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Misr Iran Development Bank raises capital to $155 million

a decision to increase the paid in capital of the Misr Iran Development Bank from $113 million to $155 ... of directors recently approved the decision to increase the paid in capital of the Misr Iran Development Bank ... bank. MIDB’s main objective is to further economic development in Egypt by encouraging private sector ...

15/08/2010 - 13:21 - comment 0

Fitch withdraws ratings for Misr Iran Development Bank

for Misr Iran Development Bank. At the same time, the short-term and long-term national ratings are also ... rating of 4T for Misr Iran Development Bank (MIDB). At the same time, the short-term and long-term ... was established in 1975 as Egypt’s first specialized bank. MIDB’s main objective is to further economic ...

15/08/2010 - 11:54 - comment 0

Affiliated banks consider upping stake in Misr-Iran Bank

are considering acquiring the remaining 79.64 percent of Cairo-based Misr-Iran Development Bank, presently held ... and Mines are considering acquiring the remaining 79.64 percent of Cairo-based Misr-Iran Development Bank ... 10.27 percent of Misr-Iran Bank, and if the deal comes to pass their stake will increase to 89.9 ...

15/08/2010 - 23:05 - comment 0

Three Egyptian banks offer new long-term investments

The Misr-Iran Development Bank, the Misr International Bank and the Egyptian American Bank have recently offered new long-term investment options in the Egyptian markets. The Misr-Iran Development Bank, the Misr International Bank ...

15/08/2010 - 14:56 - comment 0

Misr Al Mostakbal: an investment fund to reinvigorate the Egyptian economy

-CIB, the United Bank, the Arab Bank, the Union National Bank, Misr Iran Development Bank, and the Watani Bank ... Subscription by expatriate Egyptians and Arabs takes place through the Arab Bank branches in Qatar and UAE, the Union National Bank-UAE and the United Bank's correspondents in the Arab Gulf and Jordan (details ...

Press Release - 08/06/2011 - 10:42 - comment 0

A 'gold rush'? Suez Canal certificates on sale for second day

by the certificates’ financing. Ismail Hassan, head of Misr Iran Development Bank, expected the demand to be high ... Ramez said that banking liquidity is safe and has not been affected by the certificates’ financing. Egyptian banks sold the Suez ...

07/09/2014 - 12:54 - comment 0

Egypt Central Bank delivers blow after blow to investors

such provisions differ from one country to another," Ismail Hassan, chairman of the Misr-Iran Development ... provisions at nation's banks is met by anger; banking officials are slated to meet with newly-appointed ... Council to amend banking regulations increasing the tax burden on the nation's banks has provoked ...

20/05/2013 - 04:01 - comment 0

Egyptian businessmen to attend Tehran fair

government-owned Foreign Investment Company for a majority stake in Misr Iran Development Bank (MIDB).    ... the bank.     The Iranian interest in the Egyptian market has been reflected recently by a surge ...

15/08/2010 - 22:59 - comment 0

Attracting investment High-growth companies selected for venture capital investment

and has been covered by Egyptian institutional investors such as Telecom Egypt, Misr Iran Bank for Development, Faisal Islamic Bank, El Charq Insurance, Misr Insurance and Egypt Reinsurance. The Fund has also ... The Technology Development Fund (TDF), a venture ...

18/05/2010 - 10:06 - comment 0

Fitch downgrades Egypt's long-term foreign currency rating

are affirmed.     Misr Iran Development Bank: The support rating changed from '4' ... to '4T'.     Export Development Bank of Egpyt: Foreign currency long-term ratings has been ... would facilitate the development of a more diversified export base to reduce vulnerability ...

15/08/2010 - 13:09 - comment 0