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Dozens of organisations will receive donations, such as the Misr El Kheir Foundation, Magdi Yacoub Heart Foundation, 57357 Hospital, Orman Charity Association, and Resala
The CBE announced on Wednesday evening that its foreign exchange reserves increased by $510m in May, registering $17.520bn, compared to $17.010bn in April
The plan includes five pillars, the most important of which is the expansion in lending for huge projects and multi-national companies and focusing on financing SMEs, said Sherif
The Central Bank of Egypt (CBE) announced that foreign reserves increased by $510m during May, to register the eighth monthly consecutive rise. In a press statement released on Wednesday, the CBE said that foreign exchange reserves rose to $17.520bn in May, compared to $17.01bn in April. The CBE did not reveal the reasons for this …
The programme is being implemented in cooperation with the Egyptian Banking Institute, NBE, and BM: Mahfouz
Hegazy attributed the bank’s success in being able to finance its large number of clients to its ongoing cooperation with concerned parties, such as the CBE and the Mortgage Finance Fund (MFF), in addition to covering all geographic areas in Egypt
The 1864 Accelerator aims to qualify a new generation of entrepreneurs in Egypt through the adoption of creative ideas that can open up new opportunities in FinTech
The agency issued its annual bulletin on finance indicators of public business and public sector companies, except banks and insurance companies, for FY 2014/2015 on Tuesday.
A committee will be formed to review the Investment Law and extra incentives to encourage and reassure investors, says Abou Al-Ela
The conference will be held in Sharm El-Sheikh from 22-24 September and attended by more than 600 investors
The agency stated in its annual bulletin issued on Sunday that the decline in reclaimed land is caused by the reduction of cooperative societies provisions of reclaimed land
Rania Al-Mashat will assume her duties in early August
The CBE’s legal department should compile suggestions and form a committee for study, says FEB legal adviser
The CBE’s approval is required for delegates to market their products, says deputy governor
The bank follows a special philosophy in dealing with these enterprises based on sustainable development and focusing on quality along with quantity
We want to have a good position in financing SMEs first, we do not know the strategy of the bank’s new buyer, said El Behery
The CBE sold $118.7m US dollars at a fixed price of EGP 8.78
El-Salawy was the deputy chief executive officer at the Union National Bank (UNB), leading the Corporate Banking Division, Treasury and Investment, SMEs and Financial Institution activities
The total amount of produced clean water stood at 8.87bn cubic meters in FY 2013/2014 compared to 8.79bn cubic meters in 2012/2013, an increase of 0.9%
Previous disputes between banks and the Egyptian Tax Authority on the definition of banking services are behind banks’ unwillingness to abide by VAT, says FEB adviser
The total index for the manufacture of mining and quarrying reached 68.56 in March, compared to 107.97 in February
Falcon National for Security will begin operations soon to secure airports, says CEO
The Central Bank of Egypt (CBE) devaluated the pound by 13% in March 2016, which hints at further devaluations, according to Standard & Poor’s.
The bank settled EGP 2bn of non-performing debts from July 2015 until the end of April 2016, says Aboul Fotouh
The Central Bank of Egypt (CBE) affirmed that the banks operating in the Egyptian market are committed to its instructions for financing small and very small projects. Some media reports claimed that some people in business had received the funds allocated to the small projects according to the CBE’s initiative launched in January, the CBE …
Balances in postal savings funds reached EGP 169.6bn in FY 2014/2015, compared to EGP 134.8bn in FY 2013/2014, of an increase of 25.8%
Industry at forefront of economic sectors funded by banks followed by services, while the agriculture sector came last
The CBE called banks to cover their customers’ requests with the US dollars they obtained from the weekly tender, according to the assistant general manager of the financial sector at a private bank operating in Egypt, Osama El-Menilawy
Bylaws to govern the agricultural SEs to be issued within days
The bank finances these projects by providing EGP 50,000 to EGP 25m, and is keen to reach the owners of those projects in all of Egypt’s governorates.
