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Money
Germany offers Egypt $500 million to support economy, SMEs
Germany is planning to provide Egypt with $500 million in support of the country's economic reform programme and…
Banque Misr full-year pre-tax profit rises 30.7%
Egypt’s second biggest bank, state-owned Banque Misr says profits before tax have climbed 30.7 percent to record…
Egypt’s foreign reserves surge to $26.541 billion at February-end
Egypt's net foreign reserves rose to $26.542 billion at the end of February from $26.363 billion at the end of…
QNB Al-Ahli Bank to roll out mVisa services in Egypt
QNB Al-Ahli Bank has announced plans to roll out mVISA service in cooperation with Visa Inc, becoming the first…
Japan bank consortium to use blockchain tech from Google-backed Ripple to make payments
A consortium of Japanese banks plans to use distributed ledger technology — better known as blockchain — from a…
China’s new banking regulator pledges tightening supervision, curbing risks
China's newly appointed banking regulator vowed Thursday to tighten supervision of the lending sector, underscoring…
Central Bank of Egypt braces for multi-billion-pound microfinance initiative
Egypt’s central bank is preparing the ground to launch a new initiative dedicated for the microfinance sector…
Visa to expand payment service mVisa to Egypt and 6 countries
Visa Inc, the world's largest payments network operator, announced Monday that it will expand its QR-based…
Egypt negotiating $150 mln labour-intensive finance programe from World Bank
Egypt is negotiating a $150 million financing programme from the World Bank to help develop labour-intensive…
Fitch says Egypt rebalancing continues, sees 4.5% growth in FY18
Rising foreign exchange reserves, a return of private capital inflows and currency appreciation point to further…