Bank Audi to Double Its Presence in Egypt
“The Egyptian economy requires all sectors to be moved. Infrastructure, power and energy. Most of the deals have now been launched in the energy sector in particular.”
imported 2024-03-17 17:43:07
“The Egyptian economy requires all sectors to be moved. Infrastructure, power and energy. Most of the deals have now been launched in the energy sector in particular.”
“We had been reforming the banking sector from 2003 to 2010. These reforms saved the banking sector in Egypt during the dry years. It was very difficult to manage our reserves in the past few years. The performance of the Egyptian banking sector, its survival and its role as the backbone of the economy in those tough years, has now become a case study in the best universities in the world. “
“Several developers were keen to invest money and start building their own company, but because of the revolution, they have just put a stop to these projects. Now, these kind of positive trends are again on the rise.”
“Corporate banking is considered the fastest-growing portfolios in the whole country. The portfolio was acquired in 2008 by Banque Swiss, so we have a very clean portfolio since we’ve started.”
“We are one of the leading banks in the syndication market. We have a number of milestone transactions in hydrocarbons, energy, power generation, fertilizers etc. We are the leading bank in the SMEs proposition as well.”
There is something interesting about Egypt as far as SMEs are concerned. Anything and everything that you can imagine is already there in terms of services. Only people don’t know about it. Or they are isolated as islands or the services are offered to them in a very small portion. Whatever practice you can imagine in the world, already exists here in Egypt. The whole idea is to coordinate the efforts.
In September last year, during the celebrations in the New York Stock Exchange, Egypt was the winner of the best innovative stock exchange in the entire African continent.
Arabic Bayan Institute for Teaching Arabic is a specialized school teaching Arabic language using the most innovative and revolutionary method proprietary to the institute.
It’s very clear that the family business in Saudi Arabia is dominant in general for the economy. The future of the family business has to be improved and developed to meet the challenges, which is technology and many other things.
Well they have to reform public education and by public I mean pre-university education. The reform shouldn’t come before establishing what the problems are. In my opinion, the only reason to establish what the problems are, is to have a uniform national exam for the country. You know, it’s alright that you have Kuwaiti public schools, it’s alright that you have British private schools, American or French or what have you. Of course for people who are going to Britain, they have to take exams that are required by the universities in Britain.