banks
A new chance in Egypt for Islamic finance
Business
April 21, 2011
A new chance in Egypt for Islamic finance
Covered head-to-toe in a black abaya embroidered with red and yellow flowers, Amal Abbas waits for her turn to place…
Banks and stock exchange close for 2 days next week
Egypt
April 19, 2011
Banks and stock exchange close for 2 days next week
The Central Bank of Egypt has decided to suspend work at banks on 24 and 25 April for Easter and…
Bank employees stage sit-ins for better wages, reforms
Egypt
February 23, 2011
Bank employees stage sit-ins for better wages, reforms
Employees of a number of Egyptian banks held sit-ins Wednesday to call for better living and financial conditions and administrative…
Banks to reopen Sunday following longest closure since January 25
Business
February 19, 2011
Banks to reopen Sunday following longest closure since January 25
Banks will on Sunday reopen following the longest period of closure brought about by the 25 January revolution.Meanwhile, Farouq al-Oqda,…
Banks to open as usual on Thursday; Egypt pound stable against US dollar
Business
February 9, 2011
Banks to open as usual on Thursday; Egypt pound stable against US dollar
Banks will open as usual on Thursday from 8:30 AM until 2:00 PM, with some branches remaining open until 5:00…
Banks classify textile industries “risky”
Business
December 26, 2010
Banks classify textile industries “risky”
Egyptian banks have placed restrictions on textile credit facilities and loans extended to factories after classifying the industry "risky," textile…
Egyptian minister visits Baghdad to boost gas cooperation
Business
November 4, 2010
Egyptian minister visits Baghdad to boost gas cooperation
Egyptian Minister of Petroleum Sameh Fahmy in a visit with Iraqi officials in Baghdad on Wednesday discussed expansion in natural…
Reluctance to loan, not financial capacity, inhibit Egypt’s SME growth
Business
October 28, 2010
Reluctance to loan, not financial capacity, inhibit Egypt’s SME growth
After years of government financial regulation, many Egyptian bankers finally see an opportunity to play a more effective role in…
Banks redirect loans to small and medium-size businesses
Business
December 29, 2009
Banks redirect loans to small and medium-size businesses
A number of private and public-sector banks decided to direct their credit policies towards small and medium-size business projects, as…