Browsing Category
Money
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Britain: Moody’s rating downgrade based on ‘outdated’ Brexit view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…
German govt favors a Commerzbank-BNP Paribas merger: WirtschaftsWoche
The German government favors a merger of state-backed Commerzbank with France's BNP Paribas, German weekly…
Egyptian banks have provided $55.1 bln to fund trade since pound float
Egyptian banks have provided around $55.1 billion to fund trade since the country floated its currency in early…
Interview: EBRD says Egypt has now suitable climate for investment
The European Bank for Reconstruction and Development (EBRD) is very optimistic about the future of the Egyptian…
Deutsche Bank CEO gets brutally honest about what automation is going to do to banking…
Technology threatens jobs in many industries, but one bank chief is already predicting that "a lot of people" in…