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Banks
S. Africa’s private sector expands in Feb
South Africa witnessed a resurgence in private sector activity in February after a six-month downturn buoyed by…
Egypt’s c. bank offers fixed-rate EGP 150 bln deposits
The Central Bank of Egypt (CBE) offers on Tuesday a fixed-rate deposits of 21.75 per cent for seven days’ worth 150…
Suez Canal Bank posts net profit of EGP 2.3b in ’23
Egypt’s Suez Canal Bank reported on Thursday a net profit worth 2.3 billion Egyptian pounds ($74.2 million) for…
BOJ policy shift gains attention
The possibility BOJ changing its policy in March is gaining attention, with traders and economists showing…
Turkey’s economy beats predictions
Turkey's economy, valued at $1.1 trillion, experienced significantly faster growth than predicted while managing to…
ECB maintains rate floor, monitors economic outlook
The European Central Bank (ECB) plans to maintain a “floor” under market interest rates, with the decision on the…
Egypt’s c. bank offers EGP 60B T-bills
The Central Bank of Egypt (CBE) is issuing 60 billion Egyptian pounds in treasury bills (T-bills) on Thursday, in…
Kuwaiti Finance House offers to acquire United Bank of Egypt
Kuwait Finance House (KFH) has submitted a non-binding offer to acquire United Bank of Egypt, the Federation of…
German property lender Aareal incurs largest loss this century
German property lender Aareal set aside $478 million for soured loans in 2023, a record high due to a severe…
Africa’s debt to remain above pre-pandemic levels through ’25 – UN official
Africa's public debt is projected to remain elevated above pre-pandemic levels in 2024 and 2025, with numerous…
