Proceeds of Tax Dispute Committees amount to EGP 15bn
Deputy Minister of Finance for Tax Policies Amr El-Monayer said that the proceeds of the Tax Dispute Committees amounted to EGP 15bn. The committee had received some 14,000 cases on…
Rafah border crossing opens in both directions
The opening process will be administered by Egyptian and Palestinian authorities
Egypt starts experimental production from Zohr gas field
The Ministry of Petroleum and Mineral Resources began the pilot operation of Eni's Zohr field, according to a press release by the Minister of Petroleum and Mineral Resources Tarek El-Molla.…
HDB offers doctors loans to fund clinic furnishing
The Housing and Development Bank (HDB) offers doctors the necessary funding to buy clinics, furnish them, and purchase the needed/’;’[ medical equipment. The funding represents 75% of the value of…
CIB, AUC graduate new batch of entrepreneurs
Bank aims to support startups to develop systems, technology solutions in field of financial innovation, expanding customer base, speeding up pace of financial inclusion: Farag The Commercial International Bank (CIB)…
Non-performing loans decline to 5.3% of total bank loans end-September 2017
The percentage of non-performing loans at banks working in the Egyptian market declined to 5.3% of the total loan portfolio by the end of September 2017, compared to 5.5% in…
Banque Misr finances trips to Russia to support Egyptian team at World Cup
Banque Misr has included trips to cheer for the Egyptian national team at the Russia World Cup to its programme of tourist trips, with payment periods of six years, similar…
2.2 million clients received microfinance by end-September 2017
The number of clients who obtained microfinance services reached 2.2 million by the end of the third quarter of 2017, according to Shahinaz Rashad, head of the Financial Services Institute…
Islamic banking in Egypt worth EGP 222bn
The volume of Islamic banking in the Egyptian market reached EGP 222bn, an equivalent of 6% of total transactions of banks working in Egypt, according to Mohamed El Beltagy, head…
ABE supplies its veal project EGP 45m
The Agricultural Bank of Egypt (ABE) has provided EGP 45m to about 253 clients, part of its national project to revive veal, to finance the purchasing of 3,199 cattle and…
