United Bank establishes specialised technical, advisory support unit for entrepreneurs
The unit aims to ensure the continuity of the project and the return on the invested money, said El Kady
Hossam Mounir
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BM SMEs portfolio registers EGP 4.4bn at end of June
Bank launches training programme to raise entrepreneurs’ awareness in Alexandria
CBE grants ABE deposit of EGP 4bn for 10 years
The Egyptian Agricultural Bank’s losses fell from EGP 1.084bn at the end of June 2016 to EGP 70m the next year
Military Production Ministry handles bread, supply commodities system
Contract signed between the Information Systems and Computers Centre and the Supply Commodities Authority to manage and supervise the operation of the system using the smart family card
Egypt, Bulgaria cooperate in military and civil manufacturing
Trade volume between the two countries registered $64.2min Q1 2017
Detention of Saleh Kamel does not impact Al Baraka Bank Egypt
Bank CEO said the bank is an Egyptian shareholding company and is subject to the supervision of the CBE, Saudi businessman does not directly contribute to the bank and is not a member of the board of directors
Flotation decision was an urgent necessity and action taken at the right time: Banks officials
Decision contributed to increasing FX Reserves to $36.5bn, and positively impacted banks activity, El-Refaie said
Linking Egyptian banks to COMESA supports economic relations, facilitates funds transfer: CBE Deputy Governor
Starting series of workshops to raise awareness of all state sectors of the new system and its importance
Foreign exchange reserves up by $168.6m at end October
Hard cash liquidity up $244m, gold value down by $70m: CBE
T-Bonds outstanding balances increased by EGP 9.7 bn end of October: Finance Ministry
EGP 8.5bn worth of bonds due in November, maturity period extended to May 2027
The Egyptian Banking Institute (EIB) is organising a seminar on financing green projects
The Research and Awareness Department at the EIB is organising a seminar for journalists on Wednesday, entitled “Financing Green Projects”. Hoda Sabri, a financial and banking expert, has worked for several years in foreign banks inside and outside Egypt in the fields of project finance and credit, branch management, investment and corporate finance, and small …
Mashreq Bank Egypt inaugurates its new branch to serve Mashreq Gold customers, SMEs, and corporations
Mashreq Bank Egypt announced the inauguration of its new branch in Heliopolis within the bank’s expansion strategy and plan. This branch is dedicated to serve Mashreq Gold customers, SMEs, and corporations in order to ease their procedures and save clients’ time. Shaker Zainal, head of retail at Mashreq Bank Egypt, commented, “Mashreq Egypt has dedicated …
Small construction companies demand banks to support them
The small and medium-sized companies working in the construction sector demanded that the financing obstacles faced by these companies, especially the serious companies qualified to participate in the development plan adopted by the state, be canceled. According to Daker Abd Allah, a member of the board of directors of the Egyptian Federation For Construction & …
Banque du Caire arranges two loans for petroleum sector worth EGP 4-5bn
The bank is considering contributing to the Islamic loan, which is arranged by Banque Misr for Egyptian Iron, worth EGP 200m
Suez Canal Bank plans to break into retail banking, real estate finance, SME financing in its new strategy: chairperson
The bank has established 3 new departments specialised in these activities and is currently preparing its own cadres: Refaei
Flotation was boldest decision in history of Egyptian economic, banking sectors
FX up by $17bn, foreign investments in government debt instruments mark $18bn
Tarek Metwally resigns from BLOM Bank Egypt after 31 years
Metwally was the Deputy Managing Director and Board Member
Banks granted credit facilities of EGP 1.413tn until July: CBE
Industry sector obtained 35.9% of total credit, agriculture sector share declines to 1%
Egypt is a great country and my visit to the pyramids is an amazing experience, says Patrick Kluivert
Barcelona player Patrick Kluivert said Egypt is a great country with a long history. During the press conference that was organized by the Emirates NBD Egypt to celebrate the partnership between the bank and the Barcelona team he said “I am pleased with the visit to Egypt in which Emirates NBD Egypt and the Barcelona …
CBE Governor directs banks to expand financing of SMEs
Restructuring the Credit Guarantee Co. S.A.E is an important step to provide financing for new companies, says Helal
Banks block terrorism by expanding financing for small, medium and micro enterprises
CBE believes SMEs can counter terrorism through creating jobs, reducing unemployment, says El-kholy
Banks put women’s economic, social empowerment at top of priorities
Initiatives and funding programmes for women led by the CBE in cooperation with the National Council for Women and a number of bodies and banks
3 banks contribute largest share of financing for housing loans
HDBEG contributes EGP 3.5bn to the CBE’s initiative, NBE gives EGP 2bn, and Banque Misr’ share accounts for 22.5%
NBE enables paying tax, tuition fees electronically
We are seeking to launch Debit Business Card to provide more alternatives to customers to pay government dues through the bank’s website: Hegazy
NFA at CBE reached EGP 95.2bn by July 2017
FDI up to $7.9bn in FY 2016/2017: CBE
Deposits up by EGP 30bn, loans down by EGP 13bn at end of July: CBE
Deposits amount to EGP 3.07tn against EGP 1.405tn of loans
Emirates NBD-Egypt to host Patrick Kluivert in Pyramids to promote tourism
The bank signed a partnership agreement with FC Barcelona to strengthen CBE’s financial inclusion initiative
Only 33% of Egyptian adults own bank accounts: deputy CBE governor
We call on banks to cooperate with the National Council for Women to facilitate opening accounts for women, says El Khouly
Egypt imports register $36.21bn in first 7 months against $14.854bn of imports: CAPMAS
Industry needs, fuel, oil and capital goods are at the top of imported goods, passenger cars are the lowest exports
Trade deficit balance in 7 months reaches $21.3bn
Egypt imported contraceptives from Germany worth $50m in 7 months, animal food worth $86.2m, toys worth $30.9m, according to CAPMAS