Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    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 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    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    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 Ali Mohamed Hamdy Sayed Badr
Banque Du Caire may pump €35 mln into Suez Canal and railway loans
Banque Du Caire, one of Egypt's largest and oldest public banks, is considering spending between €30 million and €35 million ($34.8 million and $40.6 million) on two syndicated loans. The bank may pump €20 million into Suez Canal Authority's loan of (...)

28 - 10 - 2017
Egypt's NBE bank seeks Kfw, EIB loans of up to €800 mln
National Bank of Egypt (NBE), the country's largest state bank, is negotiating loans worth €800 million ($941.1 million) with two international lenders, sources near from the talks said Tuesday. The Egyptian bank is in talks with German state bank (...)

26 - 10 - 2017
Women-led businesses capture 70% of Egypt banks' MSME funding
Egyptian central bank's assistant sub-governor says around 70 percent of the banks' financing for micro, small and medium-sized enterprises are dedicated for women-owned businesses. This emphasises the growing economic empowerment for Egyptian (...)

26 - 10 - 2017
National Bank of Egypt attracts one million clients from CDs in one year
National Bank of Egypt (NBE), the country's largest state bank, says it has received around 360 billion Egyptian pounds ($20.4 billion) from its high-yield certificates of deposit in almost one year. The Egyptian bank has managed to attract one (...)

23 - 10 - 2017
Egypt's Export Development Bank to sign Afreximbank $500 mln deal in days
Chairperson of Egypt's Export Development Bank (EDBE) expects her bank will sign a $500 million financing facility deal with the African Export-Import Bank (Afreximbank) in a few days. The Egyptian bank awaits the central bank's approval on the (...)

23 - 10 - 2017
QNB's SME funding in Egypt hit 17.2 bln pounds
Qatar National Bank's financing for small and medium-sized businesses in Egypt is currently worth around 17.2 billion Egyptian pounds ($974.8 million), QNB AlAhli's chairman Mohamed El Deeb said Monday. QNB AlAhli, the Egyptian unit of the Qatari (...)

23 - 10 - 2017
Informal sector contributes 50-70% of Egypt's GDP: NBE chief
The informal economy makes up between 50 percent and 70 percent of Egypt's GDP, the head of one of the largest public banks said on Monday. The financial inclusion is a necessity for Egypt's economic development and ensuring its financial (...)

23 - 10 - 2017
AAIB bank negotiating 250-300 mln Egyptian pounds financing
Egypt's Arab African International Bank (AAIB) is seeking to obtain finances ranging between 250 million Egyptian pounds and 300 million pounds from several banks this year. AAIB has so far received approvals from three banks to secure loans, a (...)

04 - 06 - 2017
Egypt's AAIB bank to set up presence in Rwanda, Kenya in 2020
Egypt's Arab African International Bank (AAIB) is planning to set up an African presence after 2020, senior sources in the bank told Amwal Al Ghad on Tuesday. The bank has chosen Rwanda and Kenya to make its African presence, the sources (...)

16 - 05 - 2017
Egypt's Banque Misr says to open representative office in Russia in H2
Egypt's second largest bank, state-owned Banque Misr will open its representative office in Russia in the second half of the current year, its vice chairman Akef El Maghraby told Amwal Al Ghad on Monday. The bank has also plans to set up presence in (...)

08 - 05 - 2017
Egyptian banks raised 101 billion pounds for SMEs – cbank official
Egyptian banks have raised 101 billion Egyptian pounds ($5.6 billion) in finances for around 37,000 small and medium-sized enterprises, central bank deputy governor Gamal Negm said Monday. "The banks have also granted more than 6 billion pounds as (...)

08 - 05 - 2017
Egypt's central bank to launch microfinance initiative before May-end: official
Egypt's central bank is preparing the ground to launch a new initiative dedicated for the microfinance sector before the end of this month, deputy governor Gamal Negm announced Monday. According to the new initiative, the banks will not be obliged (...)

08 - 05 - 2017
SMEs seize 18% of Misr Iran Bank's credit portfolio
Small and medium-sized enterprises are representing 18 percent of Egypt-based Misr Iran Development Bank's total credit portfolio of 7 billion Egyptian pounds ($386.6 million), managing director Amr Tantawi said Monday. MIDB seeks to reach 20 (...)

08 - 05 - 2017
Three banks seek Egypt regulatory approval to apply factoring activities
Three banks are seeking the Egyptian market regulator's approval to obtain licences designated to practice factoring activities. One of the three bidders is Banque Misr, the country's second largest public bank, a senior source in the Egyptian (...)

29 - 04 - 2017
AAIB bank Egypt to complete technology upgrade in June
Egypt's Arab African International Bank (AAIB) plans to complete upgrading its information technology systems before June, sources with knowledge in the bank told Amwal Al Ghad on Wednesday. Through the upgrade move, the bank aims to start applying (...)

19 - 04 - 2017
Egypt's Misr Iran bank 2016 profits jump to 1 bln pounds on currency float
Egypt's Misr Iran Development Bank (MIDB) says profits had risen to one billion Egyptian pounds ($55 million) during 2016, significantly benefited from the central bank move to float the currency on Nov 3. The country's central bank decided on Nov 3 (...)

16 - 04 - 2017
EBRD loans Egyptian Gulf Bank $20 million to boost Egypt SMEs
The European Bank for Reconstruction and Development (EBRD) has provided the Egyptian Gulf Bank a $20 million loan, an official in the EGBank announced Saturday. The loan is to support the small and medium-sized businesses in Egypt, said Ahmed Nagy (...)

01 - 04 - 2017
Gulf deposits to Egypt sharply fall to $2 bln in 2016: official
Deposits from the Gulf to Egypt's central bank (CBE) have fallen to record $2 billion during 2016, from $31 billion earlier in 2011, CBE governor Tarek Amer said Monday. "This fall has affected indeed the CBE's foreign currency liquidity," Amer (...)

27 - 03 - 2017
AAIB bank, Germany's SANAD Fund team up to form Egyptian microfinance firm
Cairo-based Arab African International Bank (AAIB) and SANAD Fund for MSMEs, part of the German state-run Kfw Development Bank, are forming a new company to practice microfinancing activities in Egypt. AAIB has submitted the constitutional documents (...)

08 - 03 - 2017
Four leasing firms plan multi-million-pound loan for Egyptian property developer
A consortium of four Egyptian leasing firms is arranging a syndicating financing worth 450 million Egyptian pounds ($25.6 million) for a local property developer. The financing will be directed for some construction works in the property developer's (...)

07 - 03 - 2017
Central Bank of Egypt braces for multi-billion-pound microfinance initiative
Egypt's central bank is preparing the ground to launch a new initiative dedicated for the microfinance sector before the end of this financial year, banking sources with knowledge told Amwal Al Ghad on Wednesday. The Central Bank of Egypt (CBE) (...)

01 - 03 - 2017
IFC approves $100 million loan for Egypt's AAIB bank
The International Finance Corporation (IFC), a member of the World Bank Group, approves to provide Egypt's Arab African International Bank (AAIB) with $100 million loan aimed at boosting dollar liquidity. IFC is set to sign the loan agreement with (...)

13 - 02 - 2017
Egypt's Al-Abd to deliver 16 housing buildings in Al Asmarat City next June
Egypt-based leading Contracting Company Al-Abd targets delivering 16 housing buildings in Al Asmarat City, Mokattam, by June 2017 with total cost of 200 million Egyptian pounds ($10.6 million). Said Fattouh, vice chairman, said Sunday that his (...)

22 - 01 - 2017
The Train of Salt and Sugar: an odyssey of bitter and sweet
"Sometimes those who are supposed to protect us are the ones who attack us," says the main character Rosa in the film The Train of Salt and Sugar, screened at the Cairo International Film Festival. The film, funded by institutions in five different (...)

05 - 12 - 2016
Egypt to offer 49% of Banque du Caire shares on bourse in Q2
Egypt will offer a 45 percent stake in state-run Banque du Caire on the local stock market in the second quarter of 2017, an official in the parent company told Amwal Al Ghad on Saturday. Misr Financial Investments Company is Banque Misr's (...)

12 - 11 - 2016
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