Egypt policy measures improve banking but investments slow, BLOM Bank Egypt chief says
CAIRO, Aug 22 (Reuters) - Egypt's policy decisions last November to float the pound and subsequently raise interest rates have improved conditions for the banking sector but have slowed investment and dampened consumer loan demand, BLOM Bank Egypt's CEO told Reuters.
Tuesday, August 22, 2017
Traders Cheer as Egypt Finance Chief Loses Stocks Tax Battle
The trading floor of Egypt’s bourse erupted into cheers when the government suspended plans to charge a capital-gains tax.
Tuesday, May 19, 2015
Egypt Stocks Jump Most Since July 2013 After Gains Tax Delayed
The benchmark EGX 30 Index climbed 6.5 percent, the most since July 2013, to 8,798.17 at the close in Cairo. It's the world's best performer among 93 gauges tracked by Bloomberg. Commercial International Bank Egypt SAE, the country's biggest listed lender, advanced the most since December 2013.
Monday, May 18, 2015
On the comeback trail: Egypt's banks start to blossom
The global financial crisis and Arab Spring uprisings all but decimated Egypt's economy. However, its banks survived this period with admirable resilience
Thursday, April 30, 2015
Egypt-based Sawari Ventures to close $50 mln fund to new investors by year-end
Egypt-based investment firm Sawari Ventures expects to close its recently launched $50 million fund to new investors before year-end, its founder and chairman told Reuters on Wednesday.
Wednesday, April 08, 2015
Egypt's banking sector: Beacon of stability
We have all begun to notice the slow but steady recovery taking place in Egypt. The utter turmoil of the past three years should have destroyed Egypt, but it did not. Instead, Egypt avoided a major collapse and survived. How?
Sunday, March 15, 2015
Economic forum signals bright prospects for Egypt's recovery
Heads of state and representatives of international organisations are among those who will participate in Egypt's economic conference beginning on Friday.
Sunday, March 15, 2015
Suez Canal Seen Reviving Egypt's Syndicated Loans, CIB Says
The biggest expansion of Egypt's Suez Canal since it opened in 1869 will boost syndicated loan deals in North Africa's biggest economy, according to the nation's largest publicly traded bank.
Sunday, October 19, 2014
Mideast's One Islamic Banking Woman CEO Sees Egypt Growth
Abu Dhabi Islamic Bank PJSC (ADIB)'s Egyptian unit sees demand for Shariah-compliant finance picking up, expecting to complete deals for about 5 billion pounds ($699 million) in the next year.
Thursday, July 17, 2014
Egypt Election: Business Is Willing to Overlook Bad Habits for Stability
From his office at the headquarters of the Commercial International Bank, Hisham Ezz el-Arab has a view onto Giza Zoo and beyond that, the Nile River, which cuts through Cairo's ancient center.
Wednesday, May 28, 2014
Egypt's banks look for growth in a crisis
Egypt's banks were well insulated from the global financial crisis, but with continuing political instability since the overthrow of former president Hosni Mubarak, many are wondering just how long the country's banks can outpace its slowing economy