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Financial Institutions
Egypt’s top FX firms collect EGP 11.9b after flotation decision
The exchange firms associated with the National Bank of Egypt, Banque Misr, and Banque du Caire have collected…
Paris Club pushes Ethiopia’s IMF deal deadline to June
The Paris Club, a group mainly comprising developed country creditors, reportedly extended Ethiopia's deadline to…
MSMEDA partners with Kredit to fund SMBs with EGP100m
The Egyptian Micro, Small, and Medium Enterprises Development Agency (MSMEDA) announced on Thursday a collaboration…
CBE’s FinTech Egypt launches new programme for women entrepreneurs
CBE's FinTech Egypt initiative has launched the Women for Women in FinTech programme to provide innovative fintech…
WB upgrades Sri Lanka’s growth outlook to 2.2% in ’24
The World Bank (WB) upgraded its forecast for Sri Lanka's economy, predicting 2.2 per cent growth in 2024 as the…
URGENT: IMF board approves expanded $8 billion loan deal
The International Monetary Fund’s (IMF) executive board has approved the the augmentation of the current loan…
Gold prices surge over US rate-cut expectations
Gold prices surged on Thursday, heading for their largest monthly increase since November 2022 due to a strong…
IMF urges major financial reforms in Switzerland
The International Monetary Fund (IMF) stated on Thursday that Switzerland requires robust financial sector reforms…
URGENT: No rush to cut policy rate – Fed board member
According to an official statement on the Fed's website, Christopher J. Waller, a member of the Federal Reserve…
SWIFT to unveil CBDC platform within 2 years
SWIFT, the global bank messaging network, is set to launch a platform within 1-2 years to integrate the emerging…