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Desperate times, desperate measures: Egypt's Central Bank holds exceptional $1.5billion auction to support banks

Banking and economic expert Bassant Fahmy explained ... components. Banking and economic expert Bassant Fahmy explained that the move is aimed at limiting the authority ... be another resource for institutions and companies to access funds,” he said. According to Fahmy ...

27/01/2014 - 17:42 - comment 0

Who needs Qatar now? Egypt's reserves up for first time in six months

Banking and economic expert Bassant Fahmy attributed the increase to the implementation of the first ... in July, through ratifying the constitution. Fahmy added that ratifying the constitution fueled ... their savings to the banks,” she said. Fahmy expects that the slight increase in foreign reserves ...

09/02/2014 - 05:00 - comment 0

Ready to be stimulated: Egypt's first stimulus package projects 'almost done'

in the National Investment Bank (NIB) for several months, economic and banking expert Bassant Fahmy commented. ... to be distributed later to contractors for implementing the projects, Fahmy explained. Former spokesman ...

12/05/2014 - 04:00 - comment 0

Banking on Egypt's future: why banks loans to the government are a secure investment

expert Bassant Fahmy, who said that the EGPC is a “strong entity” with several sources of funding. “If ... the country badly needs,” Fahmy added. The bank consortium, with SAIB acting as both the Mandated Lead ... inflation. Fahmy stated that giving loans to public authorities is deemed an “indirect government loan”; ...

29/12/2013 - 21:06 - comment 0