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Money
Gold holdings in Egypt’s foreign reserves hit 46.6 bln pounds in June
Egypt’s gold holdings have surged to $2.6 billion of foreign reserves, almost 46.6 billion Egyptian pounds, at the…
ECB wary of putting end-date on QE: sources tell Reuters
The European Central Bank (ECB) is keen to keep its asset purchases open-ended rather than setting a potentially…
Lebanon finalises EBRD membership after two years of standstill
It took almost two years until Lebanon has finalised its membership of the European Bank for Reconstruction and…
Largarde praises Egypt’s measures on economic reforms
The head of the International Monetary Fund (IMF) Christine Lagarde has praised Egypt's reform measures, saying…
IMF approves dispersal of final $1.25 bln in first tranche of Egypt loan
The International Monetary Fund’s executive board has approved the first review of a $12 billion loan to Egypt and…
Japan, AfDB launch new initiative to support energy projects in Africa
Japan’s government has signed a Letter of Intent to launch the Japan-Africa Energy Initiative (JAEI) with the…
Foreign purchases at Egypt’s T-bill sale hit 7.9 bln Egyptian pounds
Foreign holdings in Egyptian government securities totalled 7.9 billion Egyptian pounds ($440.11 million) as of…
U.S. supports IMF’s approval of second loan disbursal to Egypt
The United States is supporting the International Monetary Fund’s approval of $1.25 billion tranche to support…
Egypt’s United Bank in talks with SANAD Fund for dollar loan
Egypt’s state-run United Bank is negotiating a dollar-dominated financing package from SANAD Fund for MSMEs, part…
IDWBE bank ups 2017 net profit target to 500 mln Egyptian pounds
State-run Industrial Development and Workers Bank of Egypt (IDWBE) has raised its targeted net profit for 2017 to…