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Money
Egypt Won’t Devalue Egyptian Pound Against US Dollar: El-Okdah
The Governor of the Central Bank of Egypt Farouk El-Okdah insisted that there is no plans to devalue gradually the…
NBE To Launch New Branch In Juba By 2013
The National Bank of Egypt (NBE) will inaugurate a new branch in Juba, South Sudan with a capital of US$ 30 million…
NBE Renews 150k Shops
The National Bank of Egypt (NBE) will sign a cooperation protocol with the Division of Food Industries of the Cairo…
Ashraf El-Sharkawy Targets Improving Takaful Insurance Sector
The Chairman of the Egyptian Financial Supervisory Authority (EFSA), Ashraf El-Sharkawy met with the chairmen of…
Faisal Bank: Assets Hit EGP 37.7 Bln In June 2012
The Faisal Islamic Bank of Egypt stated that the value of its assets rose by EGP 2.6 billion, registering EGP 37.7…
HSBC Egypt Chairman Retires
Abdel Salam El Anwar, who served as Chairman of HSBC Bank Egypt since 2003, was retired. Sources said Simon Cooper,…
Hassan Malek, Richard Banks Organize Euromoney 2012
Hassan Malek, Founder and Chairman of EBDA, Egyptian Business Development Association, and a number of businessmen,…
United Bank Mulls Contributing US$ 10 Mln To EGPC Loan
The United Bank of Egypt studies contributing to the Islamic syndicated loan amounting to US$ 500 million arranged…
Swiss Re sees huge private protection gap among European
Swiss Re will today publish the European Insurance Report 2012 highlighting potential gaps between the insurance…
Abo El Sebaa Receives EGP 50 Mln Credit Facilities From 15 Banks
About 15 banks started to disburse credit facilities of EGP 50 million to shore up the ailing Abo El Sebaa Weaving…