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12 Apr 2016

A.M. Best Special Report: The Dynamics of Takaful Markets Of the Middle East and Malaysia: Similar Models, Different Approaches, Contrasting Fortunes

A perception persists in the takaful market that Malaysia has been relatively successful in forming a vibrant takaful industry, while despite the Middle East having large Muslim populations, the takaful operators have struggled to establish a foothold in a market that has the potential"...

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12 Apr 2016

Banks must comply with new controls for foreign exchange deposits: CBE

The Central Bank of Egypt’s (CBE) balances of foreign exchange reserves increased by $520m during June, registering $20.0797bn, compared to $19.5597bn in May.


The Central Bank of Egypt (CBE) stressed that banks need to fully comply with all instructions given by"......

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12 Apr 2016

Launch of internet licences delayed to ensure distributors demand

The launch of regional internet licences has been postponed until its basic regulatory framework is restructured, especially until after the Ministry of Communications and Information Technology is sure there would be no demand from distributors"...

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12 Apr 2016

Islamic banks face challenges associated with managing liquidity

Islamic banks will face challenges throughout 2016 associated with the management of liquidity due to a 50% decline in the size of exported bonds through 2015 compared to 2013, Central Bank of Egypt (CBE) deputy governor Gamal Negm said.

...

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12 Apr 2016

5th Cityscape Egypt successful amid booming projects

The fifth edition of Cityscape Egypt, the country's largest real estate exhibition, proved to be a huge success.


Ninety exhibitors and thousands of visitors participated in the 4-day event (April 7-10) held at the Cairo International Exhibition Center.


"......

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12 Apr 2016

In recognition of World Water Day, Nestle supports water conservation awareness projects with children in Egypt

In recognition of World Water Day, Nestlé Waters brought together factory workers and children from the local community in Banha to educate them about the importance of water conservation in Egypt. Through a partnership with the Ministry of Education, each year Nestlé Water"...

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12 Apr 2016

KSA to supply Egypt with 700,000 tonnes of petroleum products a month

Saudi Arabia is to provide Egypt with 700,000 tonnes of petroleum products a month under a $23 billion deal over five years between Saudi Aramco and the Egyptian General Petroleum Corp, an EGPC official said on Monday.


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12 Apr 2016

Capital market sees activity in acquisition of financial consultancy licences

The Egyptian market is witnessing activity in the acquisition of financial consultancy licences as companies seek to avoid procedures required by the Egyptian Financial Supervisory Authority (EFSA) to issue new licences.

The demand for financial consultancy licences comes in light"...

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12 Apr 2016

Egypt's GASC says seeks wheat for May 21-31 shipment

Egypt's General Authority for Supply Commodities (GASC) set a tender on Monday to buy an unspecified amount of wheat from global suppliers for shipment from May 21-31.


Mamdouh Abdel Fattah, vice chairman of GASC, said the authority is seeking to buy cargoes of soft and/or"......

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12 Apr 2016

5 tips for enterprises in Egypt to become Mobile-First

Despite having a clear understanding of the benefits of mobile-first, a majority of enterprises in Egypt still have an ad-hoc approach to mobile app development and are only beginning to consider platform selection to help them formalize their"...

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