T+0, T+1 mechanisms increase by 40% of daily trading

MCDR targets interconnection with ADX and develop storage capacities by 2017, Abdul Bari says 

Alia Stouhi

EFSA studying permission for T+0 mechanism for fund managers

Head of the Egyptian Financial Supervisory Authority (EFSA), Sherif Samy, told Daily News Egypt that the authority is considering the allowance of same-day trading, known as T+0, for fund managers,…

Alia Stouhi

Analysts expect EGX to move sideways awaiting CBE’s decision on interest

Bourse awaits Banque du Caire placement, following approval to list its EGP 2.25bn capital

Daily News Egypt

The initiative contributes to providing new funding opportunities for adding deposits in banks: El-Baradei 

CBE initiative to finance low- to middle-income housing is a large starting point for the mortgage market in Egypt, says executive director of Egyptian Banking Institute

Hossam Mounir

Mortgage companies participating in CBE initiative to finance low- to middle-income housing 

Mortgage finance companies operating in the domestic market started to prepare their participation in an initiative launched by the Central Bank of Egypt (CBE) in 2014 to finance low- to…

Hossam Mounir

Only 14 banks among 39 operating in Egypt participated in mortgage-financing initiative launched by CBE to finance low- to middle-income housing

These banks provided EGP 5bn to finance the purchase of 62,000 housing units since the launch of the initiative in February 2014 

Hossam Mounir

United Bank to be first bank to join Egyptian SMEs Association

The bank is to sign a cooperation protocol with the association to investigate aspects of technical and financial support for the development of this sector, Kashmiri 

Hossam Mounir

Export Development Bank to increase small and midsize enterprises portfolio to EGP 5bn in 2019

The mortgage portfolio of the bank amounts to EGP 10m, and we aim to increase it to EGP 50m by late June 2017, says El-Menshawy

Hossam Mounir

NBE to increase retail banking portfolio to EGP 43bn by end of June

We aim to transfer the micro-finance portfolio to the retail sector and increase mortgage volume to EGP 5bn by the end of June 2018

Hossam Mounir

DNE News Brief: 11 February 2017

https://youtu.be/qs5fh4EYhds

Daily News Egypt