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16 May 2017Ahmed AliEgypt’s biggest lender, the state-owned National Bank of Egypt (NBE) has approved to invest 900 million Egyptian pounds (around $50 million) in two local property developers’ syndicated loans.NBE contributes 450 million pounds to the first loan, whose total value is exceeding 900 million pounds, designated to finance a real estate firm’s plans to develop a 700,000m2 land plot iAmwal Alghad - 16-May-2017
Egypt’s biggest lender, the state-owned National Bank of Egypt has collected $6.5 billion since the liberalisation of the Egyptian pound exchange rate on Nov 3, deputy chairman said on Thursday.Amwal Alghad - 13-Apr-2017
Egypt’s banks are seeing rising profits and robust capitalisation, as evidenced by a flurry of recent releases of FY 2015/16 results from the country’s major banksOxford Business Group - 12-Apr-2017
NBE seeks new tranche from European Bank for Reconstruction and Development, European Investment Bank, European Union, and French Development AgencyAmwal Alghad - 27-Mar-2017
His Excellency Tarek Amer, Governor of the Central Bank of Egypt, said: “The SWIFT Business ForumPress Release - 14-Mar-2017
Changes in the global political climate have resulted in increasing uncertainty in trading markets and economies around the world. For investors, this could be either a great time to invest in assets or a better time to protect their net worth.
The UAE is embracing technology innovation with a vengeance and has seen digital payment systems become a key area of focus.