The Central Bank of Egypt (CBE) agreed to allow banks to count their own equity investments in SME-focused funds as part of the mandatory minimum portion of their loan portfolios they are required to allocate to SMEs which amounted to 20 (...)
The banking sector needs to pump funds of 1.5 trillion into the Egyptian market to support the economy and increase the development and operation rates, Central Bank of Egypt (CBE) Governor, Tarek Amer, said Friday.
He added on the side lines of his (...)
Egypt's central bank says it will receive studies before the end of the month from Ernst & Young with the goal of launching an innovation support fund by 2019.
The studies will outline the investing mechanisms of the anticipated fund, said Ayman (...)
Digital economy industry in Egypt accounts for around 4 percent of its GDP, yet it is expected that the digital economy will contribute with 8 percent in its GDP within the upcoming years, former Communications Minister Atef Helmy said.
He made (...)
Chairman and Managing Director of El-Taamir Mortgage Finance Co – Al-Oula
‘Allowing mortgage companies to practice leasing activities, establish and manage real estate funds is inevitable ... Package of legislation to resolve mortgage finance (...)
Mohamed Ozalp, Managing Director of BLOM Bank Egypt, affirmed that the turmoil that followed last year's 25th January revolution and its negative implications on all economic sectors proved the strength of Egypt's banks as they achieved good returns (...)