A number of banking experts affirmed that the frequent power outages, that affected negatively most sectors in Egypt such as cutting the power off in the underground last Thursday, will not make banks retreat from offering credit to the electricity (...)
The National Societe General Bank (NSGB) said the portfolio of individual loans stood at EGP 6.78 billion at the end of June 2012, up from EGP 6.15 billion at the end of December 2011, with an increase of EGP 631.58 million. The bank's portfolio of (...)
The Arab African International Bank (AAIB) disbursed 109,000 yellow remittances worth EGP 419 million, said Ahmed Shawky, deputy general manager of AAIB. The total number of yellow remittances assigned for AAIB to disburse is 127,000 worth EGP 461 (...)
CAIRO: Egypt's stock exchange will reopen for trading on Tuesday, after being closed for a month, which came as a relief to analysts and traders.
Angus Blair, head of research at Cairo-based investment bank Beltone Financial, told Daily News (...)
