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Financial Institutions
IMF cautions Europe against ‘premature celebration’ of victory over inflation
The European Central Bank and other policymakers in Europe have to keep interest rates at current elevated levels…
Afreximbank signs $10 million facility deal with Zambia’s IGI
The African Export–Import Bank (Afreximbank) has signed on Sunday a $10 million facility agreement with Zambian…
Afreximbank signs cooperation deal with Comoros’ ANPI at IATF 2023
The African Export–Import Bank (Afreximbank) has on Friday signed a cooperation agreement with the Comoros National…
Israel war could have major impact on Europe’s economy – Goldman Sachs
The ongoing attacks in the Israel-Hamas war could have a major impact on economic growth and inflation in Europe,…
AM Best assigns national scale rating of aa.EG to Suez Canal Insurance
AM Best has on Thursday has assigned the Egypt National Scale Rating (NSR) of aa.EG (Superior) to Suez Canal…
Israeli attacks could lead to oil price spike – World Bank
The Israeli attacks on Gaza could trigger price hikes for raw materials like oil and agriculture products, the…
Israel war: new cloud among many – IMF chief
The head of the International Monetary Fund (IMF) said on Wednesday the attack in Gaza is another cloud on a…
El Swedy Electric unit secures $50mln loan from EBRD
The European Bank for Reconstruction and Development (EBRD) on Wednesday grants United Metals Company (UMC), a…
Egypt’s stock exchange announces sale of EGP 904 mln stake in Fawry
Egypt’s Stock Exchange (EGX) announced on Wednesday the acquisition of 161.4 million shares in Egyptian e-payment…
Egypt becomes first Arab, African country to issue panda bonds worth $500 million
Egypt sold a 3.5 billion yuan ($500 million) three-year panda bond in China’s onshore market on Monday, in the…
