Financial institutions in Egypt
-
Egypt's market gains $3 bn in one week, EGX30 jumps 8.3% as govt suspends capital gains tax
The Egyptian Cabinet put the 10 percent tax on capital gains on hold for two years, but will keep a 10 percent tax on stock dividends.
-
Emaar plans to float 13 per cent of Egypt unit
If completed, the flotation will underline the link between Egypt and the UAE, with the latter providing large amounts of financial, energy and political support to the Egyptian government.
-
Egypt Gas loses EGP 17.3m in Q1 2015
The company witnessed a workers’ strike in April.
-
National Bank Egypt the fastest growing : Business News index
NBE has most customer satisfaction, 255 companies take part in the evaluation, Emirates NBD is third best bank.
-
Global banking is HSBC’s priority in Egypt: Blanchet
HSBC launched in April its second International Growth Fund, worth EGP 300m, to support SMEs.
-
ABG Egypt unit income surges 21pc
Total financing and investments portfolio grew by 4pc to reach $2.6bn by the end of March this year.
-
Egypt targets 5% growth in FY2015/16: Minister
The state budget will only feature LE55 billion in government investments while the rest will be financed from various sources.
-
Egypt's CIB bank Q1 net profit up 38 pct year-on-year
CIB had in 2014 posted a 36 percent rise in net profit for the full year.
-
Egypt is only Mena market to issue IPOs in Q1 2015: EY
Both of the IPOs that closed in Q1 2015 were companies based in Egypt, with Orascom Construction opting for a dual listing on the Egyptian Stock Exchange (SE) and Nasdaq Dubai.
-
$15B provided for import needs in 4 months: CBE governor
CBE sold $800 million at regular FX auctions last week to cover pending backlog for the import of raw materials, production requirements and spare parts and food commodities.