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Money
UAE’s Shuaa Capital negotiating to re-enter Egypt market
UAE-based integrated financial services firm Shuaa Capital announced that it has formally begun discussions with…
Customs exchange rate to fall to 16 Egyptian pounds pounds in September: minister
Egypt will lower its customs exchange rate to 16 pounds per dollar from 16.25, effective September 1, Finance…
Banks offer €133 mln loan to Egypt’s Abu Abu Qir Fertilizers
Six banks are putting together a financing offer of €133 million ($158.7 million) for Egypt’s state-run major…
Foreign investments in Egypt’s T-bill sale rise to 176.6 bln pounds in June
Foreign investments in Egypt’s domestic debt instruments climbed to 176.600 billion Egyptian pounds ($9.9 billion)…
Bank Audi Egypt wins two EMEA Finance awards
Bank Audi SAE, the Egyptian arm of Lebanon’s Bank Audi, has won two prizes from EMEA Finance; “The Best Project…
Egypt’s gross domestic debt rises to 3.073 trillion pounds in three months
Egypt’s gross domestic debt rose to 3.073 trillion Egyptian pounds ($173.6 billion) at the end of March, the…
EALB bank, EFG Hermes Leasing ink JV deal to finance small businesses in Egypt
Egyptian Arab Land Bank (EALB) and EFG Hermes Leasing have concluded an agreement to jointly offer leasing…
S&P revises Qatar’s outlook to negative
Global ratings agency Standard and Poor's revised on Sunday Qatar's outlook to negative and predicted slower growth…
Moody’s says Fed still needs to convince the market that more hikes underway
The U.S. Federal Reserve must do a lot of work to convince skeptical markets that interest rate hikes are in the…
ECB’s Draghi warns of ‘serious risk’ to global economy from rising…
European Central Bank President Mario Draghi said on Friday protectionist policies pose a "serious risk" for growth…