Banking and Financial Sector

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
Thursday, May 01, 2014