Browsing Category
Financial Institutions
Ministry of Finance to issue t-bills worth 12 bln Egyptian pounds today
Egypt’s Ministry of Finance is issuing Wednesday and Thursday treasury bills as banks will close on October 2nd for…
Moody’s expects gradual economic recovery in Egypt insurance sector
The Egyptian insurance market should see strong premium and profit growth in the next 12-18 months, aided by the…
EU secures €70 million for Egypt emergency employment investment project
The European Union (EU) has secured a €70 million grant in favour of Egypt’s Emergency Employment Investment…
Al-Ahly: AUMs shrank to 8.5 billion Egyptian pounds in Q3
National Fund Management Company (Al-Ahly), the investment arm of Egypt’s biggest state lender National Bank of…
Moody’s cuts Turkey’s credit rating to ‘junk’ after post-coup review
Credit ratings agency Moody’s Investor Service has downgraded Saturday Turkey’s sovereign credit rating to…
EU supporting Egypt with €200m for ongoing energy projects: official
All grants from the European Union (EU) to Egypt for ongoing projects in the energy sector will amount to a total…
Fitch: China’s toxic debt pile may be 10 times official estimates
Toxic loans in the Chinese financial system could be 10 times as high as official estimates suggest, Fitch Ratings…
Russia will raise $7 billion in global debt markets in 2017; says FinMin
Russia is planning to raise $7 billion in the international debt markets next year, taking advantage of strong…
EU parliament chief says Egypt’s IMF loan should be linked to migrant deal
A top EU leader called on Friday for the European bloc to pressure Egypt to sign a migrant deal similar to the one…
Egypt negotiating $300 mln first tranche of Abu Dhabi Fund’s Sinai loan
Egypt’s Ministry of International Cooperation is negotiating to receive the first tranche of an Abu Dhabi Fund for…