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Nadia El Gowely

With rate hikes likely, Egypt bankers advised to shield bond holdings

Oct 25 2016

CAIRO, Oct 25 Egypt's central bank has advised some banks to redesignate their bond holdings so they cannot be traded on the secondary market, bankers told Reuters on Tuesday, a move they said was intended to shield lenders from an expected spike in interest rates.

EgyptAir hijack ends with passengers freed

Mar 29 2016

LARNACA, Cyprus/CAIRO An EgyptAir plane flying from Alexandria to Cairo was hijacked and forced to land in Cyprus on Tuesday by a man with what authorities said was a fake suicide belt, who was arrested after giving himself up. | Video

Flugzeug-Entführung endet mit Aufgabe des Täters in Zypern

Mar 29 2016

Larnaka/Kairo Die Entführung eines ägyptischen Verkehrsflugzeuges nach Zypern ist am Dienstag unblutig zu Ende gegangen.

Egyptian Steel pushes ahead with growth but new plants delayed

Nov 04 2015

CAIRO Egyptian Steel says it is pushing ahead with plans to quadruple its capacity despite long-standing currency and energy crises, with trial production at one new plant starting in December but another project at Ain Soukhna delayed until late next year.

Egypt's GB Auto calls for lower tariffs on car imports

May 01 2015

CAIRO Egypt's largest listed automotive assembler and distributor GB Auto has called for lower tariffs on car imports from the United States and Asia, fearing that free trade agreements signed with Europe, Turkey and Morocco will distort competition.

Ending Egypt's currency black market brings new challenges

Apr 26 2015

CAIRO Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared in the past two months following a central bank crackdown.

Egypt central bank imposes cap on dollar deposits

Feb 05 2015

CAIRO, Feb 5 The Egyptian central bank has struck another blow against the country's unofficial currency market, with a cap on the amount of dollars that can be deposited in banks, private bankers and a central bank source said on Thursday.

Egyptian state banks lose talent to private sector over wage cap

Dec 09 2014

CAIRO, Dec 9 Egypt's state-owned banks are losing senior specialist bankers to the private sector as a result of a cap on public sector pay designed to cut government spending.

Egypt unnerves investors by unexpectedly imposing new tax on bank takeover

Mar 26 2013

CAIRO Egypt rattled investors on the Cairo stock market on Tuesday by unexpectedly announcing that a takeover of its second biggest private bank would be subject to a new capital markets tax.

Egypt unnerves investors by unexpectedly imposing new tax on bank takeover

Mar 26 2013

CAIRO Egypt rattled investors on the Cairo stock market on Tuesday by unexpectedly announcing that a takeover of its second biggest private bank would be subject to a new capital markets tax.

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