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Money
Egyptian Life Takaful-GIG signs health insurance deals with ADIB, 9 clients
Egyptian Life Takaful Company – GIG says it has signed medical insurance cover agreements with 10 new clients,…
Egypt’s Pharos Holding eyes new equity fund launch
Cairo-based investment bank Pharos Holding is planning to launch a new equity fund within the next few months,…
CBE to issue t-bonds, t-bills worth 11.85 billion Egyptian pounds in two days
Egypt’s central bank will issue Sunday and Monday treasury bills and treasury bonds totalling 11.85 billion…
Venezuela 2016 inflation skyrockets 800%, GDP falls 19%
Venezuelan consumer prices skyrocketed 800 percent in 2016 while the economy contracted by 18.6 percent, according…
United Bank of Egypt appoints new assistant MD of funding large enterprises, SMEs
The board of United Bank of Egypt has appointed Nevine Kashmiri as the assistant to the managing director of the…
IMF: Egyptian pound depreciation was ‘more than expected’
IMF mission chief for Egypt, Chris Jarvis said Wednesday that Egyptian pound had depreciated more than expected…
BREAKING: IMF releases staff report on Egypt’s $12 billion loan deal
The International Monetary Fund (IMF) has released Wednesday in an online conference the staff report and documents…
NBE: assets surge to 1.1 trillion Egyptian pounds after currency float move
Egypt’s biggest lender, the state-owned National Bank of Egypt says assets have surged to around 1.1 trillion…
Egypt negotiating $60 mln supplementary loan from Kuwait Fund
Egypt is negotiating a $60 million supplementary loan from the Kuwait Fund for Arab Economic Development (KFAED) to…
IMF cuts Saudi Arabia growth forecast on lower oil output
The International Monetary Fund (IMF) has cut on Tuesday its growth outlook for Saudi Arabia on lower oil…