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Money
Egypt’s Banque Misr aims to open new office in South Korea and Kenya
Egypt’s oldest bank, Banque Misr is negotiating with the central banks of both South Korea and Kenya to open…
Egypt’s foreign reserves rose to $37.019 bln at end-December
Egypt’s foreign reserves surged to $37.109 billion at the end of December from $36.723 billion a month earlier, the…
Al Baraka group launches Moroccan BTI Bank
Al Baraka Banking Group (ABG), the leading multinational Islamic Banking Group, the Moroccan Bank for Foreign…
ECB may end bond buying in 2018 if economy stays strong
The European Central Bank (ECB) may end its stimulus programme this year if the euro zone economy continues to grow…
2018 to bring a disastrous geopolitical event that rivals the 2008 financial crisis,…
The world is moving toward crisis and a state of "geopolitical depression" as the U.S. presidency of Donald Trump…
Moody’s: Korean Peninsula conflict is Asia’s ‘greatest geopolitical…
A conflict on the Korean Peninsula could disrupt global businesses, making it "the greatest geopolitical threat to…
CI Capital captures 80% stake in Egyptian microfinance firm Reefy
Egypt's investment bank CI Capital announced Tuesday that it has acquired an 80 percent stake in Reefy Micro…
National Bank of Egypt gets German KfW’s €50 mln SME loan
Egypt's biggest lender, the state-owned National Bank of Egypt has signed a €50 million ($60.3 million) loan…
Egypt has repaid around $30 bln in foreign debt during 2017: c.bank source
Egypt repaid around $30 billion dollars in foreign debt throughout 2017 and expects to pay off more than $12…
Bitcoin trading is unlawful pursuant to Islamic Sharia: Egypt’s Grand Mufti
Trading of the world's leading cryptocurrency Bitcoin is unlawful in accordance with Islamic Sharia, Egypt’s Grand…