BANKING

21 Nov 2016

Egypt's Eurobond may be delayed until mid-January- Minister

Egypt's finance ministry may delay issuing $2-2.5 billion in international bonds until mid January due to market volatility, state news agency MENA said.

"There is volatility in the global market at the moment and we will wait for a few days to determine"......

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20 Nov 2016

Egypt’s state agriculture bank inks debt settlements with 5200 clients

Egypt’s main agricultural lender PBDAC has signed debt settlement agreements swith 5200 clients during the first four months of the current financial year, chairman El-Sayed El-Kosayer announced Saturday.

The"...

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20 Nov 2016

Competition to ‘Redesign Egypt’s Currency’ Goes Viral

An Egyptian graphic designer is encouraging the public to submit new design ideas for Egypt’s banknotes for a “currency redesign challenge” that has gone viral on social media.

Reassuring viewers that the competition is not being carried out in"......

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19 Nov 2016

Billionaire bids to end Egypt bourse row with Beltone stake sale

Egyptian billionaire Naguib Sawiris is selling some of his investment bank in a bid to ease the institution’s more than six-month spat with the country’s stock exchange.

Sawiris’ Orascom Telecom"...

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17 Nov 2016

National Bank of Egypt signs protocol with Misr Life Insurance to digitize its operations

National Bank of Egypt has signed a cooperation protocol with Misr Life Insurance as the lender looks to improving services to its customers and providing electronic banking services.

The protocol involves the development"...

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16 Nov 2016

Egypt bourse to host Euro-Asian stock exchanges federation annual meetings

Egyptian stock exchange (EGX) is hosting Wednesday the annual conference of the Federation of Euro-Asian Stock Exchanges (FEAS) in Sharm El-Sheikh.

In the presence of more than 25 heads of European, Asian, and Arab"...

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15 Nov 2016

Agilysys Accelerates Global Growth with New U.K. Office to Serve EMEA Region

Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of next-generation hospitality software solutions and services, today announced that due to continued growth across its global markets, the company has opened a U.K. office to serve the Europe, Middle East and Africa (EMEA) region. James Slatter has been named managing director"......

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14 Nov 2016

EGP moves higher against US dollar at Egypt’s banks

The exchange rate of the US dollar against the Egyptian pound declined on Sunday at the Egyptian banks currency systems as it trades between EGP 15 to EGP 16.

Such decline followed the approval"...

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13 Nov 2016

TE’s Q3 profits surpass investment banks’ expectations by 11.9%

The achieved business results of Telecom Egypt (TE) during the third quarter (Q3) of 2016 have surpassed average expectations of research departments in investment banks and brokerage companies, as the company recorded net profits worth EGP 868.1m, with an increase of 11.9% compared to investment banks’ expectations of EGP 775.5m.

The"...

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09 Nov 2016

Lagarde praises Egypt austerity

The head of the International Monetary Fund praised Egypt's recent austerity measures on Tuesday and called on the world lender's Executive Board to finalize a US$12 billion loan package to help rebuild the economy of the Arab world's most populous country.

"...

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