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THE COMPANY: In just over 10 years, Ezz Steel has become the largest independent steel producer in the Middle East and Africa, with a total capacity of 5.8m tpa (3.5m tpa of long products and 2.3m tpa of flat products). It is an operational and holding company with majority stakes in three subsidiaries...

Despite having the oldest stock exchange and one of the largest banking sectors in the Middle East and North Africa (MENA), Egypt has not played a significant role in the precipitous expansion of Islamic finance that has shaken up financial sectors across the region and beyond. Just three banks in the country operate in full accordance with sharia-...

Chapter | Banking from The Report: Egypt 2012

The 2011 revolution had an impact on Egypt’s sizable banking sector but was not nearly as dramatic as was expected, thanks to a steady stream of reforms since 2004 that have improved the overall health and transparency of the country’s financial institutions. High exposure to sovereign debt weakened the outlook for some banks, and profitability took a hit, but overall liquidity remains high,...
Growth in lending at the emirate’s top banks remained slow during the first half of 2012, but profits were generally up on those of the previous year. Meanwhile, the banking sector is preparing to comply with a new regulation from the Central Bank of the UAE that has been designed to reduce exposure to government-related entities (GREs).

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