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Money
Afreximbank reveals new plan targeting $90bln disbursement over 5yrs
The African Export-Import Bank (Afreximbank) has announced the inception of new five-year strategic plan that will…
Crédit Agricole to secure $30 mln subordinated loan for Egypt unit
Crédit Agricole Egypt has confirmed Tuesday requesting a $30 million subordinated loan from the French parent…
Egypt’s NBE: Net profits exceed 6 bln pounds in H1-FY2016/17
Egypt’s biggest lender, the state-owned National Bank of Egypt says net profits have exceeded 6 billion Egyptian…
Asian Development Bank chief: It’s in Trump’s interest to protect free trade
The president of the Asian Development Bank says he is hopeful that the new U.S. administration will not put an end…
Moody’s: Egypt economy to grow 4.5% in 2017/18
Credit rating agency Moody’s said Sunday it forecasts Egypt’s economy to grow by 4.0 percent and 4.5 percent in…
Banque Misr, ADIB to sign $150 bln loan in Q1
Egypt’s second largest state-owned lender, Banque Misr is planning to sign a loan worth $150 million with Abu Dhabi…
Moody’s pays $864 million to U.S., states over pre-crisis ratings
Moody's Corp (MCO.N) has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over…
India central bank employees urge governor to protect autonomy
The employee union of the Reserve Bank of India (RBI) has urged the bank's governor to protect central bank…
Foreigners will be able to repatriate profits soon: CBE’s Amer
Egypt’s Central Bank Governor Tarek Amer said Thursday that foreign investors would be able to repatriate profits…
BOJ’s Kuroda told PM Abe U.S. economy growing steadily
Bank of Japan Governor Haruhiko Kuroda voiced optimism over the health of the U.S. economy in a meeting with Prime…