Egypt’s Top Performing Companies Ignore Online Presence: Business Directory
Egyptian companies do not realise the potential of an online presence, according to a study conducted by the…
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NSGB
Egypt Bourse Changes NSGB Names to QNB Al Ahli
The securities listing committee at the Egyptian Exchange (EGX) approved on Thursday changing the name of National…
NBE Issues $460 mln Letters of Credit for EGPA to Import Kuwaiti oil
The National Bank of Egypt (NBE) has issued $462 million letters of credit in favor of the Egyptian General…
S&P Raises Long Term Ratings on Egyptian Banks After Similar Action on Sovereign
Standard & Poor's Ratings Services has raised on Monday its long-term counterparty credit ratings on National…
ABA Seeks to Raise NSGB’s Credit Facilities to EGP50 mln
Alexandria Business Association (ABA) is planning to increase the amount of the periodic credit facilities granted…
QNB Official denies any talks to dispose its NSGB in Egypt
An official source from QNB Group today stated that QNB policy does not comment on rumors and it denies the…
Banque Du Caire: Signing El Nasr Coke’s Loan Will Be Within Days
Banque Du Caire has confirmed on Wednesday joining the banking consortium led by the National Bank of Egypt (NBE),…
Egypt Bourse to Enlist Two Major Firms By Year-End; Chief Says
Before the end of the current year, Egypt’s bourse will be enlisting two new major firms with a capital of EGP 5…
IDWBE Offers EGP 25 Mln Credit Facilities to Paper Firm in Default
Industrial Development Bank and Workers bank of Egypt (IDWBE) has finalized from floating rate debts in default…
S&P Cuts Rating On Four Egyptian Banks On Debt Risk
Standard & Poor's cut its rating on four Egyptian banks on Tuesday, saying they held a large amount of…
Egypt Bourse Struggles Under Heavy Hand Of Government
Egyptian fund manager Mohamed Ayad watched his clients lose money for months until he himself became a victim of…
Egypt Acquisition Tax Repeal Seen Before Orascom Telecom Deal
A law that will cancel a 10 percent acquisitions tax in Egypt will be announced before Altimo’s purchase of…
QNB Says Will Not Delist NSGB From Egypt Bourse
Qatar National Bank confirmed in a release sent to the Egyptian Exchange that there is no…
CBE Receives No Official Offers For Acquisition Of Banks
The Central Bank of Egypt (CBE) has not received any official offers for acquiring any bank in Egypt including…
NSGB’s Assets Hit EGP 68.5 Bln At End-March 2012
The value of National Société Générale Bank’s (NSGB) assets reached EGP 68.522 billion at the end of last March,…
Egypt’s NSGB First-Quarter Net Profit Rises 32 Pct
Egypt's National Societe Generale Bank, which is being bought by Qatar National Bank , posted a 32 percent rise in…
Egypt Cancels Tax On Bourse Dividends, Investment Gains
Dr. Abdullah Shehata, advisor of the Egyptian Finance Minister and head of economic committee at Freedom and…
EGX 30 Climbs Above 5000 Pts Powered By Foreign Buyers; Opening
The Egyptian Exchange (EGX) has opened this week session posting gains of EGP 1.05 billion backed by foreign buying…
Banque Misr Sells Its 4% Stake In NSGB To QNB
Banque Misr, the second largest private bank in Egypt, sold its 4% stake in National Société Générale Bank (NSGB)…
QNB Not To Change NSGB’s Administration
Ali Shareef Al-Emadi, CEO of Qatar National Bank Group, has presented the Group’s view on methods of cooperation…
Barclays Plans To Expand In Egypt As French Banks Retreat
Barclays Plc (BARC) plans to add branches in Egypt this year as Britain’s second-biggest bank by assets seeks to…
Port Said Steel Loan Arrangers To Sign Terms & Conditions Memo In April
The National Bank of Egypt (NBE), Commercial International Bank (CIB), National Société Générale Bank (NSGB) and…
Driven By Political & Market Instability, EGX 30 Dives 6.66% In Q1/13
During the first quarter of 2013, the Egyptian Exchange has incurred losses of EGP 20 billion as the capital market…
EGX Indices Open This Week Mixed, Benchmark Falls Below 51780 Pts
The Egyptian Exchange has opened this week incurring losses of EGP 122 million during Sunday’s opening driven by…
EGX 30 Falls 0.78% In Week Driven By NSGB Takeover Deal Taxes
In a week which witnessed the announcement of imposing tax gains on the acquisition deal of National Société…
QNB Acquires 97.12% Of NSGB With Additional 19.95% Stake Purchase
QNB, Qatar’s largest lender, has bought an additional 19.95% stake in National Société Générale Bank- Egypt (NSGB)…
Tax Gains On NSGB Takeover Deal Drags EGX 30 Below 5130 Pts
During Tuesday’s closing, the Egyptian Exchange (EGX) has extended its midday losses to eventually reach EGP 5.45…
EGX: 432 Mln Securities Total Shares Offered For NSGB Takeover Deal
The Egyptian Exchange’s management stated that the total shares offered for sale as regard to the National Société…
Egypt’s Govt. Imposes Tax Gains On NSGB’s Acquisition Deal
The Egyptian Tax Authority will impose tax on shareholders and investment funds that make capital gains from the…
EGX30 Falls 2.95 % In Week As OCI Tax Dispute Weighs
The Port Said court ruling proceeded by bloody riots, massive blaze and police strike alongside the pending tax…
NSGB Didn’t Ask For EFSA’s Approval On Capital Increase
The National Société Générale Bank (NSGB) has not submitted a disclosure form to the Egyptian Financial Supervisory…
NSGB’s Loan Portfolio Rose To EGP 37 Bln At End-2012
National Société Générale Bank's (NSGB) portfolio of loans and credit facilities rose EGP 1.963 billion…
HC Valuates NSGB Share Price At EGP 35.25, BOD Approves QNB Tender Offer
HC Securities, the independent financial advisor evaluating National Societe Generale Bank (NSGB.CA) share price,…
Banks Financing South Helwan Power Plant Extend Loan Period To 12 Years
Upper Egypt Electricity Production Company asked the banks, which submitted an offer to finance South Helwan Power…
After Entire Red Week, EGX 30 Falls 2.4% Amid Tax Concerns
In a week, the Egyptian Exchange has incurred losses of EGP 6.74 billion driven by the investors’ concerns over…
NSGB Assigns HC Securities As Financial Adviser For QNB Deal
National Société Générale Bank (NSGB) has assigned HC Securities as independent financial adviser for the offer…
Egypt Regulator Approves Qatar Bank’s Offer For NSGB
Egypt's financial regulatory authority has approved an offer by Qatar National Bank to buy 100 percent of National…
Alex Bank, NSGB, Bank Audi, EGB To Contribute To MAF Loan
Alex Bank Intesa Sanpaolo, National Société Générale Bank (NSGB), Bank Audi Egypt and Egyptian Gulf Bank (EGB)…
6 Banks Submit Offer To Finance South Helwan Power Plant With EGP 3 Bln
The National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), Arab African International Bank…
NSGB, Faisal Bank Join Consortium Funding South Helwan Power Plant
National Société Générale Bank (NSGB) and Faisal Islamic Bank of Egypt have joined the banking consortium,…