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Sudan on track to unify currency rate in bid to win foreign investment
Sudan is taking steps to close the gap between its official and unofficial currency rates and scrap subsidies by…
Growing debt and low interest posing greatest market risks: IMF’s David Lipton
The prolonged period of low central bank interest rates and growing debt in developed economies is posing the…
Morgan Stanley bullish on China’s ‘new economy with scale’
Morgan Stanley says it is bullish on its business in China as initial public offering activity there picked up…
Italy expects debt to fall aggressively: finance minister
Italian Finance Minister Pier Carlo Padoan is confident that measures carried out by his government to strengthen a…
One of Asia’s largest banks describes bitcoin as ‘a ponzi scheme’
One of Asia's largest banks says that bitcoin is currently a financial scam. "We see bitcoin as a bit of a ponzi…
One of Asia’s largest banks says bitcoin is ‘a ponzi scheme’
One of Asia's largest banks is of the opinion that bitcoin is currently a financial scam. "We see bitcoin as a bit…
C.bank says Egypt signs $3.1bn funding deal for reserve boost
Egypt has signed a $3.1 billion financing agreement with international lenders as part of its efforts to increase…
Foreign firms in Egypt achieve 40% profitability rates annually – c.bank chief
Foreign companies operating in Egypt achieve profitability rates ranging between 30 percent and 40 percent per…
Egypt’s AAIB bank signs EBRD $30 million SME financing deal
Egypt’s Arab African International Bank (AAIB) has signed Tuesday a $30 million financing contract with the…
EBRD, QNB ALAHLI join forces to support woman entrepreneurs in Egypt
The European Bank for Reconstruction and Development has offered a senior loan of $20 million to QNB ALAHLI for…