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Financial Institutions
IMF: Egypt’s ‘supergiant’ gas discovery to improve its energy position
Egypt’s supergiant natural gas discovery has the potential to improve its energy position and will contribute more…
IMF: ‘Bumpy’ road ahead for emerging economies
The world’s lender of last resort, the International Monetary Fund (IMF), has said up-and-coming nations must do…
IMF’s Lagarde warns of spillover risks from recent volatility
Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next,…
IMF’s chief sees weaker-than-expected global economic growth
Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund…
Four local insurers competing for New Suez Canal’s insurance policy
Four Egyptian insurers are competing for an insurance policy designated for a project to build a tunnel under the…
Goldman takes a knife to China GDP forecasts on Monday
Goldman Sachs slashed Monday its forecasts for China's growth over the next three years amid broadening pessimism…
IMF’s Lagarde says restructuring should suffice for Greek debt
A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt…
Direct foreign investments in Egypt hit $6bn in nine months
The volume of net direct foreign investments in Egypt hits US$5.7 billion in the first nine months of fiscal year…
Misr Insurance commits US$10mn to Egyptian reinsurance firm’s capital
The leading insurer in MENA region, Misr Insurance Company is to commit around 5 percent equivalent to US$10…
Fed says rate hike next month hinges on market volatility
The Federal Reserve on Friday left the door open to a September interest rate hike even while several U.S. central…