Latest articles from Egypt

Egypt on the comeback trail

On the comeback trail: Egypt's banks start to blossom

April 30, 2015

The global financial crisis and Arab Spring uprisings all but decimated Egypt's economy. However, its banks survived this period with admirable resilience, and now that the economy is back on an upward spiral, they are looking to cash in.

The north Africa attraction

Heading west: why Gulf banks are eyeing north Africa

April 30, 2015

The countries of north Africa have been proving attractive for lenders from the Gulf region for decades, but in recent years this activity has picked up, with Egypt a particularly popular destination. Tom Stevenson looks at the reasons why Gulf banks are heading west. 

Ashraf Salman

Reform agenda marks start of a new era for Egypt

January 26, 2015

The election of a new government has helped turn around Egypt's economic fortunes and, according to the country's minister of investment, Ashraf Salman, further reforms will see the country's investment environment become even more attractive. 

Egypts banks look for growth in a crisis

Egypt's banks look for growth in a crisis

May 1, 2014

Egypt’s banks were well insulated from the global financial crisis, but with continuing political instability since the overthrow of former president Hosni Mubarak, many are wondering just how long the country's banks can outpace its slowing economy. 

Egypts banks defy local difficulties

Egypt's banks defy local difficulties

December 2, 2013

Amid global economic stagnation and domestic upheaval, the Egyptian banking sector has performed remarkably steadily. However, one of the key facets behind its success – its conservatism – is coming under increasing criticism from some, who claim its reluctance to lend beyond large corporations and government entities is holding the country back.

Old lessons help EBRD strengthen future prospects

Old lessons help EBRD strengthen future prospects

November 1, 2013

The European Bank for Reconstruction and Development's managing director for the southern and eastern Mediterranean region, Hildegard Gacek, explains how expertise and past experience are now enabling the EBRD to assist Egypt, Morocco, Jordan and Tunisia through a period of great economic and political change.

Banks to watch in 2013, EFG Hermes

February 1, 2013

The Banker has identified 13 banks to keep an eye on in the coming year based on a variety of factors. Following its 2012 merger with Qatari investment bank QInvest, Egypt-based EFG Hermes will be a bank to watch in 2013.

North African Islamic finance in the post Arab Spring world

North African Islamic finance in the post-Arab Spring world

November 7, 2012

The Arab Spring uprisings have brought change on an unprecedented scale to north Africa over the past couple of years, but what impact have these changes had upon the region's appetite for Islamic finance?

Hussain Al Qemzi

Noor Islamic Bank pushes Islamic finance towards maturity

November 7, 2012

Islamic finance is increasingly being viewed as a credible alternative to conventional finance, but Hussain Al-Qemzi, group chief executive of Dubai-based Noor Investment Group and chief executive of Noor Islamic Bank, recognises that Islamic institutions must work together if they are to compete with conventional banks.

Islamic finance looks to pastures new

Islamic finance looks to pastures new

November 7, 2012

To maintain its phenomenal growth rates, Islamic finance is increasingly looking beyond sukuk and property investment to growth areas such as renewable energy and healthcare. 

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