflected positively on the feelings of those working and operating within the sector, who recently decided to decrease return rates on Treasury bonds by 1%

Daily News Egypt

Costs of future government borrowing bogged down by uncertainty

Return rates on government debt tools have been steadily increasing since former president Mohamed Morsi’s constitutional declaration on 22 November 2012, a fact which has been compounded by repeated credit downgrades seen since the outbreak of the January 25th revolution by international rating agencies.

Daily News Egypt