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Financial Institutions
Takaful Industry Faces Slower Growth, Unstable Returns –Study
Expansion of the takaful (Islamic insurance) industry is slowing as firms struggle for scale and face growing…
Official: Egypt Government Plans to Bring up Growth Rates to 3.5%
Egyptian Minister of Planning Ashraf el-Araby said the government is planning to pump additional 24.5 billion…
FinMin to Auction EGP12 bln T-bills Today
Egypt’s finance ministry will be offering today treasury bills worth EGP 12 billion through 4 offerings at…
Official: Egypt to Raise EGP12 bln T-bills Tomorrow
Egypt will be offering tomorrow treasury bills worth EGP 12 billion through 4 offerings at various maturities, the…
Fitch Warns It May Cut U.S. Credit Rating from AAA
Fitch Ratings warned on Tuesday it could cut the sovereign credit rating of the United States from AAA, citing the…
Official: Egypt to Raise T-Bonds, Bills Today
Egypt will be offering today 91-and 266- day treasury bills totaled EGP 5.5 billion, the country’s finance ministry…
IMF Commends Egypt $3 bln Plan to Create Jobs, Boost Economy
The International Monetary Fund commended Egypt’s plan to boost public spending by $3 billion to create jobs and…
Egyptian Finance to Offer T-Bills, Bonds Worth EGP 7 bln
The Egyptian Finance Ministry will offer tomorrow 91-and 266 day treasury bills with EGP5.5 billion, in addition…
UAE Pushing WB, IMF to Support Egypt
United Arab Emirates Minister of State Sultan Ahmed al-Jaber, who is currently in Egypt, said his country was…
G20 Hopes Grow for U.S. Deal to Avert Default
Top finance officials from the G20 leading economies looked set to keep their focus on the receding risk of a U.S.…