Coin smugglers foiled at Cairo Airport    PROGRAMME: Four Countries – Four Movies, screening in Cairo    UK Opposition Party Leader Says Google Tax Behavior 'Wrong'    Egypt: Echoes Of Revolution Far From Cairo    Sources: Algeria's Talks With VimpelCom Over Djezzy Stopped    Brotherhood guide congratulates Egyptians for release of soldiers    Rare "Harry Potter" first edition fetches record auction price    Morsi thanks military and police for successful rescue operation    Hamas Felicitates Egyptians On Releasing The Abducted Soldiers    Consumer Reports Calls Samsung Galaxy S4 ‘Top-Rated' Smartphone    Vieira leaving in July    IMF Says Egypt Budget Gap Worrying, Urges Yemen To Finalize Economic Program    Egypt's Central Bank Offers US$ 800 Mln At Exceptional FX Auction    Bayern defender Badstuber out for 10 months after surgery    Syria opposition urges rebels to join Qusayr battle    kidnapped Egyptain solider released, Rafah crossing opened    Malaga have European ban lifted by UEFA    Power outage at Cairo airport    Carroll out of England friendlies with Ireland and Brazil    Egypt's Army Says Seven Hostages Taken In Sinai Are Free    Britain asks EU to put Hezbollah armed wing on terror list    Search for US tornado survivors nearly complete    BREAKING: Kidnapped Egyptian soldiers released, says military spokesperson    VIDEO: First-half controversy sees Zamalek through in cup    New Central Bank Regulation to hit local money markets    US report on status of religious freedom in Egypt    Cairo governorate launches ‘Cairo 2030' conference    TV presenters investigated for Tamarod support    Poverty on the rise amid increasing unemployment and inflation: ECESR    Patterson: Army rule inconsistent with democracy    Beautiful aquatic ‘soft killer'    Beyond marriage of disparity    A Spanish touch of Paradise    Upbeat    Roadside bomb kills 6 policemen in Afghanistan    Investigations into food poisoning scare at Al-Azhar Univ.    New Ahli deal for Abdul-Fadil    Annotated 'Harry Potter' 1st edition on auction    Vodafone keeps Verizon payout after European weakness    Chevron nears sale of Egypt, Pakistan downstream assets: Sources    Egypt Presidency Vows 'Decisive' Response To Sinai Kidnappings    European shares slip from five-year highs    Israel fires back at Syria after gunshots at its troops    Antiquities minister: UNESCO threatens to declassify heritage sites    Morsi: NGOs Law To Be Discussed With Different Parties Before Its Approval    Eurovision Song Contest Won By Denmark    U.S. 'Idol' Winner Shines Light On South's Gullah Culture    David Beckham is to retire from football    

Articles of the author Mohamed Hamdy Sayed Badr
SFD Secures US$ 120 Mln From World Bank By H2, 2013
The Social Fund for Development (SFD) will receive the US$ 120 million second tranche of the US$ 300 million finance which was agreed upon with the World Bank by the second half of 2013, said Essam el-Korashy, head of SME development group at SFD. SFD had earlier received the first tranche which is (...)

20 - 05 - 2013
Global Islamic Banking Valued At US$1.5 Trillion At End-March: El-Beltagy
The Chairman of Egyptian Islamic Finance Association, Dr. Mohamed El-Beltagy, has revealed that the volume of global Islamic banking has reached US$ 1.500 trillion at the end of last March, citing statistics from international financial institutions. El-Beltagy expected Islamic banking to (...)

13 - 05 - 2013
Bankers Expect CBE To Keep Interest Rates Unchanged Today
The Central Bank of Egypt's (CBE) Monetary Policy Committee is expected to leave overnight deposit and lending rates unchanged at 9.75% and 10.75% respectively, as well as repo rates at 10.25% and credit and discount rates at 10.25% in its meeting on Thursday. Bankers ruled out that the committee (...)

09 - 05 - 2013
9 Banks Contribute To US$ 1.250 Bln Loan For Ethydco
Nine banks approved to contribute to the US$ 1.250 billion loan arranged by the National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), Banque Du Caire and Arab International Bank for the Egyptian Ethylene and Derivatives Company (Ethydco). China Development Bank, Export (...)

25 - 03 - 2013
Industrial Development Bank Delays Signing Agreements With SFD
The Industrial Development and Workers Bank of Egypt has delayed signing finance contracts slated to be sealed today with the Social Fund for Development (SFD). The bank was about to sign a contract worth EGP 75 million after reducing its value from EGP 100 million that will finance the current (...)

05 - 03 - 2013
SAIB Withdraws From Consortium Financing Egyptian Steel Group
Société Arabe Internationale de Banque (SAIB) withdrew from the consortium arranging EGP EGP 1.07 billion loan for the Egyptian Steel Group, sources said. The consortium is led by Banque Misr and Bank Audi Egypt and comprised of Egyptian Arab Land Bank (EALB) and United Bank. The loan arrangers are (...)

27 - 02 - 2013
Industrial Development Bank Offers Medium Enterprises EGP 250 Mln
The Industrial Development and Workers Bank of Egypt targets to offer finances worth EGP 250 million to medium-sized enterprises in electricity and construction sectors before the end of Q1. The bank adopts a strategy to expand in financing medium enterprises while banks retreat from contributing (...)

19 - 02 - 2013
Industrial Development Bank To Settle Bad Debts Worth EGP 500 Mln In 2013
The Industrial Development and Workers Bank of Egypt targets to sign debt settlement agreements worth EGP 500 million with a number of customers in 2013. Settling bad debts comes at the top of the bank's priorities in 2013 as it plans to receive EGP 11 million in cash under debt settlement (...)

11 - 02 - 2013
Industrial Development Bank Seeks Cooperation With Industrial Authorities
The Industrial Development and Workers Bank of Egypt targets to sign a protocol of cooperation with a number of authorities which are subsidiary to the Ministry of Industry and the Industrial Modernization Centre (IMC). The protocol stipulates that the bank offers financial support and the Ministry (...)

28 - 01 - 2013
Industrial Development Bank's Retail Loans Hit EGP 108 Mln In 2012
The Industrial Development and Workers Bank of Egypt's retail loan portfolio reached EGP 108 million at the end of 2012, compared to EGP 18 million at the end of 2011, registering an increase of EGP 90 million. Such increase is a result of the bank's expansion in a number of finance products such (...)

22 - 01 - 2013
Industrial Development Bank Bails Out Four Customers With EGP 25 Mln
The Industrial Development and Workers Bank of Egypt injected credit facilities worth EGP 25 million, to bail out four faltering customers in the industrial sector. Hamdi Azzam, member of the bank's board, stated that the bank finalized debt settlement agreements worth EGP 520 million with 100 (...)

15 - 01 - 2013
IDBE To Sign Finance Agreements Worth EGP 250 Mln With SFD
The Industrial Development and Workers Bank of Egypt plans to sign finance agreements worth EGP 250 million with the Social Fund for Development (SFD) in 2013 to finance small and medium enterprises (SMEs). The bank has met a delegation from SFD last week and they agreed to divide the finance into (...)

12 - 01 - 2013
Industrial Development Bank's SME Finance Portfolio 141% Up In 2012
The Industrial Development and Workers Bank of Egypt's SME finance portfolio grew by 141% to reach EGP 350 million at the end of 2012, compared to EGP 144 million at the end of 2011. The bank raised the number of its customers by 245%, raising its customer base to 352 customers, compared to 136 (...)

10 - 01 - 2013
IDBE Signed Debt Settlement Contracts With 100 Customers In 2012
The Industrial Development and Workers Bank of Egypt finalized debt settlement agreements worth EGP 520 million with 100 faltering customers in 2012. The bank reduced non-performing loan portfolio to EGP 1.640 billion, down from EGP 1.750 billion last year, said Hamdi Azzam, member of board at the (...)

09 - 01 - 2013
Egypt's Foreign Cash Reserves Drop US$448 Mln At End Of November
Egypt's foreign cash reserves dropped US$ 448 million to reach US$ 15.035billion at the end of last November, compared to US$ 15.483 billion at the end of last October. Banking experts said such retreat in international reserves was a result of the political turmoil which reduced tourism income, (...)

06 - 12 - 2012
Islamic Development Bank Signs Finance Contracts Worth US$ 920 Mln With Egypt
The Islamic Development Bank (IDB) plans to provide Egypt with US$ 920 million worth of finances; of which US$ 800 million allocated for water pumping stations and US$ 120 million for an electricity generation plant in Damietta, said Zain Zahran, executive director of IDB. On the sidelines of Sukuk (...)

12 - 05 - 2013
Egypt's Finance Unveils 3 Projects To Be Financed Through Sukuk
The Ministry of Finance has started three projects that will be financed through sukuk which are Ain Shams-10th of Ramadan Train Project, Black Sand Project in Kafr El-Sheikh and Wheat Silos, said the Minister Fayad Abdel Monem. Abdel Monem added to Amwal Al Ghad that the executive regulation will (...)

12 - 05 - 2013
Egypt FinMin Says Sukuk Crucial Step Towards Sustainable Development
The Egyptian Minister of Finance Fayad Abdel Monem stated that issuing sukuk (Islamic bonds) is an important step towards achieving sustainable development in Egypt in the upcoming period as the new instrument can finance all investment fields and activities. Abdel Monem has inaugurated on Sunday (...)

12 - 05 - 2013
Egypt's Economic Reform Plan Requires Upper House Approval
The Egyptian government will not amend the economic reform plan submitted to the International Monetary Fund (IMF), unless the Shura Council objects to the country's public budget, said the Minister of Finance Fayad Abdel Monem. On the sidelines of Sukuk Practical Applications Conference, Abdel (...)

12 - 05 - 2013
IDB's Agreements With Egypt's Govt. Valued At US$ 8.1 Bln
Zain Zahran, executive director of Islamic Development Bank, has revealed that the total value of agreements signed with the Egyptian government reached US$ 8.1 billion. The latest financing package from IDB to Egypt is worth US$ 800 million and will be allocated for infrastructure projects, he (...)

12 - 05 - 2013
Investment Funds Being Asked To Finance Alexandria University Hospitals
An alliance, comprised of Al-Bareeq Group, Dar for Trading & Contracting (DETAC), Siemens Medical Equipment and G4S-Lotus Facilities Management, is in talks with a number of investment funds to contribute to financing the Alexandria University hospitals project. Sources said the value of (...)

08 - 12 - 2012
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