Browsing Category
Money
Egypt’s banks cleared to repatriate foreign firms’ long-held profits
Egyptian banks are set to allocate about a quarter of their excess hard currency to foreign firms seeking to…
Egypt says to lower customs exchange rate to 15.75 pounds per dollar from 16
Egypt will lower its customs exchange rate to 15.75 pounds per dollar from 16, effective from next Wednesday,…
National Bank of Kuwait Q4 net profit rises 45.7% in Egypt
National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, posted a 45.7 percent rise in…
Afreximbank secures $1 billion facility for Egyptian institutions
The African Export-Import Bank (Afreximbank) has secured more than $1 billion worth of indirect credit facilities…
Africa Reinsurance: Egypt investments have risen to $40 million at 2016-end
African Reinsurance Corporation (Africa Re) says investment portfolio in Egypt has surged to $40 million at the end…
Foreigners invest 53bn Egyptian pounds in Egypt local currency t-bills: minister
The foreign holdings of Egyptian treasury bills have reached 53 billion Egyptian pounds (roughly $3.3 billion),…
Intesa Sanpaolo won’t make takeover bid for insurer Generali
Italy's second-largest bank, Intesa Sanpaolo SpA announced Friday evening that it has decided against launching a…
Deutsche Bank staff won’t be quitting over bonus cuts: Paper
Bonus cuts at German flagship lender Deutsche Bank, announced in January, have so far not led to a mass exodus of…
Egypt’s NBE bank FY2015/16 pre-tax profits surge 88%
Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) reported Sunday an 88 percent rise in annual…
CIB, AAIB studying new financing for Egypt’s Madinet Nasr Housing
Egypt’s largest listed lender, Commercial International Bank (CIB) along with the Arab African International Bank…