CBE, banks face 6 major challenges in upcoming period
Challenges include adjusting foreign exchange market, rebuilding reserves, and controlling inflation, say analysts
Hossam Mounir
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Latest by Hossam Mounir
6 projects can push Egypt among most important economies worldwide: AIB Chairman
Suez Canal projects alone can strongly push the economy growth, says Seif El-Nasr
United Bank to issue investors guide on Egyptian land: Germeen Amer
Plan for promoting investment opportunities in Egypt should be conducted
I am optimistic for Egyptian economy’s future: Egyptian Arab Land Bank Deputy Chairman
Egypt needs highly efficient people who are able to make bold and fast decisions, says Al-Sharqawi
Work, production will pull Egypt out of crisis: HDB Chairman
Building pillars of state is the basis for achieving economic growth and stability, says El-Sebai
Promoting investment in Egypt requires professional body, efficient media plan: Elzeny
Experience of local and international investment banks alongside that of chambers of commerce can be used in attracting investors
Egyptian government keen to improve investment environment: Banque du Caire Chairman
As economy witnesses improvements, economically important projects in several sectors represent financing opportunities for banks
We need integrated marketing, media plan to reassure investors, attract more investments: El-Nahas
We should shed light on procedures Egyptian government recently udnertook to attract new investors and provide proper return on investment, says Banque du Caire official
Egypt becomes focus of world’s attention, promising market for investments: Banque Misr Chairman
New Suez Canal Project amazed the world by funding and implementation in record time
Egypt needs giant projects to move economy, push growth rates: Bankers
We need projects that achieve Egyptians’ dream of a better life, says Abdel Aal
Real estate sector to experience boom that may double prices in 3 years: El-Assal
Proposing new El-Alamein lands through auction threatens development operations
Size of FDI in Egypt amounts to $4.8bn in 2014
The size of foreign direct investments (FDIs) in Egypt during 2014 amounted to $4.8bn, according to the Arab-Brazilian Chamber of Commerce. The chamber issued a report indicating that the size of FDIs the Arab world reached $43.9bn last year. According to the Chamber, the UAE has been ranked first in terms of attracting FDIs totalling …
$3.7bn surplus in balance of payments for FY 2014/2015: CBE
FDI in Egypt increased to $6.4bn the past FY
UAB launches Euro-Arab dialogue to combat financing terrorism, money laundering
Chairman of the Union of Arab Banks, Mohamed Barakat, the President of the European Banking Federation (EBF) and Vice President of the Financial Action Task Force (FATF), opened the conference.
Salman affirms CBE’s independence
Following controversial statements on Egyptian pound depreciation, investment minister Salman attempted to calm down markets by confirming CBE’s independence
Egypt needs greater productivity to increase credit rating: MERIS Chairman
Egypt’s decision-making technique needs to change, says Hassanein
Arab Investment Bank allocates EGP 1bn to finance Suez Canal Development Axis project: Bank Chairman
Further, according to the AIB’s chairman, the Suez Canal hosts thousands of small and medium enterprises, and should include opportunities set aside for young people.
Outstanding balance of treasury bonds at EGP 614.19bn by end of August: Ministry of Finance
According to the Ministry of Finance, the balances of the second type of bond, the zero-coupon bond, is up to about EGP 61.29bn, with an average interest rate of 12.007%.
United Bank-Egypt appoints new acting chairman until end of 2015
Ashmawy concluded his work at the bank on Monday after nine years as Chairman of United Bank, and began his task in managing the “Tahya Masr” account on Tuesday.
Nagaty submits resignation from WASME
Khaled Nagaty rendered his resignation from his post as Vice President – MENA Region at the World Association for Small and Medium Enterprises (WASME).
CBE approves CIB’s acquisition of Citibank retail portfolio
The Central Bank of Egypt (CBE) approved, on Tuesday, the Commercial International Bank’s (CIB) acquisition of Citibank Egypt’s private retail banking portfolio.
HDB achieves EGP 322m in profits in H1 of 2015: Vice Chairman
Loans to deposits ratio increases 51% compared to 41% average ratio of Egyptian banking market
HDB achieves EGP 322m in profits in H1 of 2015: Vice Chairman
Loans to deposits ratio increases 51% compared to 41% average ratio of Egyptian banking market
CIB seeks to attract Vodafone, Etisalat to Automated Clearing House service
The Commercial International Bank-Egypt (CIB) will activate an agreement with Vodafone-Egypt and Etisalat-Egypt to include them in its Automated Clearing House (ACH) service in the upcoming period, according to a CIB official. According to the source, CIB has conducted 650,000 transactions through the ACH-Debit service within the first six months of 2015, with the number …
NBE studies granting EGP 6bn to 32 large companies
Demands from foreign investors received, mostly from the Gulf, to fund projects of March’s Economic Summit and Suez Canal, says Yassin
Lease activities in H1 of 2015 record EGP 9.9bn: EFSA head
40% of Global Lease’s finances will be directed to the SMEs sector
NBE gives EGP 320m to 2 construction, food companies: Corporate Banking Head
29% increase in loans to big companies in the past fiscal year, says Yassin
Al Baraka Bank-Egypt’s financing portfolio rose to EGP 10.2bn in June
Limited bank capital may limit ability to achieve rapid growth in its activity, says Beltone Financial
Private security companies expect to flourish in Suez Canal region
Area will attract banks and institutions which require private security, says Falcon Group Chairman
5 Egyptian banks among world’s top 1,000 banks: Union of Arab Banks
The Banker magazine report monitored largest world banks, according to Tier1Capital