Egypt Central Bank Offers its Final FX Auction of This Week
The Central Bank of Egypt (CBE) has offered today its final foreign exchange auction for this week totaled US$ 40…
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Banks news
SocGen Holds Newedge Talks With Agricole as Profits Miss
Societe Generale SA and Credit Agricole SA (ACA), two of France’s biggest banks, reported earnings that…
Deutsche Bank Ordered to Pay Fired Rate Traders $493,370
Four Deutsche Bank AG (DBK) traders who won reinstatement of their jobs after they were dismissed following an…
European Central Bank Seen Holding Rates, for Now
The European Central Bank faces intense pressure to cut interest rates on Thursday but is unlikely to buckle,…
Subsidy Reform, Social Safety Nets Are 2 Sides of Same Coin: WB Egypt Director
Egypt’s deputy prime minister is visiting the United States, where he met with World Bank officials. Bassem Sabry…
Subsidy Reform, Social Safety Nets Are 2 Sides of Same Coin: WB Egypt Director
Egypt’s deputy prime minister is visiting the United States, where he met with World Bank officials. Bassem Sabry…
Egyptian Banks Company Says to Launch CCH for Foreign Currency Next Month
Egyptian Banks Company (EBC) is considering the establishment of the Cheques Clearing House (CCH) System for the…
HSBC Said to Reject Euribor Probe Deal as EU Readies Fine
HSBC Holdings Plc (HSBA) dropped out of talks to settle a European Union antitrust probe into rigging of Euribor…
Egypt Business Activity Shrinks for 13th Month in Row, HSBC Says
Egyptian business activity shrank for the 13th month in a row in October but at a much slower rate, suggesting the…
ABA Seeks to Raise NSGB’s Credit Facilities to EGP50 mln
Alexandria Business Association (ABA) is planning to increase the amount of the periodic credit facilities granted…