04/02/2019
In FY 2017/18, the NBE injected about EGP 25bn into about 25,000 small and medium projects within the initiative of CBE for SMEs, compared to EGP 10bn injected to 11,000 clients in FY 2016/17.
04/02/2019
Government’s current expenditures remain broadly inelastic; leaving mainly two options, i.e., to lower their capital expenditure and/or raise debt to fund the spending.
04/01/2019
"To give all our stakeholders comfort, this amounts to only 0.4 percent of our capital," it further affirmed.
03/26/2019
Asia’s importance in global trade, helped by China’s ideas, innovation and growth and allied to the Middle East’s drive to improve living standards and diversify should profit every regional bank.
03/26/2019
The bank is expected to merge with the two other Abu Dhabi lenders, which will create the third largest bank in the UAE, in the first half of 2019
03/25/2019
“This year also we expect the corporate sector will continue offering more opportunities as several new projects as well as remaining projects related to the Fifa games are being implemented,” he added.
03/15/2019
It targets promoting trade between Egypt and the Gulf region, attracting more Arab investments to Egypt, financing trade operations, and luring Egyptians' money transfers to Egypt.