Emirates NBD

Egypt’s PMI lessens to 46 in January

Wed, 05 Feb 2020 - 11:48 GMT

“This slowdown will be a challenge to Egypt’s economy in 2020.”

Egyptian non-oil private sector dips to 49.4 in August: PMI

Wed, 04 Sep 2019 - 01:01 GMT

HIS Markit said in a report that business sentiment around future activity soared to the highest in one-and-a-half years in August, as more Egyptian firms expressed optimism for growth.

Egyptian non-oil private sector improves to 50.3 in July: PMI

Mon, 05 Aug 2019 - 02:06 GMT

This improvement came as a result of the slight growth of output and new orders, while employment continued to fall.

Egyptian non-oil private sector contracts to 49.2 in June: PMI

Thu, 04 Jul 2019 - 01:31 GMT

"Egypt’s non-oil private sector remained under pressure in June, although the pace of decline slowed from May," MENA Economist at Emirates NBD Daniel Richards commented.

Egyptian non-oil private sector contracts to 48.2 in May: PMI

Mon, 10 Jun 2019 - 11:21 GMT

It said that the private sector has continued to bear the brunt of ongoing reform economic efforts in Egypt, and will likely remain under pressure in the summer.

Egyptian non-oil private sector hits 48.2 in February: PMI

Tue, 05 Mar 2019 - 11:27 GMT

“The index has remained stubbornly in sub-50.0, and while we continue to expect an improvement in conditions over 2019, Egyptian firms clearly remain under pressure.”

Egyptian non-oil private sector records 48.5 in January: PMI

Tue, 05 Feb 2019 - 12:42 GMT

PMI for the non-oil private sector fell to 48.5 in January, compared to 49.6 in December, recording the lowest level since December 2017.

Emirates NBD recognized as the best bank in Egypt for 2018

Mon, 28 Jan 2019 - 02:47 GMT

The bank has won the Best Mobile Banking App award in Egypt for 2018 by International Finance Magazine for the second time

Emirates NBD PMI for Egypt edges up to 50.1 in April

Thu, 03 May 2018 - 11:57 GMT

Egypt’s Emirates NBD Purchasing Managers’ Index (PMI) edged up from 49.2 in March to 50.1 in April, leaving it just above the 50-mark.

State spending fuels Saudi non-oil private sector growth: PMI

Thu, 04 Jan 2018 - 09:40 GMT

The seasonally adjusted Emirates NBD Saudi Arabia PMI edged down to 57.3 last month from a 2-year high of 57.5 in November.

Emirates NBD Egypt hits 13 pct rise in net profits in 2017

Tue, 21 Nov 2017 - 05:37 GMT

Net profits of Emirates NBD Egypt hit a 13-percent rise during the first nine months of the current year recording LE 847.5 million ($47.9 million).

Emirates NBD Egypt hits 13 pct rise in net profits in 2017

Tue, 21 Nov 2017 - 05:37 GMT

Net profits of Emirates NBD Egypt hit a 13-percent rise during the first nine months of the current year recording LE 847.5 million ($47.9 million).

Egypt's non-oil business activity downturn softens -PMI

Sun, 05 Nov 2017 - 08:12 GMT

Egypt’s non-oil private sector business activity shrank at a slower pace in October as business confidence hit a 26-month high and contractions in output, new orders and employment all eased, a survey showed on Sunday.

Egypt's non-oil business activity hits 3-month low -PMI

Tue, 03 Oct 2017 - 10:22 GMT

PMI Index for the non-oil private sector slipped to 47.4 in September from 48.9 in August, remaining below the 50 mark that separates growth from contraction.

1.8 billion EGP loan for EGAS to boost gas production

Sun, 14 May 2017 - 05:35 GMT

Emirates NBD bank announced that it is taking part in a 1.8 billion EGP syndicated loan in favor of the state-owned Egyptian Natural Gas.

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