El-Salawy appointed as CEO of ABK Egypt
El-Salawy was the deputy chief executive officer at the Union National Bank…
Egypt consumes 73.36m tonnes of petroleum products and natural gas in one year: CAPMAS
The total amount of produced clean water stood at 8.87bn cubic meters…
Banking services exempted from VAT, banks call for further clarification
Previous disputes between banks and the Egyptian Tax Authority on the definition…
18.3% increase in production index of manufacturing, extractive industries in March: CAPMAS
The total index for the manufacture of mining and quarrying reached 68.56…
Falcon Group ready to establish first factory producing walk-through security gates in Egypt
Falcon National for Security will begin operations soon to secure airports, says…
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…
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…
CBE confirms banks’ commitment to its instructions for financing small, very small projects
The Central Bank of Egypt (CBE) affirmed that the banks operating in…
Balances in savings accounts increased by 21.3% in FY 2014/2015: CAPMAS
Balances in postal savings funds reached EGP 169.6bn in FY 2014/2015, compared…
Private sector accounts for 59.3% of credit facilities granted by banks to clients: CBE
Industry at forefront of economic sectors funded by banks followed by services,…