Crédit Agricole H1 profit rises 49% in Egypt
Crédit Agricole SA posted a 49 percent year-on-year rise in first half profits in Egypt backed by an increase in…
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Afreximbank, Egypt’s Arab Contractors sign $200 million facility deal
Egypt’s construction firm Arab Contractors has signed Sunday a $200 million credit facility agreement with the…
China, Egypt, Mexico picked as model countries in financial inclusion initiative
China, Egypt, and Mexico have been picked as ‘model countries’ in World Bank Group, the International…
Egypt to lower customs dollar exchange rate to 16.25 pounds/dollar –FinMin
Egypt will lower its customs dollar exchange rate to 16.25 pounds per dollar from 16.50, effective from Tuesday,…
Barclays incurs $1.6 billion losses on Africa sale, but CEO Staley says feels optimistic
U.K. lender Barclays posted a net loss of £1.21 billion ($1.58 billion) for the first half of 2017, hit by the drop…
Credit Suisse posts 78% profit rise as AUMs hit record
Credit Suisse reported on Friday a strong surge in net income for its second quarter, adding that assets under…
Egypt central bank’s exit from United Bank delayed on hopes for bigger return
Egyptian central bank’s plans to exit from the United Bank, in which it holds a 99 percent stake, could be delayed…
Kuwait Finance House eyes expansion in China and Egypt
Kuwait Finance House, the Arabian Gulf’s 10th-largest lender, is planning to expand in China and Egypt as the…
National Bank of Egypt NPLs hit 8 bln pounds
Egypt’s biggest lender, the state-owned National Bank of Egypt says its non-performing loans (NPLs) had risen to 8…
Eurozone businesses start H2 with solid growth – survey
Eurozone businesses started the second half of 2017 with solid growth, though declining inflation pressures could…