Banque Misr
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Banque Misr
Banque Misr ( ar, بنك مصر) is an Egyptian bank co-founded by industrialist Joseph Aslan Cattaui Pasha and economist Talaat Harb Pasha in 1920. The government of the United Arab Republic nationalized the bank in 1960. The bank has branch offices in all of Egypt's governorates, and currency exchange and work permit offices for foreign workers in Egypt. History The idea of a national bank of Egypt dates to at least the days of Muhammad Ali, who ordered the establishment of a bank with 700,000 riyals shortly before he became ill and died. Amin Shumayyil wrote an article in favor of the idea in April 26, 1879 in the newspaper Al-Tijara; although a number of Egyptian dignitaries met to discuss the project, the conflict between the Khedive Isma'il Pasha and the National Assembly and subsequent ʻUrabi revolt doomed the idea this time. Revolt leader Ahmed ʻUrabi’s friend Wilfrid Scawen Blunt reports in his memoirs that Urabi had envisioned a “credit bank” for farme ...
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New Borg El Arab
New Borg El Arab ( ar, برج العرب الجديدة ' is a new Egyptian city of the first generation, located in Alexandria Governorate, and administratively affiliated to the New Urban Communities Authority. It was established by decree of the President of the Arab Republic of Egypt No. 506 dated December 5, 1979 under the name" New Amria City", and it remained in that name until the decision of the Chairman of the council was issued. Ministers No. 1532 dated July 31, 1989 amending its name to become the New Borg El Arab city, with a total area of 47,403 acres (191 km2), about 55 km away from Alexandria, about 8 km from the Mediterranean coast and the Alexandria Matrouh coastal road, and about 3 km from Borg El Arab. New Borg El Arab was established to reduce congestion in Alexandria and to be a natural extension of it. The city is organizationally divided into thirteen residential neighborhoods, comprising many schools, nurseries, buildings for governme ...
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