Month: March 2017

State has to work to increase foreign exchange resources: IDWBE chairperson

Exchange rate is set by supply and demand, increasing volatility of balance…

Hossam Mounir

Metropolitan to raise funds worth EGP 40m for TechnoScan and MetaMed 

Metropolitan Egypt contracted with TechnoScan and MetaMed to secure financing of EGP…

Hossam Mounir

Suez Cement Company to raise Helwan Cement productivity 

Inflationary effects of flotation are severe but necessary to complete the economic…

Alia Stouhi

Flotation raises the development cost of 665 feddans in New Heliopolis by 20%

Hany Al-Deeb, CEO of the Heliopolis Company for Housing and Development told…

Alia Stouhi

Postponement of El-Farasha’s offering to 2018 

EGP 1bn expected sales by the end of 2017 with 82% growth

Alia Stouhi

MFIC plans to establish EGP 500m real-estate fund 

Targeted profits of Misr Investment and Financing Fund at EGP 45%

Alia Stouhi

NBE increased its capital by EGP 26.4bn since June 2008: chairperson

We continue to strengthen the financial position of the bank and increase…

Hossam Mounir

Banks resilient in face of challenges Egypt witnesses: UAB

Egyptian banks are still operating well and achieved growth in most areas

Hossam Mounir

20% increase in loans, 15% more deposits at Al Baraka Bank: Beltone

Foreign currency loans account for 25% of loans, while deposits in foreign…

Hossam Mounir

Increase of EGP 63.8bn in loans, EGP 51bn in deposits at Banque Misr

Bank achieved the highest profits in its history, a total of EGP…

Hossam Mounir