Talaat Pasha Harb
| Talaat Harb | |
|---|---|
Talaat Harb Pasha
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| Born | November 25, 1867 |
| Died | August 13, 1941 (aged 73) |
| Nationality | Egyptian |
| Occupation | economist |
| Known for | founder of Banque Misr |
Talaat Pasha Harb (Arabic: طلعت حرب) (25 November 1867 - 13 August 1941) was a leading Egyptian economist and founder of Banque Misr (The Bank of Egypt), and its group of companies, in May 1920.
The establishment of Banque Misr, the first real Egyptian bank owned by Egyptian shareholders and staffed by Egyptian nationals, where Arabic (the national language) was used in all communications, was a major step in establishing a national economic identity.
The idea of establishing Banque Misr first emerged in 1907, when Talaat Harb, the renowned nationalist industrialist, published a book calling for the founding of a national bank with Egyptian financing. He called attention to the idle funds invested by foreigners for purposes other than the interests of Egypt. He continued advocating this call on all occasions, with untiring persistence. In 1911, he published another book titled "The Egyptian Economic Reform and the Nation's Bank Project ", where he explained his economic idea.
In recognition of the importance of spreading banking awareness within and outside Egypt, the bank sought to spread its branches all over the country and in several states: Lebanon, Syria, Sudan, Yemen and Saudi Arabia.
The bank, under the leadership of Talaat Harb, established a number of companies operating in various sectors, such as: textiles, shipping, publishing, movie making, insurance and the first national airline: Egypt Air.
He had many roles in many modern Egyptian economic crisis and incidents like Kom Ombo sugar crisis and like cotton trading.
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