National Investment Bank studies $157.6 mln loan for Egypt railway authority
State-run National Investment Bank of Egypt (NIB) is studying securing finances worth 1.4 billion Egyptian pounds…
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Momtaz al-saeed
IMF’s $12 bln loan ‘not enough’ to save Egyptian pound: ex-finance minister
A $12 billion IMF loan will definitely support Egypt’s foreign reserves and budget but it won’t be enough to curb…
Arab Investment Bank may become 3rd Egypt public bank to seek bourse listing
State-run Arab Investment Bank plans to float some of its shares on Egypt stock exchange, the bank’s chairman Hani…
National Investment Bank mulls $6.6mn finances for Egypt railway authority
State-run National Investment Bank of Egypt (NIB) is considering securing a new financing worth 500 million…
Egypt to float Arab Investment Bank on Cairo bourse: official
State-run National Investment Bank of Egypt plans to float some of its shares in the Arab Investment Bank on local…
NIB mulls new Mutual Fund to support Egyptian Bankrupt State Firms
The National Investment Bank of Egypt (NIB) is to launch a mutual fund aiming to support insolvent public firms,…
National Investment Bank Pumps EGP250mn for Textile Firms in 6 Months
Board of Directors of National Investment Bank (NIB) Momtaz Al-Saeed revealed that the bank is aiming to pump…
NIB announces EGP250mn Contribution to Egyptian Start-up Incubator Ayady
Egypt’s state-owned National Investment Bank (NIB) will contribute 250 million Egyptian pounds (around US$35…
NIB Mulls Investing in a New Egyptian ICT Company’s EGP3.5bn Capital
The National Investment Bank is studying to invest in a holding company for managing technological zones, which…
Egypt’s FinMin to Decide on NIB’s Capital Increase within 2 Weeks
Egypt's Finance Ministry will make its decision within the next two weeks on the capital increase of the National…
Egypt Gets $500 Mln From Qatar, Says $500 Mln From Turkey Soon
Egypt has received a final $500 million installment of funds promised by Qatar and will get another $500 million…
Egypt To Raise Bond Sale Goal 60% As Unrest Delays IMF
Egypt plans to sell about 60 percent more government bonds next quarter after political unrest prompted authorities…
IDB To Offer US$ 31.03 Mln Finance To Al-Azhar University Hospital
The Islamic Development Bank’s Board of Executive Directors approved in its meeting last Sunday to contribute to…
New Tax Raises Aim At Fighting Evasion: Egypt’s Finance Minister
The recently announced tax hikes ratified by President Mohamed Morsi and revoked by him shortly after due to public…
Egypt’s Ministerial Group Reviews Economic Situation And Govt’s Plan
The ministerial economic group held a meeting this morning led by Egyptian Prime Minister Hesham Kandil, to review…
CBE Secures 3rd Tranche Of Qatar’s US$ 2 Bln Deposit
The Minister of Finance Momtaz Al-Saeed announced that the Central Bank of Egypt (CBE) received US$ 500 million…
Momtaz al-Saeed: Egypt Needs EGP160 bln To Achieve Interior Balance
Egypt's Minister of Finance, Momtaz al-Saeed, the budget deficit and the government's inappropriate income…
EGP1.4 bln New Framework Agreement With Islamic Bank: Momtaz al-Saeed
The ministers of finance, planning and international cooperation, and petroleum and mineral resources will sign a…
Renegotiating with Mobile Operators is More Feasible than Imposing Taxes
Engineering consultant Mamdouh Hamza has called upon renewing negotiations with foreign mobile operators working in…
Turkey Allocates $2 bln Financial Package For Egyptian Economy
Turkish Deputy Prime Minister Ali Babacan and Essam Al-Haddad, Deputy President of Egypt for External Relations and…
PM Kandil To Attend EGX Opening Session; Sept 4th
Egyptian cabinet sources told Amwal Al Ghad that Prime Minister Hisham Kandil will be attending Tuesday’s opening…
Egypt-IMF: More Money, More Likely?
Egypt’s proposed deal with the International Monetary Fund has been in the “maybe” category for many months – but…
Egypt To Ask For $ 4.8 Bln IMF Loan
Prime Minister Hesham Qandil will begin talks with head of the International Monetary Fund Christine Lagarde…
Egypt To Receive $500 mln Of Qatari Deposit Before Feast Holiday
Finance Minister Momtaz Al Saeed asserted that the aids of the Arab countries, KSA, Qatar, UAE and Kuwait, will…
Salaries To Be Paid 3 Days Before Eid EL Fater
Finance Minister Momtaz al-Saeed said he gave orders of paying the salaries 3 days before Eid El Fater (Islamic…
Finance Ministry Allocates EGP 10 mln For Sinai Development Authority
Egypt's finance minister, Momtaz al-Saeed, said the main priority of the state's budget for the fiscal year…
Momtaz Al-Saeed: Egypt, Libya To Prevent Smuggling Processes
Egypt and Libya agreed on taking control of the joint border-crossings to prevent the processes of smuggling goods…
EGX 30 Ends Near 5000 Pts, OTH 2.48% Up; Thursday
During Thursday opening session, the Egyptian Exchange (EGX) has posted gains EGP 3 billion as the capital market…
Egypt Unlikely To Obtain IMF Loan in 2012: CI Capital
Mona Mansour, financial analyst in CI Capital, said according to a senior government official familiar with…
Egypt’s Finance Minister Determines Features of New Budget
Finance Minister, Momtaz al-Saeed said yesterday that an agreement was concluded with Saudi Arabia to sign a $500…
Egypt’s Govt Pumps EGP 55.6 bln New Investments
Finance minister, Momtaz Al Saeed, said the state’s general plan for the fiscal year 2012/2013 budget includes…
Egypt’s Govt approves Final Draft Budget
Egypt's finance minister Momtaz al-Saeed has said the government has submitted yesterday its final draft budget for…