FRA approves establishment of five new firms for investment fund management, SME financing    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's Environment Minister attends AMCEN conference in Nairobi    Egypt considers launching national platform to mobilise green financing for private-sector industrial transformation    Egyptian, Belarusian officials discuss drug registration, market access    Egypt's ARC, Italy's AICS sign deal to boost wheat production    Gold prices edge higher on July 16th    Egypt stocks hit record highs in 2025 as reforms fuel rally: Cabinet    Egypt condemns Israeli strikes on Lebanon, Syria    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Egypt's Health Min. discusses drug localisation with Sandoz    Egypt, Mexico explore joint action on environment, sustainability    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt's PM urges BRICS to prioritise peace    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Mohamed Hamdy Eslam Abd El Hameed Mostafa Adel Say
Banque Misr sees $459mln-Net Profits end FY2014/15
Egypt's second largest state-run bank, Banque Misr (BM) is looking forward to registering a one billion Egyptian pounds growth to eventually hit 3.5 billion pounds (US$ 458.8 million) of net profits within the current fiscal year 2014/15, Chief (...)

11 - 06 - 2015
Giza Automotives expects 5% increase in car market prices
The Automotives Division in the Giza Chamber of Commerce expects car prices to increase by up to 5% due to the US dollar's rising exchange rate against the Egyptian pound. The continuing rise in the US dollar's value will contribute to a decrease in (...)

23 - 02 - 2015
30 June Protests Not To Impact Egypt's Economy, FJP's Official Says
Mohamed Gouda, Head of the Economic Committee at the Freedom and Justice Party (FJP), said that the 30 June demonstrations would be peaceful and not to affect the Egyptian economy. In exclusive statements to "Amwal Al Ghad", Gouda said the tourism (...)

06 - 06 - 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 (...)

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 (...)

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 (...)

12 - 05 - 2013
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, (...)

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 (...)

12 - 05 - 2013
Alex Bank To Raise Retail Finances By EGP 250 Mln In 2013
Alex Bank Intesa Sanpaolo targets to increase retail finances by EGP 250 million by the end of 2013, Bassel Rahmy, head of the retail banking group, said. The bank's retail finances rose EGP 100 million in the first three months of 2013 to reach EGP (...)

30 - 04 - 2013
Four Lenders Finance White Taxi Phase III With EGP 450 Mln
The National Bank of Egypt (NBE), Banque Misr, Alex Bank Intesa Sanpaolo and Nasser Social Bank plan to finance the third phase of the White Taxi Project with EGP 450 million. Sources said NBE will contribute EGP 150 million, while the other banks (...)

30 - 04 - 2013
NBE Finances White Taxi Project Phase III With EGP 150 Mln
The National Bank of Egypt (NBE) targets to contribute EGP 150 million to the loans offered to finance the third phase of the White Taxi project in collaboration with the Ministry of Finance, said Karim Sous, general manager of retail credit risk (...)

29 - 04 - 2013
Egypt Resumes Talks With IMF Via Video Conference
Egypt will resume negotiations with the International Monetary Fund (IMF) over the long-awaited US$ 4.8 billion loan through video conference, the Minister of Finance, El-Morsi El-Sayed Hegazy, said. He expected signing the definitive loan agreement (...)

29 - 04 - 2013
Four Banks Raise Interest Rate On White Taxi Loans To 13.5%
The National Bank of Egypt (NBE), Banque Misr, Alex Bank Intesa Sanpaolo and Nasser Social Bank have raised interest rate on loans offered to finance the third phase of White Taxi project from 11.5% to 13.5%. The contract of the project, which aims (...)

29 - 04 - 2013
Egypt's Banking Experts Warn Of Imposing More Taxes On Loans
Many banking experts have shown disagreement with the Shura Council which suggests the amendment of article no. 57 which regulates the taxes on loans and credit facilities. The Shura Council suggests that article no. 57 shall be amended as follows: (...)

03 - 04 - 2013
Egypt's Govt. Imposes Tax Gains On NSGB's Acquisition Deal
The Egyptian Tax Authority will impose tax on shareholders and investment funds that make capital gains from the acquisition deal of National Société Générale Bank (NSGB) by Qatar National Bank (QNB), said Mamdouh Omar, chairman of the (...)

26 - 03 - 2013
NBE Rejects PBDAC's Cooperation Protocol On ATMs
The National Bank of Egypt (NBE) has turned down a request submitted by the Principal Bank for Development and Agricultural Credit for a protocol of cooperation for establishing ATMs. The Principal Bank for Development and Agricultural Credit Sought (...)

27 - 11 - 2012
AAIB's Real Estate Assets Portfolio Hit EGP 8 Mln In September
The Arab African International Bank's (AAIB) portfolio of real estate assets registered EGP 8 million at the end of last September, compared to EGP 5 million at the end of the first half of 2012, with an increase of EGP 3 million. The bank targets (...)

18 - 10 - 2012
AAIB Disbursed 112,000 Yellow Remittances Worth EGP 430 Mln
The Arab African International Bank (AAIB) disbursed 112,000 yellow remittances worth EGP 430 million in the sixth month allocated for disbursing such remittances. Sources said the bank still has to disburse 15,000 yellow remittances in the period (...)

17 - 10 - 2012
Ashraf Al Araby: National Income To Be Doubled Within 10 Years
Ashraf Al Araby, Minister of Planning and International Cooperation, said the state aims at doubling the national income in the coming 10 years through achieving real development rate annually reaches 7-7.5%. He said further that the state targets (...)

17 - 09 - 2012
EGP 8.5 bln Joint Ventures Between Public, Private Sectors In 2013
Egypt's Minister of Investment, Osama Saleh, stated that at the end of 2012 that state's plan, which aims at presenting 15 projects via the system of partnership between the private and public sectors, will be announced. At the start of 2013 it will (...)

17 - 09 - 2012
Budget Deficit, Unemployment Are Egypt's Prominent Challenges: Osama Saleh
Osama Saleh, Minister of Investment, said the transitional period that the country lives is the most serious periods on the economic and political levels, therefore it needs the support of all sectors. During "MENA Project Finance &PPP" conference, (...)

17 - 09 - 2012
Wafd Party to win 20 parliamentary seats, says party chief
El-Sayyed el-Badawi, chief of Wafd Party, has said that the upcoming period will require great efforts to maintain the Wafd's status as an historically important party with deep political roots among all segments of Egypt's population. In his (...)

27 - 06 - 2010
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