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Money
Goldman Sachs is 2017’s worst-selling fund manager with $27 billion in outflows
Investors have pulled an estimated $26.7 billion from Goldman Sachs Asset Management's mutual funds so far in 2017,…
FinMin sees Egypt monthly inflation rate to stabilise within 4 months
Egypt expects the monthly inflation rate to stabilise within four months at between 1-1.25 percent, Egyptian…
Egypt’s urban consumer price inflation surges to 29.8% in June
Egypt's annual urban consumer price inflation grew slightly in June to 29.8 percent from 29.7 percent in May, the…
Redcon to deliver ABC bank’s new Egypt HQ building in Sept.
Egypt-based Redcon Construction Company says it is planning to deliver the Egyptian headquarters of Arab Banking…
Egypt central bank says $57 bln cash flow into banks in 8 months – paper
Cash inflows into Egypt's banking system totalled more than $57 billion since Egypt floated its currency in early…
Amer: Egyptian pound strengthens due to market supply, demand mechanism
The pound’s rally against the dollar in the few past days was due to the market’s supply and demand mechanism…
Egypt’s CBE issues 13.25 bln pounds treasury bills Sunday
Central Bank of Egypt (CBE) issued on Sunday treasury bills worth 13.25 billion Egyptian pounds, in coordination…
Abu Dhabi Islamic Bank-Egypt launches 2nd tranche of healthcare note
Abu Dhabi Islamic Bank-Egypt (ADIB) has launched a second tranche of its Healthcare Pharmaceuticals Equities…
National Bank of Egypt FY17 net profit hit 12 bln pounds: source
Egypt’s biggest public lender, National Bank of Egypt has made a net profit exceeded 12 billion Egyptian pounds…
Egypt sees interest rate hike as temporary to control inflation: Deputy FinMin
Egypt's deputy finance minister for treasury said Saturday he expected higher interest rates to be temporary…