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For banks, 2018 is year of data

We are often told that regulation and technology are the key drivers of change in banking. This maxim remains true, but can distract from a more critical insight. In 2018, regulatory reform and technology innovation will continue to reshape banking. But the changes they enable are being propelled by forces so profound and far-reaching as …

Christopher Truce

EGPC negotiates with 5 banks for EGP 4bn loans

The Egyptian General Petroleum Corporation (EGPC) has started negotiations with five local and Arab banks to obtain EGP 4bn in loans to purchase and supply petroleum products. Sources from the EGPC told Daily News Egypt that the banks are Banque Misr, the National Bank of Egypt (NBE), National Bank of Kuwait (NBK), Al Ahli Bank …

Mohamed Farag