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Money
Egyptian banks becoming more supportive of SMEs – official
Banks in Egypt have become more supportive in financing small and medium-sized businesses, said head of retail…
Egypt’s National Bank, AAIB agree on best-efforts syndication deal for Rooya
Egypt’s biggest bank, state-run National Bank of Egypt (NBE) and the Arab African International Bank (AAIB) agreed…
China’s forex reserves may beat expectations, analyst says
China's foreign-exchange reserves data for January, due on Tuesday, may surprise on the upside after a long…
German finance minister agrees euro is too low for Germany
Germany’s Finance Minister Wolfgang Schäuble has added to the transatlantic debate over the appropriate value for…
Egypt’s HC says to complete $80 million acquisitions in Gulf this year
Egypt’s investment bank, HC Securities is planning to make two new acquisitions totalling $80 million in one of the…
Faisal Islamic Bank revenues climb by 1.5 bln Egyptian pounds on currency float
Egypt’s Faisal Islamic Bank reported a rise in 2016 revenues by 1.557 billion Egyptian pounds ($83.1 million),…
IMF to review Egypt’s economic reforms progress before loan 2nd tranche
A delegation from the International Monetary Fund (IMF) started Saturday meetings in Cairo with ministers of the…
Orient Takaful wins Nestlé Egypt’s $150 mln insurance policy tender
Egypt’s Orient Takaful Insurance Company has won a tender to provide insurance cover for Nestlé Egypt’s ice cream…
Egypt braces for local t-bonds, t-bills of 92 billion pounds in February
Egypt’s Ministry of Finance plans to issue treasury bills and treasury bonds totalling 92.15 billion Egyptian…
Egypt’s total FDI hit $1.872 billion in Q1-FY2016/17
Egypt’s total foreign direct investments (FDI) rose to around $1.872 billion in the end of first quarter of…