Banks reduce NPLs allocations by EGP 2.95bn in June 2019

Reserves declined to EGP 236.06bn end-June, compared to EGP 238.89bn end-May

Hossam Mounir

Household sector accounts for 80.4% of total bank deposits

It accounts for 83.6% of total deposits in local currency, 68.7% in foreign currency

Hossam Mounir

EBI’s role goes beyond training employees in banking sector: Nossier

Institute started offering more developed training courses to support financial inclusion, says EBI Executive Director

Hossam Mounir

EGP 16m Belgian grant, to complete the restoration of Baron Palace

Fund is part of Egyptian-Belgian cooperation in heritage reservation, El-Anany states 85% of restoration completed with total of EGP 104m

Nada Deyaa’

CIAF Leasing to launch $50m worth Sukuk in December

MERIS Ratings hired to rate Sukuk, promotional campaigns to launch soon, says Mohamed

Alyaa Stohy

EGX expected to continue positive move supported by lower inflation, more potential rate cuts

The EGX30 index rose 1.2% during the last week's trading to settle at 15,110 points, and while the EGX70 rose 0.6%, closing at 556 points.

Daily News Egypt

Securities lending to be conducted through custodians under MCDR system: Abdelbary

New short Selling mechanism to be launched before end-November

Alyaa Stohy

AIWF, AUC to hold Women as Engines of Economic Growth conference in Cairo on 17 September

The conference focuses on empowering women innovators, entrepreneurs, executives and educators towards fulfilment of the United Nation’s Sustainable Development Goals (SDGs) in the MENA Region in Cairo, Egypt on 17…

Daily News Egypt

AAIB arranges EGP 6bn securitised bonds, Egypt’s biggest transaction in 2019

A securitisation transaction is a debt capital market financial instrument whereby future receivables are converted into financial securities which can then be listed and traded on the stock exchange.

Daily News Egypt