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Money
AfDB team in Cairo next September to receive final disbursal of $1.5bn loan
An African Development Bank (AfDB) delegation will arrive in Cairo next September for a mid-term review required…
SAIB-Egypt bank H1 profits fall 24%
Egypt’s Societe Arab Internationale de Banque (SAIB) reported a 24 percent fall in its first half profits between…
Saudi central bank says it did not instruct banks to stop dealing in Qatari Riyals
The Saudi Arabian Monetary Agency debunked on Saturday reports circulating on social media saying that it has…
Egypt’s first bitcoin exchange to commence trading this month
Egypt's first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt announced, linking the…
Jack Ma leads $1.7bn buyout of MassMutual Life Insurance’s HK unit
Jack Ma, Asia’s richest man, is extending the global reach of his financial services empire, by making a $1.68…
Central bank of Egypt keeps key interest rates ‘unchanged’
Egypt's central bank kept on Thursday its key interest rates unchanged at a meeting of its monetary policy…
EBRD, Green Climate Fund team up for Egypt’s $1 billion renewable energy project
The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) have joined forces to…
Moody’s affirms Egypt’s B3 rating with ‘stable’ outlook
Moody's Investors Service has affirmed on Friday Egypt’s long-term issuer and senior unsecured bond ratings at B3.…
Egypt’s CBE seen holding interest rates following unexpected hikes
Central Bank of Egypt (CBE) is seen leaving key interest rates unchanged this month, a Reuters poll indicated on…
AfDB, Egypt in talks for $3bn cooperation scheme
Egypt’s Ministry of Investment and International Cooperation recently met with the African Development Bank (AFDB)…