Browsing Category
Financial Institutions
IMF steps deeper into Middle East cauldron with Egypt Loan
The International Monetary Fund (IMF) is stepping up lending in a region where economic reformers haven’t exactly…
FinMin to issue treasury bills of 10.2 bln Egyptian pounds Sunday
Egypt’s Ministry of Finance is issuing Sunday treasury bills worth 10.25 billion Egyptian pounds ($1.15 billion) to…
Egypt likely to receive 1st tranche of IMF loan in 4-6 weeks
Egypt expects to receive the first $4 billion instalment of a $12 billion three-year IMF loan within four and 6…
China GDP growth to drop below 6% by 2020; IMF says
China's once-stellar economic growth will grind lower for the next five years and will drop below 6 percent in…
PwC faces 3 significant trials that threaten its business
The Big Four global audit firms go to court all the time but are hardly put on trial. PricewaterhouseCoopers LLP,…
IMF’s $12 bln loan ‘not enough’ to save Egyptian pound: ex-finance minister
A $12 billion IMF loan will definitely support Egypt’s foreign reserves and budget but it won’t be enough to curb…
Egypt picks Dechert to advise for 2016 international bond issuance
Egypt’s Ministry of Finance announced Thursday that it has selected global specialist law firm Dechert LLP to act…
BREAKING: IMF says reaches staff-level $12 bln loan agreement with Egypt
The International Monetary Fund said on Thursday it has reached a deal to assist Egypt with a three-year loan…
IMF loan is last option for Egypt to escape economic crises; say experts
Egypt is angling to obtain the $21 billion loan package from the World Bank, the African Development Bank, the…
Zurich Insurance H1 profits fall but CEO is pleased
Zurich Insurance posted net income of $1.6 billion for the first half, down by 22 percent on-year, but the head of…