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Fitch seeing China’s first local government bond defaults, but timing uncertain
China may witness its first local government bond defaults, although the timing was uncertain, Fitch Ratings said…
Egypt banks’ domestic liquidity rose to 2.920 trillion pounds in June – C.bank
The Egyptian banking system’s local-currency liquidity surged in June than in the previous month, recording 2.920…
European Investment Bank loans Banque Misr $500 mln to fund Egypt SMES
The European Investment Bank (EIB) has agreed to loan Egypt’s Banque Misr a $500 million package to fund small and…
Takaful H1 premiums in Egypt hit 2.1 billion pounds
The premiums of Egypt’s Islamic insurance, or takaful sector recorded 2.1 billion Egyptian pounds ($118.8 million)…
Egypt’s June loans rise to 1.418 trillion pounds – c.bank
Egypt’s banks extended more loans in June than in the previous month, recording 1.41 trillion Egyptian pounds…
World Bank’s IFC to invest $150 million in Egypt’s PPP agriculture projects
The World Bank's International Finance Corporation (IFC) has approved Friday new direct investments worth $150…
Africa50 joins Scatec’s Egypt 400-MW soler power project
The infrastructure fund of the African Development Bank (AfDB), Africa50 signed Wednesday a joint development…
JPMorgan CEO warns governments to close down cryptocurrencies if they get too big
JPMorgan Chase’s chief executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that…
Britain: Moody’s rating downgrade based on ‘outdated’ Brexit view
British government said Friday that a decision by ratings agency Moody's to downgrade the country's credit rating…
S&P cuts China’s credit rating, citing increasing economic, financial risks
S&P Global Ratings downgraded China's long-term sovereign credit rating by one notch on Thursday to A+ from…