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Money
Saudi banks freeze over 1,200 accounts in probe, number still rising: sources
Saudi Arabian banks have frozen more than 1,200 accounts belonging to individuals and companies in the kingdom as…
Goldman Sachs predicts bitcoin can run past $7,900
Goldman Sachs expects bitcoin will hit new records, despite a roughly $600 drop in the digital currency from…
S&P picks Egypt among the 5 most fragile countries exposed to higher interest rate
Credit ratings agency S&P Global has reshuffled its list of the countries that are most negatively affected in…
Al Baraka Bank Egypt says the bank unaffected by Saudi Saleh Kamel’s arrest
Al Baraka Bank Egypt said Monday that the detention of Saudi billionaire Saleh Kamel in the Kingdom’s ongoing…
Suez Canal Bank profits up to 301.4mn pounds in nine months
Egyptian Suez Canal Bank’s profits rose to 301.4 million Egyptian pounds ($56,575) during the first nine months…
CBE: Egypt’s foreign reserves rise to $36.703 bln at end-Oct.
Egypt’s foreign reserves surged to $36.703 billion at the end of October from $36.535 billion at the end of…
Egypt settles $1 billion Turkey debt dated back to ex-president Morsi’s tenture
Egypt has paid off the $200 million final instalment of a $1 billion loan it secured from Turkey in 2012 during…
Bank Audi Egypt raises $1.2 billion since pound float decision
Bank Audi SAE, Egypt’s eighth largest commercial bank and the Egyptian arm of Lebanon’s Bank Audi, has collected…
National Bank of Kuwait-Egypt 9-month profits rise 75.5%
The National Bank of Kuwait-Egypt made 1.160 billion Egyptian pounds ($65.8 million) in profits in the first nine…
China’s c.bank chief calls Beijing to promote equity, cut debt, eliminate…
China's central bank chief spelled out his strategy to prevent a future financial crisis, urging broadened equity…