BANKING

25 May 2016

Egypt signs $850k AfDB sanitation grants

Egypt has signed Wednesday two grants totalling $850,000 with the African Development Bank (AfDB) in favour of the Egyptian agriculture and sanitation sectors.


On the sidelines of the AfDB’s Annual Meetings in Lusaka, Zambia, Egyptian Minister of International Cooperation Sahar Nasr has signed the grant agreements.

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25 May 2016

World Bank delegation visits developmental projects in Egypt’s Luxor

A high-level World Bank delegation has visited Luxor, southern Egypt on Tuesday to follow up the implementation of the emergency labour intensive investment projects.


A loan of US$ 200 million is financed by the World Bank to Egypt, for an Emergency Labor Intensive Investment Project (ELIIP). The loan aims to help"......

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25 May 2016

AfDB delegation to visit Egypt 29 June on $1.5bn loan’s 2nd tranche

An African Development Bank (AfDB) delegation will visit Egypt during the period from June 29 until July 5, Egyptian Minister of International Cooperation Sahar Nasr announced Tuesday.


The"...

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25 May 2016

AlexBank launches new initiative to promote Egypt’s handcrafts and artworks industry

Egypt’s AlexBank – a member of Italian bank Intesa Sanpaolo Group – has launched Tuesday a new initiative that aims to promote the Egyptian handcrafts and artworks industry.


Named"...

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19 May 2016

Islamic development bank says to open egypt resident office this year

The Islamic Development Bank (IDB) is planning to inaugurate its representation office in Egypt within the current year, an official in the bank’s private sector arm announced Tuesday.


The"...

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19 May 2016

International cooperation minister in Jakarta for IDB’s meetings

Egypt's International Cooperation Minister Sahar Nasr arrived in the Indonesian capital, Jakarta, on Tuesday 17/5/2016.


Nasr, who also serves as Egypt's Governor to the Islamic Development Bank (IDB), will lead the Egyptian delegation to the 41st annual meeting of the"......

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19 May 2016

Private sector accounts for 59.3% of finance from banks to clients

The private sector accounted for 59.3% of the total credit facilities granted by banks to their clients in the period between July 2015 and February 2016, according to the Central Bank of Egypt (CBE).


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17 May 2016

Egypt’s Madinet Nasr reviews banking offers for $112.5 mln loan

Egypt’s Madinet Nasr Housing is studying some banking offers to receive a loan worth one billion Egyptian pounds (US$ 112.5 million), sources familiar with the matter told Amwal Al Ghad on Monday.


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15 May 2016

Most currencies remain stable; Devaluation behind fall in Egyptian pound

DOHA: Most of the currencies have remained stable during the first four months of this year against Qatari riyal. Euro, Indian rupee, Philippine peso, Pakistani rupee, Sri Lankan rupee and Bangladeshi taka remained stable.

Nepalese rupee declined by around 3 percent during the same"...

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12 May 2016

Egypt to host SME Banking Egypt 2016 conference next week

Arab Finance: Considering the importance of Small and Medium Enterprises (SME) and their contributions to the economy, the Central Bank of Egypt (CBE) has announced various programs to promote their growth in Egypt.

The"...

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