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NBE grants ASORC $100m to implement service, facility projects necessary to develop company’s plants

Yehia Aboul Fotouh, deputy chairperson of the National Bank of Egypt (NBE), and Nagy Abdel Ghaffar, chairperson of Assiut Oil Refining Company (ASORC), signed a financing contract worth $100m for the purpose of implementing service and facility projects necessary for the development of the company’s plants and the fulfilment of its expansion goals. According to …

Hossam Mounir

Khaled Badawi: investment banking to Public Sector Affairs Ministry

Khaled Badawi, CEO of NCB Capital, the National Bank of Egypt’s investment arm, has been chosen as the successor to Ashraf Sharkawy as the minister of public sector affairs on Sunday. Badawi served as the chief executive officer of NCB Capital in May 2016 to date and has great experience in the field of investment …

Daily News Egypt

Benha Electronic Industries supplies 62 metal detectors to NBE

The National Bank of Egypt (NBE) signed a contract agreement with one of the Ministry of Military Production’s subsidiaries, Benha Electronic Industries, to supply 62 metal detector gates to the bank. The contract was signed by the chairperson of the company, Magdy Hamdeen, and Hossam Salah Eldeen, the head of administrative support at the NBE. …

Hossam Mounir

EETC, NBE, agree upon EGP 18bn loan to strengthen the transmission network

The Egyptian Electricity Transmission Company (EETC) agreed with the National Bank of Egypt (NBE) to borrow EGP 18bn to strengthen the national electricity grid. Chairperson of the Egyptian Electricity Transmission Company Gamal Abdel Rahim, said that the company will sign the contracts with NBE at the end of the month, noting it will be a …

Mohamed Farag

NBE, Misr Life Insurance sign cooperation protocol to benefit from e-payment tools

In light of the National Bank of Egypt’s (NBE) interest in improving the services it offers its customers to facilitate banking transactions and maintain leadership in providing electronic banking services updates, Hazem Hegazy, NBE CEO for retail banking and small- and medium–sized enterprises signed a corporation protocol with Ahmed Abdel Aziz, chairperson of Misr Life …

Daily News Egypt