Egypt’s bank reserve rise may be precursor of benchmark rate cut
Egypt has raised banks’ reserve requirements, tightening monetary policy in the sector in what economists said may…
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World Bank’s energy lending to Egypt hits $4 billion: minister
The World Bank has recently provided funding worth $4 billion in Egypt’s energy sector, Egyptian Investment…
Australia’s central bank keeps rate at record low for 14th month in a row
Australia's central bank left Tuesday its cash rate at 1.5 percent, a widely expected decision given policy makers…
AfDB delegation in Egypt ahead of review for final loan payout
A high-level delegation from the African Development Bank (AfDB) has arrived in Egypt to prepare for a review…
Egypt’s foreign reserves at new high, hit $36.53 bln at end-Sept
Egypt’s foreign reserves rose to $36.534 billion at the end of September from $36.143 billion at the end of August,…
Fed eyes rates as asset-price tool
U.S. Federal Reserve policy makers are embarking on a subtle shift in strategy with potentially big implications…
Japan business mood reaches decade-high, BOJ tankan survey shows
Big manufacturers have more confidence in Japan's business conditions than they have had for a decade as global…
Faisal Islamic Bank raises $300 million since Egypt pound float
Egypt’s Faisal Islamic Bank has collected around $300 million since the central bank floated the pound currency in…
Egyptian banks net profits grow 48% end-2016
Egypt’s banks made 62 billion Egyptian pounds ($3.5 billion) in net profit at the end of 2016 from 34 billion…
EBRD considers investing $200 mln for Egypt energy efficiency project
The European Bank for Reconstruction and Development (EBRD) is looking to lend the state-run Egyptian Natural Gas…