Latest in Tag: National Bank of Egypt Highlight
Latest in Tag: National Bank of Egypt
$2.7bn bond package released several days ago on Irish stock market
Electronic payments specialist beat joint NBE-Banque Misr bid for the contract
Arab investors nevertheless label Egyptian banking sector ‘promising’
Gian Pietro Bordignon, the director of WFP in Egypt, spoke to Daily News Egypt about the organisation’s objectives and activities in the country.
The National Bank of Egypt’s (NBE) public assembly published the bank’s financial results for the fiscal year ending in June 2012.
Betting on their portfolio, Banque du Caire intends to increase car loans portfolio to 40%, CIB to spend EGP 150m by first quarter end
Bank raises interest rates on platinum by 2%
By Robert Tashima Despite an uncertain political climate and a sluggish economic recovery, the long-term prospects of Egyptian banks are attracting attention from their Gulf counterparts. Two recently announced acquisitions have brought the sector back into the headlines on a positive note, helping offset a recent ratings downgrade. While the transactions also represent the …
The new plan would charge the ministries of petroleum and mineral resources with implementing and overseeing the new “smart card” programme
The bank to allocate EGP 4bn to fund SMEs the current fiscal year
Amer resigns as president of the national bank just days after Al-Okda resigns from his post at the central bank
280 companies have been granted loans with updated registration requirements based on the standards of ITIDA
The beginning of this fiscal year has seen the EGPC balancing debt to banks and financial obligations to foreign companies
By Mohamed Gamal In a continuing effort to promote the agricultural sector, Egyptian officials agreed with Qatari businessmen to explore investment opportunities in the Egyptian agricultural sector. Last Friday, Prime Minister Hesham Qandil held talks with a Qatari delegation headed by Sheikh Nasser Bin Mohammed Al Hajri, CEO of Hassad Food, who expressed interest in …
$5 billion power stations to be installed during winter, says the ministry of Electricity
The significant reduction in bank loans to the petroleum and electricity sectors has opened up the chance for other economic sectors in need of financing.
By Walid Abdelazim An official at the National Bank of Egypt (NBE) stated that the bank is currently conducting studies into providing an additional EGP 300million for tourist projects in Marsa Alam and Taba. The official said that the NBE recently provided EGP 1million to the two cities, mostly for hotels to upgrade their insurance …
By Patrick Werr / Reuters CAIRO: Egypt’s government will begin selling three-year certificates of deposit (CDs) to Egyptians living abroad on Tuesday in a bid to reduce the country’s balance of payments shortfall and help fund its budget deficit. A year of political turmoil has eaten into key sources of foreign exchange for Egypt by weakening …