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S&P raises ratings on four Egyptian banks

  /  November 19, 2013  /  Business  /  1 Comment

Ratings agency upgrades long-term ratings on National Bank of Egypt, Banque Misr and Commercial International Bank to B- from CCC+, raises public information rating on NSGB.

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Egypt’s Business Directory names the top five local banks

  /  October 26, 2013  /  Business  /  No Comments

CIB tops the list as the largest bank in Egypt followed by NSGB, the fastest growing bank in the country

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High interest rates attract international and Gulf banks

  /  June 10, 2013  /  Business, Economy  /  No Comments

“The fact that there’s a general trend of expansion happening is a positive step for the banking sector in Egypt,” said Hesham Shawqi, head of the investment sector at Arab Investment Bank in Cairo.

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Business News: Large banks ranked most efficient while small banks achieve fastest growth

  /  May 25, 2013  /  Business, Economy  /  No Comments

CIB rated as most efficient, followed by NSGB, while HSBC places third due to its refusal to disclose information on its non-performing loans

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Egypt: International banks eyeing long-term growth

  /  May 18, 2013  /  Business, Economy  /  No Comments

Egypt’s market is also attracting attention from Gulf banks

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ETA reveals top 10 taxpayers for FY 2012-2013

  /  May 8, 2013  /  Business, Economy  /  No Comments

Banks dominate list

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Government cancels EGX dividends and gains taxes

  /  April 9, 2013  /  Business, Economy  /  No Comments

Government official: No further NSGB-QNB deal taxes, any already collected to be refunded

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Egypt ‘too big to fail’: Director of Actis in Egypt

  /  April 6, 2013  /  Business, Economy, interviews  /  21 Comments

Actis is an emerging markets investor with US$5.2 billion funds under management. Through the expertise of over 120 investment professionals on the ground in twelve countries, Actis identifies investment opportunities in three areas: private equity, infrastructure and real estate. Daily News spoke to Actis’s Director in Egypt about the current business environment in Egypt, the challenges as well as the solutions to reposition Egypt as an attractive investment destination.

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EGX 30 drops to lowest level in three months

  /  March 26, 2013  /  Business, Economy  /  No Comments

NSGB tax deal pulls indices down

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10% tax on NSGB sale profits

  /  March 26, 2013  /  Business, Economy  /  No Comments

‘Based on difference in buy and sell prices’, not all investors involved in the deal will pay the tax

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Purchase offer period ends as QNB acquires 100% of NSGB

  /  March 25, 2013  /  Business, Economy  /  No Comments

Qatar National Bank bought each share at EGP 35.65, with the total value of the sale reaching EGP 16.142bn

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NSGB workers threaten strike over ‘Qatar problem’

  /  March 3, 2013  /  Banking, Business  /  No Comments

Employees have expressed disapproval over Qatar National Bank’s acquisition of 100% of NSGB, and are to stage a protest on Monday to denounce the agreement

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Qatar National Bank buys 100% of NSGB

  /  February 25, 2013  /  Business, Economy  /  No Comments

EFSA has approved QNB’s offer of EGP 38.65 per share for 100% of NSGB’s shares

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QNB offers a tender to take over entire NSGB stake

  /  February 10, 2013  /  Banking, Business  /  No Comments

This deal acts as an important step in QNB’s strategy to expand in foreign markets and is the largest acquisition in the history of the QNB group

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Egypt’s Central Bank agrees to sell both BNP Paribas and NSGB

  /  February 4, 2013  /  Banking, Business  /  No Comments

The Central Bank of Egypt (CBE) agreed to plans discussed last week to sell both BNP Paribas and National Société Générale Bank (NSGB)

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Egypt: Banks attracting Gulf investors

  /  February 2, 2013  /  Business, Opinion  /  No Comments

  By Robert Tashima Despite an uncertain political climate and a sluggish economic recovery, the long-term prospects of Egyptian banks are attracting attention from their Gulf counterparts. Two recently announced acquisitions have brought the sector read the rest…

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EGX upward trend cut short

  /  December 17, 2012  /  Business  /  No Comments

Analysts say that a “Yes” vote on the constitutional referendum would positively influence the Egyptian stock market

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QNB in final stages of NSGB acquisition

  /  December 12, 2012  /  Banking, Business  /  No Comments

Qatar National Bank (QNB) Group announced that it is in “definitive agreement” with the French bank Societe Generale concerning the acquisition of its entire stake in National Societe Generale Bank Egypt (NSGB). Societe Generale owns read the rest…

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Hamstrung, humbug and hubris

  /  December 1, 2012  /  Opinion  /  No Comments

By Philip Whitfield Cairo: Sheep steal elections. But you tempt fate pulling the wool over voters’ eyes.   War is not receding in the Middle East. It is building to a crescendo US secretary of read the rest…

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Qatar National Bank in talks to acquire majority stake in NSGB

  /  September 2, 2012  /  Business  /  No Comments

By Sarah Daoud Société Générale is in talks with Qatar National Bank (QNB) to sell its majority stake in its Egyptian subsidiary, according to Mohamed El Deeb, chairman and managing director of National Société Générale read the rest…

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