Total value of bonds issued in EGP increased to EGP 698.85bn until 12 January 2016
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Foreign banks prevent branches from investing in stock market, Egyptian banks resort to creating subsidiary companies, investment funds
The agreement secured EGP 600m to fund the SECON Nile Towers project
The central bank awaits the Chinese loan and the first portion of the World Bank loan to reinforce reserves
The bank seeks to raise loans to SMEs to 20% by late 2016, says El-Kosayer
The bank participated in the CBE initiative for financing small and micro businesses with a yield of 5% and payment terms up to seven years
Deputy Minister of Housing and Vice Chairman of SECON Mohamed Essam El-Deen said the Egyptian government intends to support and develop the company’s investments and conduct its expansion plans
Efforts exerted by different state entities to promote tourism in the city still not enough
The cooperation between the three institutions aims to provide multiple options for beneficiaries of subsidies and facilitate their access in a sophisticated, secure, and transparent manner.
Agreement on exchange firms supporting CBE’s efforts to control exchange markets and banks obtaining Arab currencies in exchange for dollar
We are continuing in our efforts to increase foreign currency inflows and support the Egyptian economy, says executive board member
The portfolio has doubled six times over the past eight years, says Okasha
Bank Audi-Egypt increased its deposit holdings by 17%, and increased the value of its loans portfolio by 47% in 2015; in 2016, the bank aims for additional 20% increase
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Participants in the forum called upon Arab banks and financing institutions to adopt new financing models for infrastructure projects, as they play a vital role in stimulating the economy.
Banks are currently preparing their infrastructure to begin implementing CBE initiative
The size of the Egyptian banking sector was EGP 2tn by the end of 2015, according to Deputy Governor of the Central Bank of Egypt (CBE) Tarek Fayed
Vice chairman of the Federation of Egyptian Banks and chairman of the National Bank of Egypt (NBE) Hisham Okasha said that only 8 million of 54 million eligible Egyptian citizens have bank accounts
The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided Thursday evening to fix the prices of basic yield at CBE, according to its statement
Chairman of the Egyptian Exchange (EGX) Mohamed Omran said the government’s and the Central Banks of Egypt’s (CBE) decision to increase capital of two banks through the stock exchange is considered one of the most important economic decisions made in Egypt during the recent years. The statement was part of Omran’s speech in the opening session of …
Governor of South Sinai Major General Khaled Fouda said the tourism sector in Sharm El Sheikh recorded losses of EGP 6bn over the past three months
Only 8% of total financing in Arab banks goes to SMEs
Deputy Governor of the Central Bank of Egypt (CBE) Tarek Fayed asserted said the first portion of the loan agreed upon with World Bank (WB), estimated at $1bn, has not entered CBE yet
The MPC decided during its last meeting on 24 December 2015 to raise basic interest rates by half a percentage point, resulting in an overnight deposit rate of 9.25%, an overnight lending rate of 10.25%, and a main operation and discount rate of 9.75%.
The ceremony will be held under the auspices of Prime Minister Sherif Ismail and will take place in the presence of key CEOs of companies, public, and private organisations in Egypt, as well as key businessmen and diplomatic officials in Egypt.
The ministry said in a recent report exclusively published by Daily News Egypt that there are two types of bonds in Egyptian pounds
CBE issued its Financial Soundness Indicators report, where the loans-to-deposits ratio increased to 42%
Decision applies only to companies to facilitate import operations of main and basic commodities
The group aims at strengthening its position in Egypt and increasing growth rates in the coming period, says CEO
Falcon deploys fast intervention cars around institutions it secures to support its personnel at any time