Egypt's banking sector assets significantly improved by end of 2020, says report

Thu, 18 Mar 2021 - 03:54 GMT

In a report on financial stability released on Thursday, the CBE said that non-performing loans declined to register 3.6 percent in December 2020, compared to 4.2 percent in December 2019.

Egypt’s late President Mubarak’s family considers to sue EU council

Mon, 15 Mar 2021 - 06:34 GMT

On March 12, 2021, the EU Council “decided to revoke the EU framework for sanctions against persons identified as responsible for the misappropriation of Egyptian state funds, and, to that effect, to lift the restrictive measures currently in force against nine Egyptian individuals.”

Muslim Brotherhood acting leader's assets in Egypt estimated at $ 19,1 billion: Arabiya net

Thu, 17 Dec 2020 - 01:15 GMT

Agroup of investors was financing the Muslim Brotherhood’s assets while others, who do not belong to the banned group, were running the group’s investments in exchange for sharing profits.

Egyptian banks' assets, reserves abroad jump 90% in 7 months

Tue, 08 Dec 2020 - 03:19 GMT

The Egyptian banks' assets and reserves abroad returned to their previous record levels, a matter which reflects the success of the monetary policy.

Sisi directs government to maximize use of state-owned assets in all fields

Mon, 09 Nov 2020 - 05:58 GMT

The Minister of Agriculture updated Madbouli on a project aimed to utilize untapped areas and water resources in fish farming via technology to achieve the highest rates of production.

Egypt reviews work of QIZ unit, studies offering assets for rent

Tue, 23 Jun 2020 - 03:45 GMT

The meetings were held in this framework to work to solve any obstacles that may face investors in those areas.

CI Capital manages LE 9.2B assets in Egypt during 2019

Wed, 29 Jan 2020 - 02:08 GMT

Co-CEO of CI Capital added that the company's financial services portfolio in 2019 amounted to LE 10 billion, compared to LE 7.8 billion in 2018.

France freezes assets of Jaish-e-Mohammed founder Masood Azhar

Fri, 15 Mar 2019 - 07:09 GMT

A joint statement issued by the French interior ministry, finance ministry and foreign ministry added that France would discuss putting Masood Azhar on a European Union list of people suspected of being involved in terrorism.

Egypt transfers 118 MB-linked entities' assets to state treasury

Tue, 11 Sep 2018 - 10:46 GMT

It applies to 1,589 individual MB members, 118 companies, 1,133 NGOs, 104 schools, 69 hospitals and 33 websites

Illicit Gains Authority, Egypt, El Hoda Corporation, Assets

Thu, 23 Aug 2018 - 10:21 GMT

The Illicit Gains Authority repaid during the last three years more than 99 percent of the dues of 3,454 individuals, who have been defrauded by six money investment companies.

Abu Dhabi state fund Mubadala's 2017 operating profit rises 11.5 pct

Sun, 29 Apr 2018 - 09:51 GMT

Abu Dhabi’s state investor Mubadala Investment Co on Sunday reported an 11.5 percent rise in operating income in 2017.

New judicial committee to confiscate terrorist groups' assets

Fri, 27 Apr 2018 - 12:20 GMT

A presidential decree will be issued in May with the names of members of the new judicial committee assigned to confiscate terrorist groups' assets.

Total assets of Egypt Post reaches LE 206B

Tue, 17 Apr 2018 - 09:35 GMT

The assets allocated 8.24 percent of total deposits in the banking system in all currencies, which amounted to LE 2.49 trillion.

Asset’s sovereign fund improves Egypt's competitive position: Min.

Thu, 12 Apr 2018 - 12:34 GMT

Establishing a sovereign wealth fund to manage state assets aims to contribute to the sustainable development and optimal use of public resources.

Gov’t approves establishing sovereign fund to manage state assets

Wed, 11 Apr 2018 - 05:24 GMT

The fund aims to manage and make use of the state’s assets with a capital of LE 200 billion, Planning Minister Hala al-Saeed said.

Aboul Fotouh’s assets to be seized per prosecution order

Sun, 25 Feb 2018 - 03:05 GMT

The decision was based on the state’s national security investigations, which revealed that the defendants were “using their money for terrorist activities."

GE eyes $4B in asset sales, has no plans to sell stock: CFO

Thu, 22 Feb 2018 - 10:07 GMT

General Electric has “line of sight” on the first $4 billion in asset sales under its plans for $20 billion in disposals.

U.S. company plans funds that double bitcoin price moves

Sat, 06 Jan 2018 - 10:20 GMT

U.S. fund managers are ramping up efforts to tap into the fever surrounding digital assets.

Egypt's assets move forward in 2018 with structural reforms

Mon, 01 Jan 2018 - 08:44 GMT

Foreign holdings of treasury bills was about $19 billion as of the end of November.

Chevron drops decision to leave Bangladesh

Sun, 29 Oct 2017 - 01:16 GMT

The U.S. oil company Chevron will not sell three subsidiaries and leave Bangladesh as planned, Chevron said on Sunday.