Browsing Category
Money
Egyptian Life Takaful-GIG, NBK Egypt bank sign bancassurance tie-up
Egyptian Life Takaful Company – GIG has signed Thursday a bancassurance agreement with National Bank of Kuwait –…
Swiss Re Q4 profit falls 45% as disasters weigh
Swiss Re, the world's second-largest reinsurer, announced Thursday fourth-quarter that net profit dropped 45…
Fed: Trump policies could lead to rate hike ‘fairly soon’
The next interest rate hike could be closer than it appears, documents released Wednesday by U.S. Federal Reserve…
Barclays reports trebling of pretax profit for 2016
Barclays recorded worse-than-expected net profits for 2016, but posted a surprise uptick in its capital buffers as…
China’s giant ICBC bank to invest $20 billion in Egypt over 10 years
The world’s biggest lender by assets, state-owned Industrial and Commercial Bank of China Limited (ICBC) will…
EBRD earmarks $200 million for Egypt SMEs
The European Bank for Reconstruction and Development (EBRD) has allocated $200 million for financing small and…
Egypt’s central bank, investors reach deal to settle pre-float credit lines: bankers
Egypt's central bank has agreed with Egyptian investors to settle credit lines opened before it floated the pound…
AlexBank launches business passport product to empower Egypt SMEs
AlexBank, a member of Italian bank Intesa Sanpaolo, announced Tuesday the launch of its Business Passport, a…
Telecom Egypt in talks to increase 4G loan to 13 bln pounds
State-owned landline monopoly Telecom Egypt is in talks with banks about raising a loan designated to pay for the…
HSBC says 2016 pre-tax profit rises 10.7% in Egypt
HSBC plc says profit before tax in Egypt has surged 10.7 percent to record $454 million equivalent to 7.2 billion…