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Money
Remittances from Egyptian expatriates rise 17.3% since currency float
Remittances from Egyptian expatriates have increased 17.3 percent from a year ago, to $16.3 billion in the period…
Takaful premiums in Egypt reach 2.3 bln pounds at July-end
The premiums of Egypt’s Islamic insurance, or takaful sector registered 2.3 billion Egyptian pounds ($130.1…
Egypt’s Suez Canal negotiating €300 mln loan from two state-run banks
Egypt’s Suez Canal Authority is negotiating a €300 million ($352 million) loan from two state-run banks to buy two…
RBI imposes restrictions banking business on Oriental Bank of Commerce
The Reserve Bank of India (RBI) has imposed certain restriction on banking activities of government-owned Oriental…
Egypt’s Amer named Arab central bank governor of the year: UAB
Egyptian Central Bank Governor Tarek Amer was named by the Union of the Arab Banks as the best Arab central bank…
Bain exec says India isn’t ‘fast enough’ in reforming troubled banks
India’s government is not reforming its banking sector quickly enough, as troubles such as high levels of bad loans…
AfDB to send Egypt $500 mln final tranche in January
Egypt to receive the third and final $500 million tranche of a $1.5 billion African Development Bank (AfDB) loan in…
Egypt’s bank reserve rise may be precursor of benchmark rate cut
Egypt has raised banks’ reserve requirements, tightening monetary policy in the sector in what economists said may…
Saudi Arabia’s central bank paints rosy picture of economy
Officials of Saudi Arabia’s central bank, holding a rare news conference on Wednesday, painted a highly positive…
Green fund approves $31.4mn UNDP to protect Egypt’s Delta from climate change
The Green Climate Fund (GCF) approved on Sunday a $31.4 million United Nations Development Programme (UNDP)…