Month: May 2016

NBE studying expansion into Saudi market in next period

Bank collected $500m from foreign currency saving schemes

Asmaa Nabil

Why enterprises in Egypt need an “Open Hybrid Cloud”

Before getting into the details of why enterprises in Egypt need an…

Alessandro Perilli

Al-Sisi opens MOPCO $1.96bn expansion

60% of the factory's products will be exported to more than 20…

Mohamed Adel

Playing politics: the AFC gets tied up in knots

Two recent incidents involving the refusal of Arab teams to play their…

James Dorsey

Barclays Egypt awaits sale of local unit to implement strategic plans

EGP 1bn achieved in SMEs financing portfolio as of March

Ayat Al-Batawi

Turkey: Law experts concerned by stripping of immunity

An amendment to strip parliamentary immunity has sent shockwaves through Turkey. The…

Deutsche Welle

Armed Forces publish photos of EgyptAir flight MS804 debris

Images of wreckage show torn life jackets, seats, and parts from the…

Adham Youssef

EGP 12bn increases in size of Egyptian Gulf Bank assets

Bank plans to increase its retail banking portfolio to EGP 1.4bn by…

Waleed Abdel Azeem

Pound to depreciate to EGP 9.5 to US dollar by end of 2016: Standard & Poor’s

The Central Bank of Egypt (CBE) devaluated the pound by 13% in…

Hossam Mounir

NBE considers granting EGP 7bn to economic sectors in coming period: deputy chairperson

The bank settled EGP 2bn of non-performing debts from July 2015 until…

Hossam Mounir