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Money
Moody’s: Qatar’s banks face a deteriorating situation as Gulf blockade…
Moody's Investors Service cut on Tuesday the outlook for Qatar's banking system to negative from stable amid a…
IMF names Subir Lall as new mission chief for Egypt
The International Monetary Fund has named Subir Lall as the new mission chief for Egypt, succeeding Chris Jarvis,…
GIG-Egypt wins Kuwaiti AlKharafi’s $32mn Athens Cypria hotel insurance policy
Egypt’s Arab Misr Insurance Group – GIG has won a $32 million hotel insurance policy tender launched by Kuwait's Al…
Banque Misr to sign $500 mln EIB loan deal next month
Egypt’s second largest bank, state-owned Banque Misr says it will sign a $500 million financing agreement with the…
Deutsche Bank slips down the world’s top private banks rankings
Deutsche Bank is no longer one of the world's top 15 private banks following a difficult year for the German…
Banks capital jumps to 13.74bn pounds in April: CBE Egypt
The capital of banks operating in the Egyptian market climbed to 13.74 billion Egyptian pounds at the end April…
Banque Misr to lend two local firms 130 mln Egyptian pounds
Egypt’s second largest bank, state-owned Banque Misr has recently approved to lend two local firms around 130…
EBRD, Egypt to sign $60 mln private sector funding deal next week
Egypt and the European Bank for Reconstruction and Development (EBRD) will sign a $60 million agreement next week…
Faisal Islamic Bank earmarks 70 mln Egyptian pounds for tech upgrade
Egypt’s Faisal Islamic Bank said Sunday it had completed upgrading its information technology infrastructure and…
CBE Egypt issues 15.5bn pounds treasury bills Sunday
Central Bank of Egypt (CBE) issued Sunday treasury bills worth 15.5 billion Egyptian pounds ($872.3 million), in…