Mohsen Abdel Razeq
National Bank of Egypt ranks 8th largest Arab bank, 237th worldwide
Business
November 2, 2010
National Bank of Egypt ranks 8th largest Arab bank, 237th worldwide
The National Bank of Egypt (NBE) was ranked eighth on the Union of Arab Banks' 2009 report on the top-100…
Egyptian companies, banks in talks over Nile Basin investment projects
Business
October 26, 2010
Egyptian companies, banks in talks over Nile Basin investment projects
Talks are currently underway between Egypt's Arab Contractors Construction Company and three Egyptian banks--Ahli, Misr and Bank du Caire--to discuss…
Egypt pound falls against USD
Business
October 21, 2010
Egypt pound falls against USD
The stock market on Wednesday registered a signficant hike in the USD rate against the Egyptian pound. The dollar sold…
New health insurance program to be ‘mandatory,’ says Finance Ministry
Egypt
October 10, 2010
New health insurance program to be ‘mandatory,’ says Finance Ministry
“Participation in the new health insurance program will be mandatory for all citizens,” Deputy Finance Minister Mohamed Moeit declared at…
Ministry of Finance moves toward electronic payment of government fees
Egypt
October 10, 2010
Ministry of Finance moves toward electronic payment of government fees
The Egyptian Ministry of Finance is negotiating with approximately 18 banks to electronically collect 100% of dues from taxes and…
CBE: Meat and poultry price hikes exceed global standards
Business
October 3, 2010
CBE: Meat and poultry price hikes exceed global standards
A statement issued Saturday by the Central Bank of Egypt (CBE) admitted that recent hikes in meat and poultry prices,…
Finance Minister: Govt to raise energy prices over coming 5 years
Business
September 20, 2010
Finance Minister: Govt to raise energy prices over coming 5 years
The government plans to liberalize energy prices over the course of the next five to seven years in an effort…
Report: Local govt debt rises as subsidy expenditures fall
Business
September 7, 2010
Report: Local govt debt rises as subsidy expenditures fall
A report issued Tuesday by the state budget monitoring committee revealed an LE107 billion
CBE: Egypt scores BoP surplus for 2009/10
Business
September 6, 2010
CBE: Egypt scores BoP surplus for 2009/10
Egypt's foreign balance of payments recorded a US$3.36 billion
Govt considers private-sector participation in nuclear program
Business
September 5, 2010
Govt considers private-sector participation in nuclear program
The ministries of finance and electricity are reportedly thinking about establishing partnerships with local and foreign private-sector companies for the…