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Money
S&P lowers long-term ratings on Egypt to ‘B’
Standard & Poor's Ratings Services today lowered its long-term foreign- and local-currency sovereign credit…
EIF refuses participating in the civil disobedience
Egyptian Insurance Federation, representing the insurance companies and their employees, announced its refusal of…
Attackers of Sharm El-Sheikh’s Credit Agricole Revealed
The identities of the attackers, who attempted armed robbery at Credit Agricole Bank in Sharm El-Sheikh on…
EFSA approves guaranteed repayment little funds document
Egyptian Financial Supervisory Authority approves guaranteed-repayment-little-funds document, to be executed in the…
ECB keeps benchmark interest rate on hold ahead of major refinancing operation
FRANKFURT: Germany, Feb. 9 (Xinhua) -- The European Central Bank on Thursday decided to keep the benchmark…
US mortgage settlement nears agreement
Washington: Some of America's biggest banks are said to be close to agreeing a multi-billion dollar settlement with…
Credit Suisse Swings to Surprise Loss
ZURICH: Credit Suisse Group AG Thursday reported an unexpected loss for the fourth quarter as it took a major…
Egypt c.bank accepts repos worth 11.5 bln Eg pounds
CAIRO: Egypt's central bank accepted 11.517 billion Egyptian pounds in seven-day repurchase agreements in the money…
AlexBank launches safe box for clients
CAIRO: AlexBank launched Alex Safe, a safe deposit box service supported by an integrated computer system, to…
Dubai’s debt decision a credit positive step
Dubai: The absence of Dubai government guarantees in support of the Dubai Group restructuring is credit positive…
