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Money
ECB tells banks to set aside more cash on bad loans
European Central Bank (ECB) will ask euro zone banks from next year to set aside more cash to cover newly…
World Bank CEO talks global poverty reduction at IOP
Chief Executive Officer of the World Bank Kristalina I. Georgieva outlined the causes of rising poverty in some…
Egypt CBE increases reserve requirement on deposits by 14%
The Central Bank of Egypt (CBE) said on Tuesday it is increasing the reserve requirement on deposits from ten…
World Bank’s energy lending to Egypt hits $4 billion: minister
The World Bank has recently provided funding worth $4 billion in Egypt’s energy sector, Egyptian Investment…
Australia’s central bank keeps rate at record low for 14th month in a row
Australia's central bank left Tuesday its cash rate at 1.5 percent, a widely expected decision given policy makers…
Egypt plans dollar-denominated Eurobonds issue between Jan-Feb
Egypt is planning to issue dollar-denominated Eurobonds between January and February next year, followed by a…
European Central Bank hints at drawn-out end to bond-buying
European Central Bank (ECB) may take a longer path to the end of its mass bond-buying scheme than observers…
Foreign investment in Egyptian securities hit $18 bln at end-September
Foreign investment in Egyptian securities rose to $18 billion at the end of September, according to a Finance…
AfDB delegation in Egypt ahead of review for final loan payout
A high-level delegation from the African Development Bank (AfDB) has arrived in Egypt to prepare for a review…
Egypt’s foreign reserves at new high, hit $36.53 bln at end-Sept
Egypt’s foreign reserves rose to $36.534 billion at the end of September from $36.143 billion at the end of August,…