EBI kicks off 2018 with launch of e-learning services: executive director
EBI trains more than 50,000 trainees annually, provides over 63,000 training hours, 3,200 training programmes, says Nossier
Hossam Mounir
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AIBK, vaIU agree to support car sales for Uber drivers through installments
Protocol aims to boost financial inclusion in Egypt
Egypt to host Seamless North Africa fintech conference for first time
Holding conference under president’s auspices reflects Egyptian state’s interest to transform into regional investment hub using innovative financial technology, says Amer
EALB studying granting EGP 3bn for various economic institutions’ activities
Bank contributed EGP 175m in joint loan granted to Memaar Al Morshedy
Egypt repays $1.36bn worth of international bonds
Outstanding bonds fell to $12.64bn at end-December 2017
SMEDA signs agreement with IOM to implement local development initiative
We will begin in Assiut because it is one of highest illegal emigrant-exporting governorates, says Gamea
IDWBE corporate financing portfolio up by EGP 1bn: vice chairperson
Bank aims to inject EGP 450m to link natural gas to 160,000 households, says Azzam
ABE aims injecting EGP 4.5bn in new loans during 2018: El Kosayar
ABE directs about 80% of loan portfolio to agricultural, livestock sectors, associated activities
ABE, 3 government agencies manage provision of livestock, distribution to small breeders
Bank will provide necessary funds for livestock imports, says El Kosayar
CBE issues standard criteria for accepting electronic payment using QR Code
Standard criteria is a new step towards digital economy and contributing to the faster and more secure provision of financial services to all citizens at a lower cost, says Helal
Aman Microfinance aims to open 150 branches within five years
Aman Microfinance, which focuses on micro projects, has obtained the temporary license from the Egyptian Financial Regulatory Authority (FRA) to practice its activity in the Egyptian local market in accordance with the provisions of the Micro Enterprise Law No. 141 of 2014 and the rules and standards of practice issued by the FRA board of …
Banking experts expect economy to boom in 2018
Energy, construction, SMEs will playbiggest role in raising economic growth rates this year
NBE to manage finances of Zohr gas field
NBE to manage finances of Zohr gas field
Arab Investment Bank aims to boost loans portfolio to EGP 15bn by end-2018: chairperson
We eye 50% growth in financing, 30% in deposits, profits, says Seif El Nasr
Egypt to reap economic reform fruits in 2018: El-Damaty
Banks will focus on financing renewable energy, construction, communications sectors in coming period, while continuing to support SMEs
2018 to see 6% economic growth rates in 2018: El-Kosayer
Public debt is still safe and, unlikely to increase, keeping the current level of reserves is a great achievement
Industry future of state in coming period next to SMEs: Fahmy
Energy sector is most prominent sector that can contribute strongly to growth, especially after recent oil discoveries like Zohr
SMEs base for comprehensive development: Refaie
Suez Canal Bank agreed to participate in loans worth EGP 4bn for various economic sectors in 2017, says El-Refaie
Economic growth, high standard of living depend on SMEs expansion: Abdeen
Banks working to accelerate production, achieve sustainable development by focusing on funding vital sectors such as industry, agriculture, renewable energy
Banks to continue supporting government developmental plan in 2018: Fayed
We expect Egyptian economy in 2018 to witness higher growth rates reaching 4.5-5% more than prior year
Dealers expect dollar value to range from EGP 17-19.5 in 2018
Growth rate to range from 4-5%, inflation to decrease to 13-15%
Five main aspects of theto United Bank’s work strategy in 2018: chairperson
Package of new digital solutions will be launched, customers will be educated, financial inclusion campaign will be intensified, base of beneficiaries will be maximised, says El Kady
Rania Al-Mashat: from IMF to Tourism Ministry
The Egyptian Parliament approved on Sunday the appointment of Rania A. Al-Mashat as tourism minister, replacing Yehya Rashid. Al-Mashat previously served as a senior economic adviser to the International Monetary Fund (IMF), which made her the first Egyptian woman to hold the position. Al-Mashat obtained a BA in Economics from the American University in Cairo …
NBE pumped EGP 18.6bn to finance 17,800 small projects in two years: bank VP
SMEs portfolio increased to EGP 39.8bn for 57,400 projects by end-December, says Al-Baz
NBE contributed EGP 30.6bn to syndicated loans in 2017
Bank supported by huge capital base of over EGP 93bn, providing opportunity to inject large funds individually or through participation in banking alliances, says Aboul Fotouh
MSME injects EGP 4.8bn into projects in 2017
MSME financed 224,000 small, micro projects worth EGP 4.5bn, along with labour-intensive infrastructure, community services projects, says Gamea
Egyptian remittances score $10.4bn from July-November 2017: CBE
Egyptians’ remittances recorded about $2.2bn in November 2017, compared to $2.1bn in November 2016
CBE opens account to collect change from checks, remittances, directs them to development projects
CBE called on banks to transfer change to main account at end of each month to direct to Tahya Misr Fund
NBE, Local Development Ministry, Misr El Kheir sign protocol to support development projects in North Sinai
Protocol reflects NBE’s interest in development by providing funding for SMEs, affirms Okasha
CBE warns against dealing in Bitcoin
Cryptocurrencies lack guarantee and official government support as opposed to official currencies: CBE