The government’s reforms and privatisation plans have paid off to create a banking sector that is full of activity, writes Nadine Marroushi in Cairo.
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Latest articles from Egypt
Cairo’s oasis of orderly conduct
October 1, 2007Aided by expertise learnt in the US, those in charge of the Cairo and Alexandria Stock Exchange have constructed a highly efficient operation, says Silvia Pavoni .
Foreign bankers impressed with Egypt’s reform process
September 3, 2007National Bank of Kuwait’s (NBK) winning tender bid last month to buy Egypt’s Al-Watany Bank for $516m reflects not only NBK’s regional expansion strategy but also growing confidence in the Egyptian banking system.
Reform moves at slow pace
July 2, 2007Public and private sector banks have been restructured on the long journey to banking sector reform, but major challenges remain, writes Nadine Marroushi.
Egypt embarks on banking sell-off
September 4, 2006Egypt is lining up its state-owned banks at the privatisation starting block. Nick Kochan reports on the prospects.
Confidence drives upturn
July 3, 2006Egypt’s minister of finance Youssef Boutros-Ghali tells Nick Kochan that the economy is ripe for investment.
Egypt runs with the bulls
July 3, 2006With reformers at the helm of a buoyant economy, Egypt is instilling confidence in rating agencies and markets with its new commercial spirit and changes in taxation, and banks are reaping the benefits. Nick Kochan reports from Sharm el Sheikh.
A testing time for reformists
July 4, 2005Much is expected of Egypt’s financial sector reforms and now is the time for the government to deliver, writes Jon Marks in Cairo.
Optimistic engineer of Egypt’s fate
April 4, 2005
Egypt’s Prime Minister Ahmed Nazif explains how reforms are shaking up the country, from customs and tax to the public sector.
The problem with technocrats in government is that they often lack the ability to communicate with the people. That is certainly not true of Egyptian prime minister Ahmed Nazif.