Egypt partners with Google to promote 'unmatched diversity' tourism campaign    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Taiwan GDP surges on tech demand    World Bank: Global commodity prices to fall 17% by '26    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    France's harmonised inflation eases slightly in April    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    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 Ahmed Taha
Housing & Development Bank's 9-Month Consolidated Profit 112% Up
The Housing and Development Bank (HDB)'s consolidated results for the first nine months of 2012 showed that the bank's profit rose by 112% to reach EGP 246.8 million at the end of last September, up from EGP 116.3 million. The bank's portfolio of (...)

31 - 12 - 2012
US Dollar Hikes EGP 0.4 In Week, Differing Views On CBE's Intervention
A number of exchange market experts asserted that the U.S. dollar has recorded an increase in a week ranging between 3 and 4 piasters against the Egyptian pound. The U.S. currency started the week trading at EGP 6.16 (buy price) and EGP 6.18 (sell (...)

29 - 12 - 2012
U.S. Dollar Hikes To Ten-Year High Against Egyptian Pound
The U.S. Dollar is trading on Thursday at the highest levels against the Egyptian Pound in almost 10 years. The U.S. currency reached a new high of EGP 6.1850 (buy price) and EGP 6.21 (sell price) against the Egyptian currency. Commenting on the (...)

27 - 12 - 2012
Rami Lakah, Accused Of Looting Public Funds, Appointed To Shura Council
Banking sources condemned the appointment of the businessman Rami Lakah to the Shura Council (Upper House of Parliament) among 90 public figures chosen by the Egyptian president Mohamed Morsi last Saturday. Sources said Lakah is still involved in (...)

23 - 12 - 2012
Agricultural Credit Bank To Launch Islamic Retail Banking Products In January
The Principal Bank for Development and Agricultural Credit targets to expand in Sharia-compliant retail banking products by the beginning of 2013 through launching a number of products such as durable goods financing programs. The bank will deal (...)

19 - 12 - 2012
Industry, USA To Sign Free Trade Agreement In 2013
The Egyptian Ministry of Industry's delegation will visit the USA at the end of Q1, 2013, to study signing a free trade agreement between the two countries, said Hatem Saleh, Minister of Industry and Foreign Trade. In his statements to Amwal Al (...)

16 - 12 - 2012
NSGB To Repay US$ 140 Mln Loan To Société Générale In 2013
National Société Générale Bank's board of directors approved in its meeting on December 13th 2012 to repay the US$ 140 million loan offered from France's Société Générale by the beginning of 2013. NSGB stated in a filling today to the Egyptian (...)

16 - 12 - 2012
Hatem Saleh Says, Prices Rise Necessary For Filling Budget Deficit
The government's tendency to put up the prices on some commodities is required at the current time as a method to provide the liquidity necessary to meet the budget deficit, said Hatem Saleh, Egyptian Minister of Industry and Foreign Trade; (...)

15 - 12 - 2012
NBE Targets Injecting EGP 4 Bln To SMEs In FY 2012/13
The National Bank of Egypt (NBE) targets to increase the value of finances if offers to small and medium enterprises (SMEs) by EGP 4 billion during the current fiscal year to make the value of net outstanding loans reach EGP two billion by the end (...)

13 - 12 - 2012
NBE, ITC Sign Protocol To Finance SMEs
The National Bank of Egypt (NBE) and the Industrial Training Council (ITC) have signed protocol of cooperation to finance small and medium enterprises (SMEs) in the attendance of the Minister of Industry and Foreign Trade. Such protocol provides the (...)

13 - 12 - 2012
PBDAC Postpones Meeting With Bangladeshi Delegation
Sources at the Principal Bank for Development and Agricultural Credit said the current political turmoil delayed the meeting that is slated to be held this week with a Bangladeshi delegation to discuss possible methods for mutual cooperation and (...)

13 - 12 - 2012
PBDAC Targets Raising Islamic Deposits To EGP 1.5 Bln In FY 2012/13
The Principal Bank for Development and Agricultural Credit targets to increase the value of Islamic deposits to EGP 1.5 billion by the end of FY 2012/2013, compared to EGP one billion at the end of last November. The bank plans to increase the value (...)

11 - 12 - 2012
Banque Du Caire's Credit Portfolio Hits EGP 11.7 Bln
Banque Du Caire's portfolio of loans and credit facilities (including corporate and SME finances) reached EGP 11.7 billion at the end of last November. Sources said the political turmoil has slowed the economic activities which accordingly affected (...)

09 - 12 - 2012
Agricultural Credit's Islamic Finances To Micro-Enterprises Hit EGP 5 Mln
The Principal Bank for Development and Agricultural Credit's Islamic finances for micro agricultural projects reached EGP 5 million offered to 500 customers by giving EGP 10,000 for each customer in a month. The bank targets to inject EGP 500 (...)

09 - 12 - 2012
Rafidain Bank Moves Headquarters To NBE's Branch In Faisal
Rafidain Bank has moved its headquarters located in Tahrir Street in Dokki to the National Bank of Egypt's (NBE) branch in Faisal Street. Sources said the first floor of NBE has been allocated to Rafidain Bank after the unrest occurred at the bank (...)

09 - 12 - 2012
Hunger Revolution Looms As Foreign Reserves Drop Sharply: Experts
Egypt's foreign cash reserves dropped US$ 448 million to reach US$ 15.035 billion at the end of last November. A number of bankers warned that a hunger revolution is looming in Egypt, if the presidency fail to overcome such crisis. They warned that (...)

06 - 12 - 2012
Unemployment Rate In Egypt Hits 13% In 2012: AfDB
The African Development Bank's Resident Representative for Egypt affirmed that the unemployment rate in Egypt is rising and will reach 13% by the end of 2012. On the sidelines of the ‘Youth Employment: Building the Future' forum, Sibry Tapsoba noted (...)

05 - 12 - 2012
SFD Places Job Creation As Top Priority
Social Fund for Development (SFD) has placed job creation as a top priority, said Ghada Wali, secretary general of SFD. On the sidelines of the ‘Youth Employment: Building the Future' forum, Wali affirmed that there is a pressing need to give youths (...)

05 - 12 - 2012
Kandil: 750.000 New Job Opportunities To Combat Unemployment
The Egyptian Prime Minister, Hesham Kandil, said the government is committed to tackle the unemployment in the coming period via several mechanisms; like forming a ministerial committee to support the small and medium entrepreneurs (SMEs), which (...)

05 - 12 - 2012
Morsi Approves EGP12 bln National Venture In El Menya
Dr Mostafa El Saeed, Governor of El Menya, has stated that President Mohamed Morsi approved the executive procedures for a national investment venture in El Menya governorate, at EGP 12 billion total investing cost, in the coming five years. The (...)

05 - 12 - 2012
Agricultural Credit Bank To Offer EGP 500 Mln Islamic Finances In FY 2012/13
The Principal Bank for Development and Agricultural Credit targets to inject Islamic finances worth EGP 500 million to raise the sharia-compliant finance portfolio to EGP one billion by the end of FY 2012/2013. Such finances will be used to finance (...)

04 - 12 - 2012
Agricultural Credit Bank To Set Up Productive Villages
The Principal Bank for Development and Agricultural Credit is in talks with the Ministry of Agriculture to buy agricultural lands with areas ranging from 5,000 feddans (5,190 acres) to 10,000 feddans (10,380 acres) to set up agricultural projects (...)

03 - 12 - 2012
BNP Paribas Egypt's Net Profit Up 19.5% In 9 Months
BNP Paribas Egypt's net profit surged by EGP 284 million (19.5%) to reach EGP 174.399 million at the end of last September, compared to EGP 145.920 million at the end of 2011. The separated business results showed that the bank's portfolio of loans (...)

29 - 11 - 2012
Stable Rules Keep Banks Safe: El Sakka
Mahmoud El Sakka, chairman of the Egyptian Credit & Risk Association (ECRA), called for maintaining the rules and regulations stable, keeping banking sector independent and studying the economic decisions adequately before issuing them as the (...)

28 - 11 - 2012
NCHR Deputy Head Calls For Social Market Economy
Abdel Ghaffar Shokr, deputy chairman of the National Council for Human Rights (NCHR), affirmed the importance of implementing mechanisms of social market economy which will achieve social justice by ensuring the safety of workers, maximizing their (...)

28 - 11 - 2012
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