EGX Changes AWB Names to NBK Egypt, Effective as of May 22
The Securities Listing Committee at the Egyptian Exchange (EGX) approved on Wednesday changing the name of Al…
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AWB
NBK Rebrands its Subsidiary in Egypt
National Bank of Kuwait Group (NBK), the largest financial institution in the country, rebranded its subsidiary in…
Maintaining Banks’ Strength An Urge To Limit Economic Deterioration: Yasser Hassan
Maintaining the strength of the banking sector to be able to continue its role without being exposed to large risks…
Egypt Court Reverses Asset Freeze On 21 Local, Arab Businessmen
Cairo Criminal Court on Wednesday had reversed an asset freeze decree against a number of prominent businessmen…
Saudi- Egypt’s Assets Freezing To Gravely Affect Investments
A group of Egyptian businessmen and foreign investors said Egypt's recent decision to freeze an estimated EGP 10…
EGX 30 Ends Monday At 5197 Pts Weighed By Prosecutor’s Freezing Assets Decree
The Egyptian Exchange (EGX) has ended Monday’s session posting humble gains of EGP 657 million driven by the…
Funds Of 21 Local, Arab Investors Frozen In Egypt Over AWB Case
Egypt’s prosecutor general Talaat Abdullah has issued late Sunday travel ban and assets freeze decrees against 21…
Hermes Official, Saudi Investors Freeze Businesses In Egypt Amid AWB Case
A wide number of Saudi and local businessmen decided on Sunday to freeze their direct and indirect investments in…
Al Watany Bank Of Egypt’s NPLs Hike To EGP 1.078 Bln
Al Watany Bank of Egypt’s non-performing loan portfolio surged to EGP 1.078 billion at the end of last December,…
Al Watany Bank of Egypt’s Loan Portfolio Hit EGP 7.2 Bln At End-2012
Al Watany Bank of Egypt (AWB) portfolio of loans and credit facilities witnessed a slight increase of EGP 122.4…
Al Watany Bank of Egypt Reports EGP 304 Mln Net Profit In 2012
Al Watany Bank of Egypt (AWB) achieved net profit of EGP 304.078 million in 2012, compared to EGP 220.552 million…
Al Watany Bank Of Egypt Posts EGP 228 Mln Net Profit
Al Watany Bank of Egypt (AWB) witnessed a noticeable increase of 18.9% in net profit during the first nine months…
Market Manipulation Case Adjourned Till Dec 8th
Giza Criminal Court, headed by Judge Mohamed Reda Shawkat, adjourned Monday the consideration of the market…
From His New Shelter, ‘Fugitive’ Heikal Encourages Investment In Egypt
Arab world's premier investment bank EFG-Hermes (HRHO.CA) is getting into a state of paradox. EFG-Hermes CEOs are…
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…
Market Manipulation Case Adjourned Till Oct 7th
Cairo Criminal Court, headed by Judge Mohamed Reda Shawkat, adjourned Saturday the consideration of the market…
AWB Retreats From Contributing EGP 200 Mln To MAF Loan
Al Watany Bank of Egypt (AWB) retreated from contributing to the syndicated loan amounting to EGP 3 billion…
AWB’s Net Profit Hits EGP 161.4 Mln In H1
Al Watany Bank of Egypt (AWB) achieved net profit of EGP 161.4 million at the end of the first half of 2012, up…
Mona Zulficar: EFG-Hermes To Reconvene Within Week Upon EFSA’s Request
Mona Zulficar, EFG-Hermes Board of Directors chairperson, has asserted that signing the joint venture deal with…
AWB Considers Contributing EGP 250 Mln To Al Nouran Sugar Loan
Al Watany Bank of Egypt (AWB) considers contributing to the sharia-compliant syndicated loan worth EGP 1.2 billion…
EFSA: EFG-Hermes CEOs, Mubarak Sons Must Pay Back EGP2 Bln For Reconciliation
The Egyptian Financial Supervisory Authority (EFSA) has rejected the efforts exerted by EFG-Hermes chief executives…
AWB: Islamic Finances Reach EGP 500 Mln In Q1 2012
Al Watany Bank of Egypt (AWB) considers expanding in Islamic banking in the upcoming period through contributing to…
Mona Zulficar: Planet Deal Is Not Serious … EFG-Hermes CEOs Are Innocent
Mona Zulficar, EFG-Hermes’ Board of Directors Chairperson, has asserted that Planet IB’s announcement of a buyout…
AWB To Pay Coupon No.31 At EGP 1.50 Per Share
Al Watany Bank of Egypt (AWB) decided to pay coupon number 31 at EGP 1.50 per share on 6th of June. Shareholders…
AWB To Pay Coupon No.31 At EGP 1.50 Per Share
Al Watany Bank of Egypt (AWB) decided to pay coupon number 31 at EGP 1.50 per share on 6th of June. Shareholders as…
El Mallawany: Planet Offer Not Rejected, But Must Get EFSA Approval If Serious
Yasser El Mallawany, CEO of EFG-Hermes Holding, has denied selling all his investments in the Egyptian market.…