banking - The Chronikler

Billionaires and the welfare of nations

The super rich are leaving only the scraps for everyone else to fight over, which is fuelling a mounting wave of intolerance as minorities and migrants are scapegoated for falling wellbeing. For the welfare of all, we must end these stark wealth inequalities before it leads to unmanageable social unrest.

Racists exploit BDS and Israel to advance their agendas of hatred

As recent motions in the German Bundestag and US Congress reveal, both the BDS and pro-Israel movements are exploited by racists as fig leafs to further their agendas. These racists must be exposed and challenged.

عن تجربة اليونان المؤلمة ودروسها لمصر

يوجد الكثير من الدروس المستفادة لمصر من أزمة اليونان الحادة

Egypt’s return of the “noble” outlaws

Three years after a revolution against Mubarak-era cronyism, fugitive tycoons are scrambling to buy back their freedom… at knock-down prices.

The legalised robbery of the Mubarak regime

Since the ‘Mubarak mafia’ were not outlaws but were the law, proving that Egypt’s lost billions were ill-gotten is an elusively difficult challenge.

Economy Egypt

Khaled Diab June 15, 2001November 23, 2023 0 Comments banking, economy, Egypt, stock exchange

EFG-Hermes and CIIC plan strategic alliance

Egyptian financial groups EFG-Hermes and Commercial International Investment Company (CIIC) are in talks about a possible strategic alliance.

Economy Egypt France UK

Khaled Diab May 21, 2001November 19, 2023 0 Comments banking, economy, Egypt, france, uk

HSBC sells CIE stake to Credit Agricole – source

London-based bank HSBC Holdings Plc is selling its stake in Credit International d’Egypte (CIE) to France’s Credit Agricole and an Egyptian business group, a banking source said.

Economy Egypt

Khaled Diab February 26, 2001November 19, 2023 0 Comments banking, economy, Egypt

CIB net profits up 5-10%, analysts predict

Egypt’s biggest private bank CIB is expected to post net profit growth of 5-10% for the calendar year 2000, despite high provisions and dividend payouts, analysts said.

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