{"id":627019,"date":"2018-07-17T03:48:03","date_gmt":"2018-07-17T03:48:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/"},"modified":"2018-07-17T03:48:03","modified_gmt":"2018-07-17T03:48:03","slug":"nbe-joins-china-arab-bank-initiative","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/","title":{"rendered":"NBE joins China Arab bank initiative"},"content":{"rendered":"<p><strong>The National Bank of Egypt (NBE) has signed on to join a China-Arab states bank initiative announced by Chinese Xi Jinping earlier this month<\/strong>, NBE Vice Chairman Yahia Aboul Fotouh <a href=\"http:\/\/gate.ahram.org.eg\/News\/1981275.aspx\">tells Ahram Gate<\/a>. The initiative is part of the wider Chinese One Belt One Road global trade program, said Aboul Fotouh. Xi Jinping had pledged USD 20 bn in regional aid to Arab States at the China-Arab Cooperation Forum. Egypt\u2019s share from the funding will be USD 1.2 bn, a senior government source <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/15\/foreign-institutions-have-pledged-nearly-usd-3bn-in-freshish-financing\/\">told us earlier this week<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Egypt (NBE) has signed on to join a China-Arab states bank initiative announced by Chinese Xi Jinping earlier this month, NBE Vice Chairman Yahia Aboul Fotouh tells Ahram Gate. The initiative is part of the wider Chinese One Belt One Road global trade program, said Aboul Fotouh. Xi Jinping had pledged [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9285],"tags":[2398,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627019","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-diplomacy-foreign-trade","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"c98019bf-5b1f-47cd-8fcc-e98fac20c964","order":"0","is_powered_by":true,"section_story_id":"f19c3848-2d66-49f5-b6de-31a9e9261ece","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626991],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NBE joins China Arab bank initiative - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE joins China Arab bank initiative\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt (NBE) has signed on to join a China-Arab states bank initiative announced by Chinese Xi Jinping earlier this month, NBE Vice Chairman Yahia Aboul Fotouh tells Ahram Gate. The initiative is part of the wider Chinese One Belt One Road global trade program, said Aboul Fotouh. Xi Jinping had pledged [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-17T03:48:03+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NBE joins China Arab bank initiative\",\"datePublished\":\"2018-07-17T03:48:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/\"},\"wordCount\":93,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Diplomacy + Foreign Trade\",\"EnterpriseAM\"],\"articleSection\":[\"Diplomacy + Foreign Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/\",\"name\":\"NBE joins China Arab bank initiative - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-07-17T03:48:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NBE joins China Arab bank initiative\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NBE joins China Arab bank initiative - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/","og_locale":"en_US","og_type":"article","og_title":"NBE joins China Arab bank initiative","og_description":"The National Bank of Egypt (NBE) has signed on to join a China-Arab states bank initiative announced by Chinese Xi Jinping earlier this month, NBE Vice Chairman Yahia Aboul Fotouh tells Ahram Gate. The initiative is part of the wider Chinese One Belt One Road global trade program, said Aboul Fotouh. Xi Jinping had pledged [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-07-17T03:48:03+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"NBE joins China Arab bank initiative","datePublished":"2018-07-17T03:48:03+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/"},"wordCount":93,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Diplomacy + Foreign Trade","EnterpriseAM"],"articleSection":["Diplomacy + Foreign Trade"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/","name":"NBE joins China Arab bank initiative - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-07-17T03:48:03+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/nbe-joins-china-arab-bank-initiative\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"NBE joins China Arab bank initiative"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":578632,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/newly-introduced-25-cds-see-massive-demand-in-first-two-days-big-two-bag-usd-700-mn-facility\/","url_meta":{"origin":627019,"position":0},"title":"Newly introduced 25% CDs see massive demand in first two days + Big Two bag USD 700 mn facility","author":"enterpriseam admin","date":"9 January 2023","format":false,"excerpt":"The newly released 25% certificates of deposit have raked in almost EGP 100 bn in a matter of days \u2014 and the two state banks offering them have reportedly secured a major loan to meet local demand for hard currency.Savers poured nearly EGP 100 bn into newly introduced record-high yield\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/113.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":649188,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/24\/nbe-receives-egp-1-5-bn-of-loan-requests-for-cbes-hotel-renovation-initiative\/","url_meta":{"origin":627019,"position":1},"title":"NBE receives EGP 1.5 bn of loan requests for CBE\u2019s hotel renovation initiative","author":"enterpriseam admin","date":"24 April 2017","format":false,"excerpt":"The National Bank of Egypt has received loan requests worth a total of EGP 1.5 bn as part of the CBE\u2019s initiative to provide affordable financing for the tourism industry, NBE Vice President Yehia Aboul Fotouh said, Al Borsa reports. The bank will review the loans and decide which ones\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555151,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/03\/nbe-wants-to-borrow-usd-1-5-bn-from-intl-lenders-in-2022\/","url_meta":{"origin":627019,"position":2},"title":"NBE wants to borrow USD 1.5 bn from int\u2019l lenders in 2022","author":"enterpriseam admin","date":"3 November 2021","format":false,"excerpt":"The National Bank of Egypt (NBE) is in the market to borrow USD 1.5 bn from international institutions next year, Deputy Chairman Yehia Aboul Fotouh told Hapi Journal. This would match the amount it borrowed this year, he said. Media reports earlier this year suggested that the bank was close\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577948,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-sisi-talks-everything-from-food-water-energy-security-to-political-stability-in-riyadh\/","url_meta":{"origin":627019,"position":3},"title":"El Sisi talks everything from food, water, energy security to political stability in Riyadh","author":"enterpriseam admin","date":"11 December 2022","format":false,"excerpt":"El Sisi calls for close Arab-China ties: President Abdel Fattah El Sisi called on the Arab world and China to strengthen ties at a summit in Saudi Arabia attended by Chinese President Xi Jinping on Friday, according to an Ittihadiya statement. The president said that Arab nations and Beijing will\u2026","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/195.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574690,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/whos-in-the-market-for-debt-rooya-egypt-kuwait-holdings-nile-wood\/","url_meta":{"origin":627019,"position":4},"title":"Who\u2019s in the market for debt: Rooya + Egypt Kuwait Holding\u2019s Nile Wood","author":"enterpriseam admin","date":"17 September 2020","format":false,"excerpt":"The National Bank of Egypt (NBE) and Egypt Kuwait Holding\u2019s (EKH) Nile Wood have signed a EGP 794 mn loan agreement to finance the construction of a planned EGP 1.37 bn factory in Sadat City to produce medium-density fibreboard, NBE Vice President Yehia Aboul Fotouh said, according to Al Masry\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572502,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/28\/national-bank-of-egypt-banque-misr-sell-egp-203-bn-of-high-yield-certificates\/","url_meta":{"origin":627019,"position":5},"title":"National Bank of Egypt, Banque Misr sell EGP 203 bn of high-yield certificates","author":"enterpriseam admin","date":"28 June 2020","format":false,"excerpt":"State-owned banks sell EGP 203 bn of 15% savings certificates: The National Bank of Egypt (NBE) has sold EGP 147 bn-worth of its high-interest savings certificates as of the end of last week, NBE Vice President Yehia Aboul Fotouh said, according to the local press. Meanwhile, Banque Misr has sold\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=627019"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627019\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/626991"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=627019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=627019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=627019"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=627019"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=627019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}