National Investment Bank secures EGP50 million for Egypt Railway Projects
The National Investment Bank (NIB) has disbursed another payment of loan worth 50 million Egyptian pounds (US$6.6…
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Momtaz El-Saeed
Ex-FinMin: Egypt Sees 4% Economic Growth on 2nd Stimulus Package
Momtaz El-Saeed, the Former Finance Minister and a board member of the National Investment Bank expected that the…
IDB To Offer US$ 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…
Bankers Differ On Impact Of Political Turmoil Over IMF Talks
Egypt is witnessing political turmoil after the eruption of violent clashes between protestors and security forces…
Egypt’s Budget Deficit Hits EGP 69.6 Bln In Q1
Egypt’s budget deficit rose by 3.9% to register EGP 69.6 billion at the end of Q1 of FY 2012/2013, up from EGP 47.2…
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…
New PPP To Be Announced Next January: Momtaz El-Saeed
The Egyptian government will announce the establishment of Public–Private Partnerships (PPP) by next January, said…
Egypt, Qatar Sign Contract For 2nd Deposit Tranche Worth $500 Mln
The Minister of Finance Momtaz El-Saeed announced finalizing the executive procedures for the $ 500 million second…
Hesham Kandil Plans Increasing Return On Insurance Funds
The Egyptian Prime Minister Dr. Hesham Kandil held a ministerial meeting discussing the possible methods for…
Egypt’s Govt. Securities Rose To EGP 18.5 Bln Since Morsi’s Inauguration
The Minister of Finance Momtaz El-Saeed stated that the volume of the government net borrowing (government…