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Financial Institutions
IMF chief urges c. banks independence amid political pressure
International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that central banks are under…
IMF, Sri Lanka reach staff-level agreement on second review of funding package
The International Monetary Fund (IMF) announced on Thursday that it had reached a staff-level agreement with the…
Egypt FX firms’ revenues hit EGP 4.18b since flotation
Following the recent decisions by the Central Bank of Egypt, the foreign exchange companies of the three largest…
Canadian funds invest C$595m in India’s NHIT
The Canada Pension Plan Investment Board and the Ontario Teachers' Pension Plan Board have invested a total of 595…
Saudi Cabinet approves deal to launch IMF regional office in Riyadh
Saudi Arabia's Cabinet approved on Tuesday an agreement to set up a regional office for the International Monetary…
IMF, Pakistan reach $1.1b staff-level agreement
The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan for a $1.1 billion…
Egypt expects over $20b FX inflows post IMF deal – FinMin
Egypt’s Minister of Finance Mohamed Maait said on Tuesday that the anticipated foreign cash inflows are estimated…
Egypt’s major FX firms collect EGP 3.5b since flotation
Egypt’s Al Ahly and Misr exchange firms have collected 3.544 billion Egyptian pounds in Arab and foreign currencies…
China tightens rules for consumer finance firms, eyes economic recovery
China has introduced stricter rules for consumer finance firms for the first time in a decade, raising the…
Fidelity to start layoffs in China
Fidelity International Limited (FIL) is reportedly initiating layoffs at its primary China division, aligning with…