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Money
Kuwait Finance House eyes expansion in China and Egypt
Kuwait Finance House, the Arabian Gulf’s 10th-largest lender, is planning to expand in China and Egypt as the…
National Bank of Egypt NPLs hit 8 bln pounds
Egypt’s biggest lender, the state-owned National Bank of Egypt says its non-performing loans (NPLs) had risen to 8…
Abu Dhabi fund grants $1 billion for Egyptian projects
The Abu Dhabi Fund for Development (ADFD) has provided a total of Dh4 billion ($1.08 billion) worth of grants and…
Eurozone businesses start H2 with solid growth – survey
Eurozone businesses started the second half of 2017 with solid growth, though declining inflation pressures could…
IMF keeps global growth forecast unchanged, Eurozone, Japan to accelerate
Despite slashing the economic growth outlook for the U.S. and U.K., the International Monetary Fund has kept its…
National Bank of Kuwait H1 profits rise 78.4% in Egypt
The National Bank of Kuwait (NBK), the Gulf state’s largest commercial lender, reported Sunday a 78.4 percent rise…
EGTAK wins South Cairo and Giza Flour Mills’ insurance policy tender
The Egyptian Takaful Property and Liability Insurance (EGTAK) has won the state-run South Cairo and Giza Mills and…
IFC board approves $660 million financing for Egypt solar power project
The International Finance Corporation’s (IFC) executive board has unanimously approved on Thursday a $660 million…
Moody’s forecasts Egypt account deficit to shrink to 3% of GDP in 2020
Moody's Investors Service said on Thursday that the International Monetary Fund (IMF) review of Egypt's economic…
French bankers pledge 1,000 post-Brexit jobs in Paris
French bankers pledged to create 1,000 jobs in Paris as part of a plan to shift their operations out of London once…