Egypt After 2025: Navigating a Critical Inflection Point    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    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    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    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    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    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 Mohamed Samir Taha Sakr
Egypt has made great progress over past decade to empower women: Canada's International Development Minister
Canadian Minister of International Development Harjit Sajjan conducted a visit to Egypt, where he met with several Egyptian ministers and officials to discuss ways to strengthen bilateral relations and other topics of common interest. On the (...)

23 - 08 - 2022
Egypt's Senate commences fulfilling its obligations under clear jurisdictions: Ahmed Diab
The Egyptian Senate has commenced fulfilling its obligations under the clear jurisdictions that it has as the upper house of Parliament, Senator Ahmed Diab has told Daily News Egypt. Diab, Undersecretary of the youth and sports committee in the (...)

23 - 06 - 2021
Fiscal deficit to record 7.3% of GDP in FY19, current account will move into surplus from 2021, political stability to strengthen
Egypt's economic reform programme agreed with the IMF will ensure some progress on fiscal consolidation, efforts to reform the fiscal and business environment will continue throughout 2019-23, albeit at a modest pace, The Economist Intelligence Unit (...)

28 - 08 - 2019
Nissan introduces new hatchbacks at Automach Formula 2016
Nissan Motors Egypt will introduce two new hatchback models at the international automotive exhibition Automach Formula 2016. The company said that the new models – the Sunny and the Sentra – that were manufactured at the local Nissan factory in 6th (...)

16 - 03 - 2016
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
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
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
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
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
Banks Solely Focus On Profits, Neglect Developmental Projects: Abdel Moaty Lotfy
Abdel Moaty Lotfy, deputy chairman of the Federation of Economic Development Associations, said the banking sector solely focuses on achieving profits and does not do its duty in achieving development. Then, he called on banks to finance (...)

28 - 11 - 2012
Ahli United Bank Egypt's Retail Loans Hit EGP 80 Mln
Ahli United Bank Egypt's retail loan portfolio reached EGP 80 million in the first 10 months of 2012. Sources said the bank plans to inject EGP 20 million to the portfolio to reach EGP 100 million before the end of 2012. The personal loans accounted (...)

25 - 11 - 2012
Alexandria Business Association In Talks With CIB Over EGP 20 Mln Loan
The Commercial International Bank (CIB) is in talks with the Alexandria Business Association (ABA) to receive a loan worth EGP 20 million to finance micro-enterprises. ABA conducts negotiations with a number of other banks which deal with the Social (...)

24 - 11 - 2012
NBE, EALB, ABC May Settle EGP 115 Mln Debt For Dokki Hospital
The National Bank of Egypt (NBE), the Egyptian Arab Land Bank (EALB) and the Arab Banking Corporation (ABC) plan to settle debts of EGP 115 million owed by a customer working in the medical sector. A source at NBE said 60% of the debt is owed to (...)

24 - 11 - 2012
United Bank Mulls Contributing To Loans For Steel, Ethylene Factories
United Bank considers contributing with EGP 200 million to the loans being arranged in the current period for Egyptian Steel Group and Egyptian Company for Ethylene, said Mohamed Ashmawy, chairman of the bank. On the sidelines of the Regional (...)

20 - 11 - 2012
Blom Bank Egypt Considers Contributing To Loan For Ethylene
Blom Bank Egypt studies contributing between EGP 100-150 million to the US$ 1.250 million loan being arranged for the Egyptian Company for Ethylene, sources said. On the sidelines of the Regional Islamic Finance Forum held by the Central bank of (...)

20 - 11 - 2012
Audi, BM, SAIB To Provide EGP270 Mln Bridge Loan To Egyptian Steel
The three arrangers of the US$ 1.07 billion loan for the Egyptian Steel Group approved to offer a bridge loan ranges between EGP 250-300 million to the Group, before receiving final approvals from contributors to the loan. Sources at Banque Misr (...)

20 - 11 - 2012
Foreign Banks' Exit From Egypt Increases Egyptian Banks' Chances: CIB
The exit of foreign banks from the Egyptian market will increase the chances of Egyptian banks to expand in the market, said Hisham Ramez, deputy chairman and managing director of Commercial International Bank (CIB). CIB has no intention at all to (...)

14 - 11 - 2012
CIB Signs SME Finance Contract Worth EGP 100 Mln With SFD
The Commercial International Bank (CIB) signed today its first contract with the Social Fund for Development (SFD) to finance small and medium poultry enterprises (SMEs). The project will support poultry sector through financing the establishment of (...)

14 - 11 - 2012
SFD Secures US$45 Mln From European Investment Bank
The Social Fund for Development (SFD) will sign tonight finance contracts worth US$ 45 million with the European Investment Bank to finance small and medium enterprises (SMEs). Ghada Wali, secretary general of SFD, said in an interview Amwal Al Ghad (...)

14 - 11 - 2012
Banque Misr To launch Two New Products In FY 2012/13
Banque Misr targets to launch two new products in the current fiscal year which are sharia-compliant mortgage and Hajj finance. The bank is currently doing studies to determine the value of the portfolio of the Murabaha Mortgage product, said Ahmed (...)

10 - 11 - 2012
How Egypt's banks can profitably mitigate climate change
As climate change takes center stage in the global and regional arenas, as well as here in Egypt, financial institutions can play a leadership role in our planet's next act. Specifically, by offering innovative loan products, they can help (...)

29 - 12 - 2010
Musicians protest low wages at Cairo Opera House
Nearly 200 musicians from the Arabic Music Orchestra and Egypt's National Orchestra demonstrated on Wednesday outside the Cairo Opera House to protest their low salaries. Members of the Arabic Music Orchestra threatened not to participate in the (...)

28 - 10 - 2010
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