Egypt News Abdel Al urges recovery of stolen assets during visit to Switzerland aya salah Feb 16, 2016 0 Egypt's speaker of parliament Ali Abdel Al has again called on Switzerland to work with Egypt in recovering…
Financial Institutions Saudi Arabia allocates $31 million to activate Sisi’s initiative for youth aya salah Feb 16, 2016 0 The Saudi Fund for Development grants 250 million Egyptian pounds ($31 million) to Egypt’s Social Development Fund…
Banks Four banks ink $381mn-bridge loan for Egypt’s Social Housing project Noha Gad Jan 31, 2016 0 Egyptian housing ministry and Social Housing Fund have signed a bridge loan agreement with four banks to provide…
Egypt News Egypt can recover funds in Swiss banks only if proven to be illicit gains aya salah Jan 17, 2016 0 Switzerland cannot start the retrieval process from Swiss banks for the frozen assets of Egyptian ex-president…
Egypt News Justice minister negotiates with 15 businessmen to return smuggled funds Noha Gad Jan 7, 2016 0 Minister of Justice Ahmed Al-Zind said negotiations were ongoing with 15 of those charged with making illicit…
Banks Egypt’s National Bank, AfDB portfolio for SMEs hit $340mn Noha Gad Dec 22, 2015 0 The total funds provided by the African Development Bank (AfDB) in favor of the National Bank of Egypt (NBE) for…
Banks NBE funds for medium-sized leasing firms hit $338mn Noha Gad Dec 21, 2015 0 The total funds of National Bank of Egypt (NBE) for medium-sized leasing firms hiked to 2.650 billion Egyptian…
Financial Institutions Egypt’s private insurance funds record $5.5bn in investments aya salah Dec 16, 2015 0 The investments of the private insurance funds in Egypt grew 8 percent in 2014 to reach 43 billion Egyptian pounds…
Financial Institutions Private insurance funds assets hit $6bn in FY2014-15: Egypt regulator Noha Gad Nov 23, 2015 0 The total assets of private insurance funds rose by 10 percent to hit 48.2 billion Egyptian pounds (US$6.1 billion)…
Banks Some U.S. bond funds bet on high-yield survivors of oil carnage Noha Gad Oct 26, 2015 0 High-yield energy bonds are on track for their worst year since the global financial crisis yet some funds are…