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Money
What to expect ahead of the Bank of England’s Sept. policy meeting
The Bank of England is expected to hold interest rates steady and make no changes to its asset purchasing program…
Remittances from Egyptian expatriates hit $14.5 billion since currency float
Remittances from Egyptian expatriates have risen to $14.5 billion in the period since Egypt floated its currency in…
Suez Canal Bank targets 400 mln pounds in SME financing at year-end
Egypt’s Suez Canal Bank is seeking to increase funding for the country’s small and medium-sized businesses to reach…
UK banks call for mutual recognition agreement with EU after Brexit
Britain and the European Union should accept each other’s rules governing financial services in a “flexible”…
Banque Misr reaches 1.1bn pounds settlement with Mubarak era figure
Banque Misr said Friday that it recently reached a settlement over the debt of businessman Ibrahim Kamel, worth a…
China Development Bank earmarks ‘large’ funds for Egyptian projects: minister
The China Development Bank is granting Egypt “large credit facilities” to finance development projects in the…
Ahli United Bank investments in Egypt debt fall to 6.250 bln pounds in six months
Ahli United Bank – Egypt, part of Bahraini Ahli United Bank, says its investments in domestic debt instruments…
European Central Bank keeps key interest rates unchanged
The European Central Bank kept key interest rates and its mass bond-buying program unchanged Thursday, as markets…
Banking group Nordea snubs Sweden with moving HQ to Finland
Nordea said the move to Finland, where it would be supervised by the European Central Bank, would save around €1…
Egypt’s Pharos Holding eyes 7.5bn pounds agreements in 18 months
Egypt’s Pharos Holding investment bank is targeting deals worth 7.5 billion Egyptian pounds ($427.84 million) in…