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Money
Egyptian Arab Land Bank seeks higher deposits this year
State-owned Egyptian Arab Land Bank (EALB) is seeking higher deposits by 10 percent for the current financial year,…
Egypt’s foreign reserves rise to $36.143 billion in August – c.bank
Egypt’s foreign reserves surged to $36.143 billion at the end of August from $36.036 billion a month earlier, the…
Moody’s says U.S. can forget about Triple-A rating if it violates debt ceiling
The U.S. will lose its Triple-A rating if it violates the debt ceiling, even if it quickly acts to meet its…
Deutsche Bank chief urges ECB to end ‘cheap money’ era
The head of Germany's largest bank said on Wednesday the European Central Bank (ECB) should begin the process of…
Egypt clears huge financial backlog as it rebounds from USD shortage
Egypt has cleared a multibillion-dollar backlog of foreign-currency requests from importers and foreign companies…
World’s second-longest serving central banker out in Oman
Oman’s ruler replaced the head of the central bank after 26 years in the job as the Gulf Arab monarchy struggles to…
China-led AIIB bank unveils $250 million boost for Egypt renewable energy
The Asian Infrastructure Investment Bank (AIIB) announced Tuesday as much as $210 million in debt financing in…
Moody’s cuts Oman banking outlook on weaker government support
The outlook for Oman’s banking sector was cut to negative by Moody’s Investors Service to reflect a reduction in…
Bitcoin price falls $200 after new ruling from Chinese regulators
The price of bitcoin dropped sharply after Chinese regulators announced a ban on organizations from raising funds…
Australian central bank holds rates at 1.5%
Australia's central bank left Tuesday its cash rate at 1.5 percent, a widely expected decision given policy makers…