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Money
Iskan Egypt renews reinsurance deal with Germany’s Hannover Re
Egypt’s Iskan Insurance Company says it has renewed its reinsurance agreements for the financial year 2017/2018.…
China’s state-owned banks sell dollars onshore to back the yuan
Chinese state-owned banks were seen selling on Tuesday dollars at the 6.80 yuan per dollar level in the onshore…
Brexit could fragment financial services; Italy ambassador warns
Brexit could lead to a fragmentation of the financial services industry in Europe, incapable of fighting against…
Fuel price increase to add 3-4.5 percentage points to Egypt’s inflation: official
Egypt's inflation rate, which was around 30 percent in May, will increase by between 3 and 4.5 percentage points…
Egypt’s Central Bank considers additional hikes in key interest rates
Egypt's government is considering a new hike in key deposit and lending rates; the issue will be discussed by the…
Premiere eyes 500 mln Egyptian pounds in AUMs at 2017-end
Egypt-based financial service company, Premiere Holding says it plans to increase its assets under management…
Fitch says Egypt banks’ foreign currency liquidity to improve as transfer cap ends
Egypt's removal of foreign-currency (FC) transfer limits will help to restore confidence in the economy and attract…
China opens bond market to foreign investors: c.bank
China will allow foreign investors to have direct access to its massive bond market from Monday, the Chinese…
8 insurers vying to win a mandate to cover Egypt GASCO’s assets
State-run Egyptian Natural Gas Company (GASCO) is trading off among eight insurers seeking to win a mandate to…
EFG Hermes wins mandate to run Ahli United Bank Egypt’s funds
Egyptian investment bank EFG Hermes announced Sunday it has won mandates to manage two funds for the Ahli United…