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Money
Russian billionaire’s bank bets on Egypt as Mideast risk rises
Renaissance Capital, the investment bank owned by Russian billionaire Mikhail Prokhorov, is taking a long-term bet…
Central bank of Egypt holds interest rates as expected
Central Bank of Egypt (CBE) kept interest rates unchanged as expected on Thursday, concluding that further…
Crédit Agricole: 9-month standalone net profit rose 54% in Egypt
Crédit Agricole SA says nine-month standalone net profit in Egypt grew 54.09 percent from a year ago, recording 1.5…
Foreign investments in Egypt debt hit highest levels in history in September
Foreign investments in Egypt’s debt instruments have jumped in September to a level not seen in its history,…
Keep bitcoin away from the real economy, says billionaire ‘father of high speed…
Thomas Peterffy, the billionaire founder and chairman of Interactive Brokers, has never been a huge fan of…
Egypt’s debt hits 3.7 trillion pounds in 2017: minister
Egypt’s Minister of Finance Amr El-Garhy said on Tuesday that the country’s internal and external debt totalled…
C.bank chief says foreign currency inflows to Egypt’s bank system $80bn since float
Foreign currency inflows into Egypt’s banking system have reached $80 billion since the central bank floated the…
Deposits at Egypt banks hit new high at August-end
Deposits at banks operating in Egypt hit new record, rising to 3.124 trillion Egyptian pounds ($177 billion) at the…
EFG Hermes advising on two acquisitions in Egypt next year
Egypt’s EFG Hermes is advising on three new acquisitions through 2018, Mostafa Gad, co-head of EFG Hermes’…
CIB bank Egypt to boost Tier 2 debt as it looks to African growth
Egypt’s Commercial International Bank (CIB) is planning to boost Tier 2 capital through dollar-denominated…