Brexit could fragment financial services; Italy ambassador warns
Brexit could lead to a fragmentation of the financial services industry in Europe, incapable of fighting against…
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Banks news
Fuel price increase to add 3-4.5 percentage points to Egypt’s inflation: official
Egypt's inflation rate, which was around 30 percent in May, will increase by between 3 and 4.5 percentage points…
Premiere eyes 500 mln Egyptian pounds in AUMs at 2017-end
Egypt-based financial service company, Premiere Holding says it plans to increase its assets under management…
Fitch says Egypt banks’ foreign currency liquidity to improve as transfer cap ends
Egypt's removal of foreign-currency (FC) transfer limits will help to restore confidence in the economy and attract…
China opens bond market to foreign investors: c.bank
China will allow foreign investors to have direct access to its massive bond market from Monday, the Chinese…
EFG Hermes wins mandate to run Ahli United Bank Egypt’s funds
Egyptian investment bank EFG Hermes announced Sunday it has won mandates to manage two funds for the Ahli United…
Egypt to keep customs dollar exchange rate at 16.5 pounds/dlr in July: official
Egypt will keep its customs exchange rate steady at 16.5 pounds per dollar for July, Egyptian Deputy Finance…
Egypt to pay $720 million to Paris Club next week
Egypt will pay back around $720 million to the Paris Club of creditor countries by next week, the central bank…
Banque Misr to receive Afreximbank’s $200 mln SME facility in July – official
The African Export-Import Bank (Afreximbank) will provide Egypt’s second largest bank, state-owned Banque Misr with…
Foreign investments in Egypt government securities at highest level since 2011
Foreign investment in Egypt’s domestic debt instruments has jumped to 92.624 billion Egyptian pounds ($5.12…