Back to the complete issue
Sunday, 27 September 2020

National Bank of Egypt, Banque Misr chairmen reappointed for three-year terms

MOVES- National Bank of Egypt and Banque Misr bosses get three more years in office: A statement (pdf) says that Hisham Okasha will remain as NBE’s chairman, while Yehia Aboul Fotouh and Dalia El Baz will also stay on as deputy chairs for the three-year period. Mohamed El Etreby will also retain his position as Banque Misr chairman, with Hossam El Din Abdel Wahab and Akef El Maghraby staying on as deputy chairmen for three years. The appointments were approved by Prime Minister Moustafa Madbouly.

MOVES- Ghada El Bialy (LinkedIn) will succeed Maged Fahmy as the new head of the Industrial Development Bank, Al Masry Al Youm reports. El Bialy, who will serve a three-year term, was previously an exec at the National Bank of Egypt. Hamdi Azzam will continue to serve as the bank’s deputy president.

MOVES- Four state-owned newspapers have new chief editors following a meeting by the National Press Authority on Saturday. Ahmed Galal will take the reins over at Akhbar Al Youm, replacing Yasser Rizk who has held the post since 2014. Mohamed Abu Haggag will head the Dar El Tahrir institute, which publishes the Al Gomhouriyah daily, while Ayman Fathy Tawfik will head Rose El Yusuf. Ahmed Moustafa will now also take charge of the Dar Al Hilal institute.

Abd El Mohsen Salama will stay on as the head of Al Ahram, while Ali Hassan will continue to run the MENA news agency. Said Abdo will continue to helm the Dar Al Maaref institute, the authority said.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.