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Money
Egypt’s annual core inflation eases slightly to 32.06% in April
Egypt's annual core inflation eased slightly to 32.06 percent in April, down from 32.25 percent in March and 33.10…
EBRD approves €200 million for wastewater treatment projects in Egypt’s Fayoum
The European Bank for Reconstruction and Development (EBRD) has approved a €200 million ($217 million) loan for…
HSBC removes curbs on Egyptians’ use of credit cards abroad
HSBC Bank Egypt has removed all the curbs imposed on the Egyptians’ use of credit cards abroad and restored the…
Egypt’s CBE obliges banks to not deal with over 7 exchange bureaus
The Central Bank of Egypt (CBE) issued directives to banks operating in the Egyptian market to not deal with more…
HC Securities reaches 5 bln Egyptian pounds in AUMs at 2016-end
Egyptian investment bank, HC Securities and Investment reached 5 billion Egyptian pounds ($276 million) in assets…
ADIB Egypt looks to secure bridge loan for Saudi Binladin Group’s affiliate
Abu Dhabi Islamic Bank (ADIB) – Egypt is teaming up with four banks to arrange 900 million Egyptian pounds ($49.6…
Egypt’s Banque Misr cancels limits on use of credit cards abroad
Egypt’s second largest state-owned bank, Banque Misr has cancelled all the limits on Egyptians’ use of credit cards…
Commerzbank Q1 net profit beats expectations on one-off effect
Commerzbank reported Tuesday a 28 percent rise in first-quarter net earnings, benefiting from a positive one-off…
Barclays CEO Staley will face his shareholders Wednesday over whistleblower scandal
Barclays chief executive Jes Staley will come under the spotlight at the company's annual general meeting this…
Munich Re affirms profit outlook after Q1 profit surge
German reinsurance giant Munich Re announced Tuesday that net profit surged to 557 million euros ($608 million) in…