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Financial Institutions
URGENT: IMF to extend significant support to Egypt – chief
The International Monetary Fund (IMF) is expected to extend significant support to Egypt as it was successful in…
Visa, EBC sign MoU to ease Egyptian’s remittances abroad
Visa and Egyptian Banks Co. (EBC) signed a MoU, in coordination with the Central Bank of Egypt (CBE), to enhance…
IMF: Red Sea shipping activity down 50% due to Gaza war
Shipping in the Red Sea has decreased by 50 per cent due to geopolitical tensions and the conflict in Gaza,…
IMF chief confident in economic outlook despite uncertainties
International Monetary Fund’s (IMF) managing director Kristalina Georgieva expressed confidence on Sunday in the…
Pakistan requests new IMF package to repay old debt
Pakistan needs to negotiate a new loan package with the International Monetary Fund (IMF) to repay its significant…
EU to end reliance on post-Brexit London for clearing euro derivatives
The European Union stated that its provisional agreement to remove the bloc's significant reliance on a post-Brexit…
Bahrain plans to issue Eurobonds
Bahrain plans to issue a dollar bond with a two-tranche deal: a seven-year Islamic note with a 6.625 per cent…
Egypt chairs GEMC for 3rd time
Mohamed Farid, chairman of Egypt’s Financial Regulatory Authority (FRA), has been elected to lead the Growth and…
H. Kong to raise protection on bank deposits to $102K
The Hong Kong Deposit Protection Board will raise the protection limit on bank deposit savings by 60 per cent to…
Egypt to licence Robo-Advisors – FRA
Egypt’s Financial Regulatory Authority (FRA), under the leadership of Dr. Mohamed Farid, is set to issue a licence…