Egypt's parliament passes unified real estate ID law    EGP stable vs. US dollar in early trade    Egypt's El-Khatib: Govt. keen on boosting exports    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    CBE governor meets Beijing delegation to discuss economic, financial cooperation    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's Health Min. discusses childhood cancer initiative with WHO    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Egypt's EDA discusses local pharmaceutical manufacturing with Bayer    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 expresses condolences to Canada over Vancouver incident    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    49th Hassan II Trophy and 28th Lalla Meryem Cup Officially Launched in Morocco    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Paris Olympics opening draws record viewers    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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 Radwa Alaa Mohamed Hamdy
Egyptian Remittance, Tourism Revenues Stepped Up While Suez's Shrank: CBE
Latest report of the Central Bank of Egypt (CBE) revealed that tourism came in at US$ 8.1 billion revenues, up from US$ 7.1 billion in the first 9 months of the current fiscal year. Egyptian remittance posted an increase of US$ 1 billion to reach (...)

19 - 06 - 2013
Egypt's Central Bank Meets With Banks' Chairmen To Discuss FATCA Law
The Central Bank of Egypt (CBE) has started its meeting with chairmen of banks and officials of compliance departments, headed by CBE's sub-governor Gamal Negm, to discuss the final preparations for Foreign Account Tax Compliance Act (FATCA) slated (...)

13 - 05 - 2013
Egypt Seeks US$ 2.5 Bln Qatari Deposit At 4.25% Interest Rate: Ramez
The interest rate on the US$ 2.5 billion 18-month Qatari deposit that will be injected to the Central Bank of Egypt is 4.25%, Hisham Ramez, Governor of CBE. The deposit, which will be invested in treasury bonds, will support the Egyptian economy in (...)

28 - 04 - 2013
Egyptian Banks Won't Go Through Cyprus Banking Experience; CBE Governor Affirms
The Egyptian banking sector is one of the strongest sectors in the country as it successfully overcame the latest crisis, Hisham Ramez, Governor of the Central Bank of Egypt (CBE), said. During an interview with Hona Al Assema TV talk show host, he (...)

28 - 04 - 2013
Arab Aids Support Economy In Short Term, IMF Loan A Must: CBE Governor
Despite securing loans and deposits from a number of Arab countries, getting the US$ 4.8 billion loan from the International Monetary Fund is inevitable to help Egypt overcome the current crisis, Hisham Ramez, Governor of the Central Bank of Egypt (...)

28 - 04 - 2013
Egypt's High Foreign Debt Not Worrisome, Danger In Local Borrowing: Ramez
The Governor of the Central Bank of Egypt (CBE) Hisham Ramez affirmed that the increase in the value of Egypt's foreign debt to US$ 38.3 billion as of the end of last December does not pose extra dangers on the country as it accounts for 15% only of (...)

28 - 04 - 2013
Supporting Unofficial Sector Necessary To Economic Growth; El-Sayed El-Kosayer Says
The Industrial Development and Workers Bank of Egypt places small and medium-sized enterprises (SMEs) on the top of its priorities as they create a large number of job opportunities, said El-Sayed El-Kosayer, chairman of the bank. On the sidelines (...)

13 - 03 - 2013
Industrial Development Bank Signs 2 Agreements With SFD To Finance 2,000 Small Enterprises
The Industrial Development and Workers Bank of Egypt signed two finance contracts worth EGP 100 million with the Social Fund for Development (SFD) to finance small and medium-sized enterprises (SMEs). The first contract, worth EGP 75 million, will (...)

13 - 03 - 2013
SFD Targets To Increase Industrial Finances By 25% In 2013
The Social Fund for Development (SFD) has a strategy that focuses on financing small and medium-sized enterprises especially in Upper Egypt, said Ghada Wali, secretary general of SFD. On the sidelines of signing the finance contracts with the (...)

13 - 03 - 2013
SFD Secured US$ 290 Mln From 5 Foreign Bodies In 2012
The Social Fund for Development (SFD) signed five finance agreements with foreign bodies to receive loans of about US$ 290 million in 2012, in order to finance micro, small and medium enterprises (MSMEs). Sources revealed to Amwal Al Ghad that SFD (...)

17 - 01 - 2013
5 Banks To Sign KIMA Loan Agreement Next February
The National Bank of Egypt (NBE), Commercial International Bank (CIB), Banque Misr, Banque Du Caire and Arab African International Bank (AAIB), arranging US$ 423 million loan for the Egyptian Chemical Industries Company (KIMA), will sign the (...)

16 - 01 - 2013
SFD Signed 4 Agreements Worth US$ 268 Mln In 2012
The Social Fund for Development (SFD) signed four agreements with foreign bodies to receive loans of about US$ 268 million in 2012 in order to finance micro, small and medium enterprises (MSMEs) as well as infrastructure projects in different (...)

09 - 01 - 2013
SFD Signs Two Finance Agreements Worth US$ 158 Mln With Arab Fund
The Social Fund for Development (SFD) signed two agreements with the Arab Fund to receive loans worth US$ 108 million and US$ 50 million totaling to US$ 158 million in Q4 of 2012, sources said. Under the agreements, SFD will finance micro, small and (...)

06 - 01 - 2013
Arab Investment Bank Contributes EGP 100 Mln To Loan For MAF Holding
The Arab Investment Bank approved to contribute EGP 100 million to the syndicated loan arranged by the National Bank of Egypt (NBE) and Banque Misr to Majid Al Futtaim Holding (MAF Holding) in order to finance the establishment of Mall of Egypt in (...)

01 - 01 - 2013
Banks Sold Egyptian Dollar CDs Worth US$ 160 Mln In 7 Months
The yield on Egyptian dollar certificate of deposit launched by the National Bank of Egypt, Banque Misr, National Bank of Abu Dhabi, National Bank of Kuwait, Ahli United Bank and ABC Bank and Arab National Bank reached US$ 160 million during seven (...)

27 - 12 - 2012
Industrial Development Bank's Real Estate Assets Reach EGP 50 Mln
The Industrial Development and Workers Bank of Egypt's real estate assets reached about EGP 50 million. The ownership of the real estate assets was transferred to the bank in return for settling debts of defaulters. The bank has settled debts worth (...)

25 - 11 - 2012
Agricultural Credit Bank Discusses Mutual Cooperation Methods With Bangladesh
The Principal Bank for Development and Agricultural Credit will meet with a Bangladeshi delegation this week to discuss possible methods for mutual cooperation between both countries. The bank seeks exchanging experiences with Bangladesh as the bank (...)

24 - 11 - 2012
Faisal Bank Launches Bai Salam, Istisna'a, Ijarah Al-Khadamat
Faisal Islamic Bank of Egypt has received an approval from the Sharia Supervisory Board to conduct transactions of Bai Salam (forward sale), Istisna'a (product manufacturing contract) and Ijarah Al-Khadamat. Sources said the new services will cater (...)

22 - 11 - 2012
Export Development Bank Seeks Islamic Banking License
The Export Development Bank of Egypt (EDBE) has submitted a request to the Central Bank of Egypt (CBE) to get a Sharia-compliant banking license. Sources said the bank submitted such request last September in order to tap into the increasing demand (...)

21 - 11 - 2012
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