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The IDBE's chairperson and managing director Maged Fahmy said that this protocol comes in line with the Central Bank of Egypt's (CBE) initiative to support small and medium-sized enterprises (SMEs) as the driver and locomotive of economic growth and provide new job opportunities.
This protocol is the third of its kind between the IDBE and the MFF.
The Industrial Development and Workers Bank of Egypt (IDBE) decided to raise the interest rate on savings accounts by 1% and raise the return on deposits by 1.5%.
Tickers featured: AMGN, AMLN, AVGN, DNA, IDBE, ISIS, LGND, LLY, MAXM, MEDI, NABI, VVUS.
Although the decision was made over a week ago, the market has seen only limited adjustments by the National Bank of Egypt (NBE), Banque Misr, Banque Du Caire, and Industrial Development and Workers Bank of Egypt (IDBE).
(RAH242) ANTHONY HOLLER - ID BIOMEDICAL CORPORATION (IDBE).
The CBE demanded that banks that received US dollars from this auction must direct them to cover importers' requests for food commodities only, said Haitham Abdel-Fattah, director general of treasury at the Industrial Development and Workers Bank of Egypt (IDBE).
Tickers featured: AGEN, AVE, COM:TSE, GSK, IDBE, IEX:TSE, MEDI, MRK, NHL, WYE.
Chairman and Managing Director-Executiveof Industrial Development and Workers Bank of Egypt (IDBE) El-Sayed El-Kosayer believes small, medium, and very small enterprises face a number of problems that limit their prosperity.
Meanwhile, controversy still surrounds the presidency of the Industrial Development and Workers Bank of Egypt (IDBE), in succession of El-Kosayer.
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