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Suez Canal Bank
Suez Canal Bank () is an Egypt, Egyptian bank headquartered in Cairo. The bank provides financial services to individual and corporate clients in Egypt and at its branch in Tripoli, Libya, Tripoli, Libya. The bank provides its services and financial products to individual and corporate clients through over 40 branches in Egypt and Tripoli. Offerings include investment banking, trade finance, credit cards, financial services, and Islamic banking. , The bank’s capital was Egyptian pound, £E 2 billion, and it registered a profit was £E 195 million. It is one of the oldest banks in the Egyptian private sector. History The Suez Canal Bank was founded in 1978 in Ismailia, a city in eastern Egypt, with authorized capital of £E 10 million and paid-in capital of £E 2.5 million. In 1982, the company offered its initial public offering on the Egyptian Exchange. The company opened an Islamic banking and finance, Islamic banking branch in Dokki in 1983. In 1998, the company was upgrad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Authorized Capital
The authorised capital of a company sometimes referred to as the authorised share capital, registered capital or nominal capital, (particularly in the United States) is the maximum amount of share capital that the company is authorised by its constitutional documents to issue (allocate) to shareholders. Part of the authorised capital can (and frequently does) remain unissued. The authorised capital can be changed with shareholders' approval. The part of the authorised capital which has been issued to shareholders is referred to as the issued share capital of the company. The device of the authorised capital is used to limit or control the ability of the directors to issue or allot new shares, which may have consequences in the control of a company or otherwise alter the balance of control between shareholders. Such an issue of shares to new shareholders may also shift the profit distribution balance, for example, if new shares are issued at face value and not at market value. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Egypt
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Egyptian Brands
''Egyptian'' describes something of, from, or related to Egypt. Egyptian or Egyptians may refer to: Nations and ethnic groups * Egyptians, a national group in North Africa ** Egyptian culture, a complex and stable culture with thousands of years of recorded history ** Egyptian cuisine, the local culinary traditions of Egypt * Egypt, the modern country in northeastern Africa ** Egyptian Arabic, the language spoken in contemporary Egypt ** A citizen of Egypt; see Demographics of Egypt * Ancient Egypt, a civilization from c. 3200 BC to 343 BC ** Ancient Egyptians, ethnic people of ancient Egypt ** Ancient Egyptian architecture, the architectural structure style ** Ancient Egyptian cuisine, the cuisine of ancient Egypt ** Egyptian language, the oldest known language of Egypt and a branch of the Afroasiatic language family * Copts, the ethnic Egyptian Christian minority ** Coptic language or Coptic Egyptian, the latest stage of the Egyptian language, spoken in Egypt until the 17th cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Egypt
This is a list of banks in Egypt, based on registration with the Central Bank of Egypt as of 2024. List of banks in Egypt 2025 # Banque Misr, state-controlled # National Bank of Egypt (NBE), state-controlled # (EALB), state-controlled # (ABE), state-controlled # (IDB), state-controlled # Banque du Caire, state-controlled # , state-controlled # Bank of Alexandria, part of Intesa Sanpaolo, Intesa Sanpaolo Group # # Commercial International Bank (CIB) # Attijariwafa Bank Egypt S.A.E., part of Attijariwafa Bank, Attijariwafa Bank Group # (SAIB) # Crédit Agricole Egypt S.A.E., part of Crédit Agricole, Crédit Agricole Group # Emirates National Bank of Dubai S.A.E., part of Emirates NBD, Emirates NBD Group # Suez Canal Bank # QNB Al Ahli, QNB Al Ahli S.A.E., part of Qatar National Bank, Qatar National Bank Group # # Al Ahli Bank of Kuwait - Egypt (ABK-Egypt), part of Al Ahli Bank of Kuwait, Al Ahli Bank of Kuwait Group # First Abu Dhabi Bank - Misr (FAB), part of First Abu Dhabi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Egyptian Exchange
The Egyptian Exchange (EGX), Egypt's stock exchange, comprises two exchanges, Cairo and Alexandria, both governed by the same board of directors and sharing the same trading, clearing and settlement systems. Presently, the chairman of the Egyptian Exchange is Ahmed Abdelrahman. Transactions taking place in the stock exchange are not subject to capital gains tax. Dividends distributed by companies listed on the exchange to shareholders are also not subject to income tax. However, in 2013, a 0.001 percent tax on all stock market transactions was imposed. In 2013, the Ministry of Finance announced that the government intended to repeal a 10 percent capital gains tax imposed on mergers and acquisitions the year earlier, as well as a planned tax on cash dividends, and refund investors who paid it. The Egyptian Exchange is a member of the Federation of Euro-Asian Stock Exchanges. History The origins of Egypt's stock exchange can be traced back to 1883 with the establishment of the fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suez Canal Authority
Suez Canal Authority (SCA) is an Egyptian state-owned authority which owns, operates and maintains the Suez Canal. It was set up by the Egyptian government to replace the Suez Canal Company in the 1950s which resulted in the Suez Crisis. After the United Nations intervened, the three invading countries (France, Israel, and the United Kingdom) were forced to withdraw. Establishment and organization SCA is an independent authority having legal personality. SCA was established by the nationalization act signed on 26 July 1956 by the Egyptian president Gamal Abdel Nasser Gamal Abdel Nasser Hussein (15 January 1918 – 28 September 1970) was an Egyptian military officer and revolutionary who served as the second president of Egypt from 1954 until his death in 1970. Nasser led the Egyptian revolution of 1952 a .... The act at the same time nationalized the Suez Canal Company and transferred all its assets and employees to the SCA established by this act. The head office is l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Libyan Foreign Bank
Libyan Foreign Bank (LFB) was established in 1972 in Tripoli, Libya as Libyan Arab Foreign Bank; it was renamed Libyan Foreign Bank in 2005. It was Libya's first offshore banking institution licensed to operate internationally. The Central Bank of Libya owns 100% of LFB. The head office is located in Libya's capital Tripoli. Since 2010, the bank owns 84% of British Arab Commercial Bank, and 68% of Banca UBAE (Est. 1972) in Rome.On 12 March 2011, the Bank of Italy placed Banca UBAE under special administration following the European Council's decision to freeze Libyan banking assets. The intent was to ensure that the bank could continue to operate normally, and in conformity with international policies. Operations LFB provides services and operations to facilitate international trade, money flows for investment and payment, and loans to government and official institutions as well as to the private sectors. Its international services comprise insurance and confirmation of letters ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Infitah
''Infitah'' ( ', "openness"), or Law 43 of 1974, was Egyptian president Anwar Sadat's policy of "opening the door" to private investment in Egypt in the years after the 1973 October War (Yom Kippur War) with Israel. ''Infitah'' was accompanied by a break with longtime ally and aid-giver the USSR—which was replaced by the United States—and by a peace process with Israel, symbolized by Sadat's dramatic flight to Jerusalem in 1977. Infitah ended the domination of Egypt's economy by the public sector and encouraged both domestic and foreign investment in the private sector. ''Infitah'' was later adopted by other countries in the 1970s and 1980s. The Egyptian Army crossed the Suez canal in the October 1973 Yom Kippur War. Despite the inconclusive outcome, many saw the crossing as a political victory for its initial successes. It gave Sadat the prestige to initiate a major reversal of Gamal Abdel Nasser's policies. Overview During the 1950s and 1960s, in the midst of the Cold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dokki
Dokki ( , is one of nine districts that make up Giza city, which is part of Greater Cairo, in Egypt. Dokki is situated on the western bank of the Nile, directly across from Downtown Cairo. It is a vital residential and commercial district with major roads connecting the two parts of Greater Cairo. History Dokki used to be a village on a mostly royal and state-owned agricultural estate held under ''waqf'' (endowment) until the early 20th Century along with ''Joseph Hekekyan, 'izbas'' (hamlets) such as Awlad 'Allam, Bein al-Sarayat and Dayr al-Nahya, surrounding the palace of princess Fatima, granddaughter of Isma'il Pasha, Khedieve Ismail. A renewed and expanded bridge and a real estate boom saw the land on Cairo's western bank being sold to property developers and subdivided into new suburban villa neighbourhoods. One of these companies was Société Anonyme Immobiliere des Terrains de Giza & Rodah which acquired the land around what is today Midan Finney, and after initial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking And Finance
Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or Finance, financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include ''Profit and loss sharing#Mudarabah, mudarabah'' (profit-sharing and loss-bearing), ''wadiah'' (safekeeping), ''musharaka'' (joint venture), ''murabahah'' (cost-plus), and ''ijarah'' (leasing). Sharia prohibits ''riba'', or usury, generally defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic Value (personal and cultural), principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
