Year: 2017

Electricity Ministry to launch tender for operation, maintenance of Siemens power plants in December 

Four companies are reportedly bidding for the Electricity Ministry’s tender, most notably…

Mohamed Farag Mohamed Farag

Rafah border crossing open since Saturday

The border crossing has been opened to allow passage of patients and…

Daily News Egypt Daily News Egypt

No one can touch Egypt’s water: Al-Sisi on GERD

President asserted that talks with Sudan and Ethiopia made clear that there…

Daily News Egypt Daily News Egypt

How small franchise projects can get funding from the Industrial Development & Workers Bank of Egypt

The Industrial Development & Workers Bank of Egypt offers funding for franchise…

Shaimaa Raafat Shaimaa Raafat

Volume of allocations in banks amounts to EGP 109.383bn

The volume of provisions made by banks to deal with bad and…

Daily News Egypt Daily News Egypt

Issued currency up EGP 17bn

Total currency issued by the Central Bank of Egypt (CBE) amounted to…

Daily News Egypt Daily News Egypt

Banks’ investments in T-bills reached EGP 549.96bn

Banks’ investments in treasury bills (T-bills) reached EGP 549.96bn by the end…

Daily News Egypt Daily News Egypt

Deposits portfolio reached EGP 3.124tn

The size of the banks’ deposits portfolio reached EGP 3.124tn at the…

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80% rise in net foreign assets

The net foreign assets of the Egyptian banking sector as a whole,…

Daily News Egypt Daily News Egypt

ABE, MSMEs Development Agency to sign agreement worth EGP 50m to finance women’s project within two weeks

Bank may offer funding scheme to contribute to establishing the first model…

Hossam Mounir Hossam Mounir