Central bank of Egypt cuts key rates again as inflation continues to ease
Egypt’s central bank cut Thursday its key interest rates by 100 basis points for the second meeting in a row as…
Browsing Tag
Banks news
Premiere Holding to launch Egypt’s first agriculture fund this year
Cairo-based financial service company Premiere Holding announced Monday plans to launch Egypt’s first agricultural…
EBRD launches its 1st project in Lebanon, invests in Bank Audi
The European Bank for Reconstruction and Development (EBRD) completed Sunday an equity investment in Lebanon’s…
Egypt’s FX reserves at new record high in February after Eurobond sale
Egypt’s foreign reserves rose to a new record high in February, data from the central bank showed on Sunday. The…
Standard Chartered Bank’s 2017 profit soars
Standard Chartered Bank announced Tuesday that its 2017 underlying pre-tax profit soared to $3.01 billion — handily…
Exclusive: Shares of 5 banks in two Egyptian state-run oil firms’ loan
A consortium of five Egyptian banks signed last week a financing agreement worth 4 billion Egyptian pounds ($225.8…
EBRD loans $52 million to support Chinese investment in Egypt
The European Bank for Reconstruction and Development (EBRD) has secured a $52 million loan to Angel Yeast Egypt, a…
Qatar National Bank hires CI Capital for 2% stake sale in Egypt unit
Qatar National Bank (QNB) said Sunday it has hired CI Capital to advise it on the sale of a small stake in its…
Bank Audi Egypt’s Ezdehar Fund wins two awards
Bank Audi’s Ezdehar Fund, with cumulative and floating returns in Egyptian pound, has been awarded the “Best…
World Bank: Investing in people ‘vital’ for nations’ economic development
World Bank’s President Jim Yong Kim said Monday the need to invest in human capital is lagging across the globe and…
