BANKING

22 Apr 2019

NBK to increase its share market in Egyptian retail sector

Cairo: The National Bank of Kuwait (NBK) is focusing on increasing its market share in Egypt, according to CEO of NBK Essam Saker.

He added in a statementthat the expanding will be in the retail sector –"...

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22 Apr 2019

CBE to issue LE 17.2B in T-bills Sunday

Cairo: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 17.2 billion in treasury bills on Sunday, April 21.

The T-bills will be offered in two installments; the first installment"...

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22 Apr 2019

Egypt to experiment 5G during 2019 Africa Cup of Nations

Cairo: Minister of Information and Communication Technology (ICT) AmrTalaat affirmed Egypt's interest in cooperating with Huawei in the field of Artificial intelligence and transferring technology as well as the fifth generation technology (5G).

Talaat"...

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17 Apr 2019

CBE extends its initiative to support defaulters at ABE until June

The Central Bank of Egypt (CBE) has decided to extend its initiative to support debt defaulters at the Agricultural Bank of Egypt (ABE) until the end of June.

The defaulters initiative was launched in June 2018"...

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17 Apr 2019

Bank of America Reports First-Quarter 2019 Financial Results

Bank of America reported its first-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia."...

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17 Apr 2019

Moody’s Acquires Majority Stake in Vigeo Eiris, a Global Leader in ESG Assessments

Moody’s Corporation (NYSE: MCO) announced today that it has acquired a majority stake in Vigeo Eiris, a global leader in Environmental, Social and Governance (ESG) research, data and assessments. The acquisition furthers Moody’s objective of promoting global standards for ESG"...

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16 Apr 2019

Egypt to float stake of Banque du Caire on EGX by end of 2019

CAIRO – 15 April 2019: Egypt plans to offer a stake of Banque du Caire on the Egyptian Exchange (EGX) by the end of this year, Governor of the Central Bank of Egypt (CBE) Tarek Amer told Bloomberg.

Amer clarified that the to-be-floated stake will be 20 percent and might"...

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14 Apr 2019

CBE governor: Egypt is not in need of new program with IMF

Cairo: Governor of the Central Bank of Egypt (CBE) Tarek Amer said that Egypt's economic reform program has exceeded expectations, noting that Cairo is not in need of a new program with the International Monetary Fund (IMF).

The"...

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13 Apr 2019

Suez Canal Bank amends authorized capital to EGP 5B

ArabFinance: Suez Canal Bank’s (CANA) extraordinary general meeting (EGM) approved amending Article (6) from the bank’s articles of association, the company said Thursday in a statement to EGX.

Under"...

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10 Apr 2019

Machine Learning Will Become Reality In The Near Future 

• Huge opportunities for better business intelligence and across a range of activities carried out by accountants

• Adoption of machine learning needs to be based on legitimate business need rather than just wanting to be seen as using AI

• Ethical"...

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