EGP 1.852tn balance of local T-Bills, T-Bonds by end-March
EGP 1.158tn balance of T-Bills, EGP 694.4166bn T-Bonds, international bonds by $23.21bn and $4bn: Finance Ministry
Hossam Mounir
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CIB-Egypt establishes representative office in Ethiopia
We are happy about regional presence of bank: Ezz El Arab
President instructs enhancement of MSMEDA activities
Gamea reviews agency’s most prominent future trends to collect more funding, draft new law for development of SMEs, microenterprises
US dollar at lowest level since March 2017
US dollar loses 2 more piasters on Sunday to take losses to 75 piasters since mid-January 2019
NBE extends work hours to 6:00pm in 64 branches to receive tax dues
All bank branches will provide e-tax collection services during official working hours
Is Egypt ready for Electronic Payments Law as it comes into force?
All bodies subject to this law shall comply with its provisions within six months from imposing its regulations
FRA aims to increase micro funding beneficiaries to 4 million with EGP 15bn funding in 2022
Conference of HC Securities demands cooperation with banks to facilitate real estate funding
US dollar loses 5 piasters against Egyptian pound on Wednesday
The US dollar lost about five piasters from its value against the Egyptian pound on Wednesday, averaging EGP 17.21 for buying and EGP 17.31 for selling, down from EGP 17.26 for buying and EGP 17.36 for selling on Tuesday. The official US dollar price in the Central Bank of Egypt lost between 3-4 piasters, reaching …
MSMEDA injects EGP 2.5bn funding for development projects in Beni Suef
Total of 203,000 small, micro projects with EGP 2.2bn funding, providing 291,000 jobs
CBE extends its initiative to support defaulters at ABE until June
Troubled debts up to EGP 4bn to be settled over nine months, including EGP 929m for 11,404 clients in CBE, says El Kosayer
Attijariwafa Bank Egypt implements $1.7bn worth trade operations in 2018
‘We aim to increase these operations by 50% this year in line with state’s trend to increase exports,’ says Sherif
Capital flows will be linked to three factors: CBE
January 2019 saw return of capital to EM since exodus in February 2018
Credit Agricole Egypt prepares to comply with new banking law, increase capital to EGP 5bn: Managing Director
The parent group supports bank’s unity in Egypt due to importance of Egyptian market, says Venas
Basic interest rates, future outlook of inflation consistent with our goals: CBE
Egypt’s real GDP growth softened to 5.3% Q3 2018, unemployment rate inched up to 10.0%
Ahli United Bank’s share of Egyptian market is 3%: El Messeery
Total business size of bank reached $51bn
Banking coalition funds Al Sharqiya Sugar Manufacturing Company with EGP 3.1bn
Loan will be used to continue funding beet sugar factory in Al Salihiya at Sharqeya
Faisal Islamic Bank intends to increase its capital by $73.36m
Bank’s business increased to EGP 95.98bn end-February, against EGP 84.43bn in February 2018
Fayed selected as FEB board member
Banque du Caire’s chairperson holds over 30 years of banking experience in international, local institutions
NBE’s syndicated loans reach EGP 15bn in 1Q19
Bank ranked first in Egyptian market as bookrunner, agent, marketer of joint loans: Bloomberg
Attijariwafa Bank Egypt to be amongst biggest 10 banks in local market end-2022: Managing Director
We are taking concrete steps toward achieving bank’s expansion strategy, and are proud of our progress in Egyptian market, says Sakr
Egypt’s balance of international bonds in European currency rises to €4bn
Finance Ministry launches 2 new tranches, one for 6-year term worth €750m, second for 12-year term worth €1.25bn
Three Egyptian banks among 500 best banking brands in world
List includes NBE, Banque Misr, CIB – Egypt
$52m increase in Egypt’s foreign exchange reserves to $44.11bn end-March 2019
The Central Bank of Egypt (CBE) has revealed an increase in foreign reserves by $52m by the end of March 2019, reaching $44.11bn, compared to $44.06bn by the end of February 2018. This level of reserves covers more than eight months of commodity imports in Egypt. The foreign exchange reserves increased by 14.9% or $5.53bn …
EGP 550m increase in HDB profits in 2018
Net profit per share increases to EGP 12.89, compared to EGP 6.55 in 2017
Fixing 95 octane’s price supports chance for 1% interest cut during CBE’s meeting in May ‘19: Beltone
Decision confirms our vision to contain inflationary pressures in H1 of 2019
NBE net profits reach EGP 10.1bn by end-June 2018
Bank has carried out settlements for troubled loans by EGP 6bn for 213 clients
Public Enterprise Sector Ministry seeks new partnerships with private tourism sector
Ministry of Public Enterprise Sector seeks new partnerships in some of its projects in the tourism and textile sectors, the Minister Hisham Tawfik said over his opening speech in Hapi annual conference, titled “The Effective Growth” on Monday. “We need a partner to rehabilitate Shepheard Hotel and raise its star ranking from 4 to 5 …
Merchandise export earnings increase by $2.2bn in H1 of FY 2018/19: CBE
Balance of petroleum trade achieves surplus for first time in 4 years, reaches $150.8m
Resignations, leadership reshuffle in banks operating in Egypt
More changes expected over upcoming period as new Banks Law gets issued
Government plans to borrow EGP 478.5bn to fill budget deficit
Finance Ministry launches bids for T-Bills, T-Bonds for EGP 184bn in April, EGP 148bn in May, EGP 146.5bn in June