Beltone foresees an 8.4% GDP overall budget deficit in FY 2018/19
Fuel subsidies to hit EGP 120bn, against government target of EGP 89bn as international oil prices rise
Hossam Mounir
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Latest by Hossam Mounir
Customs dollar set at EGP 16 in August: finance minister
Capital Economics expects customs dollar to rise to EGP 19 by year end, EGP 20 by 2020, amid cautious market
NBE, EIB sign €375m agreement to finance Egyptian SMEs
SME portfolio amounted to EGP 44bn at end of June, says Okasha
Banque du Caire issues 36,000 Aman certificates worth EGP 38.2m: bank chairperson
There are other purchase requests under implementation worth EGP 213m, 10 bank clients won in first draw for holders of certificate, says Fayed
Five key themes of IDB launch: chairperson
We aim to overcome financial position problem, deferred losses by end of 2018, followed by increasing capital, says Fahmy
2.6% increase in manufacturing, extractive industries index in May 2018: CAPMAS
The manufacturing and extractive industries index, excluding crude oil and petroleum products, scored 125.97 in May 2018, compared to 122.78 in April 2018, marking an increase of 2.6%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). The manufacturing of wearing apparel index reached 126.03 in May 2018, compared to 96.66 in April …
IDB signs protocol with SMEDA to provide microfinance services
Bank aims to access 100,000 clients to provide jobs, curb unemployment
HC expects banks to remain profitable on higher non-interest income, normalised NIMs
Resilient NIMs on sound liability management
CBE reveals several important indicators of performance of banks during Q1 2018
More than EGP 39bn increase in volume of deposits, EGP 85.2bn in loans
Defaulting clients visiting government banks to settle their debts
Initiative benefits 1,635 companies,17,000 individuals in NBE with total debt of EGP 700m, says Aboul Fotouh
SMEDA signs financing contracts of micro-projects with 9 NGOs
SMEDA will provide EGP 15m to finance 1,500 projects
ABE, Ministry of Irrigation sign joint cooperation protocol in field of funding modern irrigation projects
Bank will fund these projects within framework of its role in achieving rural, agricultural development
Inauguration ceremony, first council meeting of China-Arab Countries Inter-Bank Association led by NBE, CBD
Establishment of association marks a new milestone in relationship between China and member Arab countries, will efficiently lead to advancement of Belt and Road Initiative, says Aboul Fotouh
Total credit facilities by banks increased by EGP 123.2bn in nine months
Industry alone received 25.2% of total credit granted by banks to non-governmental economic activities, states CBE
Egypt hosts 57th ACI World Congress, 43rd ICA Conference
Choosing Egypt to be host is an international testimony to success of implemented financial, banking reforms, says Khattab
Does Egypt need more external borrowing?
Egypt’s lack of control over foreign debt could cause negative pressure on its credit rating in future, says Standard & Poor’s
IDBE signs cooperation protocol with MFF to increase its share in CBE’s initiative to EGP 1bn
Bank funds 5,220 clients with EGP 529m within initiative, says Fahmy
Al Baraka Banking Group puts Egyptian market at top of its priorities: CEO
Bank celebrates opening of its new headquarters in 5th Settlement
New Administrative Capital Company, SMEDA sign MoU in field of small projects to establish permanent branch, exhibition of SMEDA in new capital
Niven Gamea, CEO of the Micro, Small, and Medium Enterprises Development Agency (SMEDA), and Yasser Al Baroudi, head of the Administrative Services Sector in the New Administrative Capital Company, signed a memorandum of understanding (MoU) to establish a branch of the SMEDA in the New Administrative Capital to provide all the financial and non-financial services …
SMEDA funds selling points vehicles project with EGP 160m
Project provides 2,000 opportunity for youth in cooperation with Ministry of Supply, National Bank of Egypt
Limited-income mortgage finance portfolio at NBE reaches EGP 3.6bn
We are studying 10,409 files worth EGP 1.1bn, with plans to boost portfolio to EGP 3.7bn, says Aboul Fotouh
United Bank intends to settle EGP 500m worth of bad debts within CBE initiative
We do a comprehensive inventory of our defaulting customers, study reasons for their failure, then settle with those who meet terms, conditions of initiative, says El Kady
Banks invested EGP 650bn in T-bills until end of March 2018: CBE
Government banks invested EGP 333bn, private banks invested EGP 279.8n, foreign banks invested EGP 26.1bn, and specialised banks invested EGP 11.1bn
Establishment of Egyptian association targeting development of informal economy begins
Our goal is to contribute to integration of informal economy into whole state’s system: Nagaty
Egypt wins presidency of ICSB
Osman council president, Abu Elazm member for Africa, Europe
IDWBE injects EGP 675m to deliver gas to 375,000 residential units
Bank signs three contracts with Cairo Gas, Sinai Gas, PetroTrade
Governmental banks start receiving defaulting clients’ requests to settle debts in implementation of CBE initiative
Initiative benefits companies whose debts are less than EGP 10m, individuals without credit card debts
8.65% decrease in manufacturing, extractive industries index during April 2018: CAPMAS
The manufacturing and extractive industries index, excluding crude oil and petroleum products, scored 130.46 during April 2018, compared to 142.82 during March 2018, marking a decrease of 8.65%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). The index for the manufacture of basic pharmaceutical products and pharmaceutical preparations reached 150.03 in April …
High return on debt instruments maintains attractiveness of investment in Egyptian market: Beltone
Decision to stabilise interest rate was expected, took into account expected inflationary pressures resulting from recent increase in prices of water, electricity, fuel
Government intends to borrow EGP 475.5bn from domestic market in Q1 2018/2019
Finance Ministry floated debt instruments worth EGP 1.614tn in FY 2017/2018