Egypt, World Bank, AfDB to start third tranche loan talks this week
Egypt will resume this week its negotiations with the World Bank and the African Development Bank (AfDB) to…
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Banks news
Deposits at Egypt banks fall for first time since September 2014
The total volume of deposits at banks operating in Egypt fell for the first time since September 2014, to record…
France in talks with 30-50 asset managers on post-Brexit plans
France is negotiating with 30-50 asset managers who are considering setting up new outposts in Paris so that they…
Egypt’s forex reserves surpass Nigeria for first time in 6 years: Bloomberg
Egypt’s foreign-exchange reserves have surpassed Nigeria’s for the first time since 2011. The North African…
Deutsche Bank: Egypt’s near-term outlook is positive
The near-term outlook for Egypt is positive, bolstered by a growing foreign reserves, capital inflows, and…
Banks in Saudi, UAE have not received any regulatory guidelines on Qatar -sources
Banks in Saudi Arabia and the United Arab Emirates have not received any regulatory guidelines about their dealings…
World Bank projects Egypt’s economy to grow at fastest regional pace by 2018
World Bank projected Egypt’s economy to grow at the fastest pace in the region, bolstered by a sharp recovery in…
Central Bank of Egypt denies reports it told banks to halt Qatari dealings
Egypt’s central bank has not given orders to halt transactions in Qatari riyals or dealings with Qatari banks,…
Some Egyptian banks halt dealings with Qatari banks: bankers
Some Egyptian banks have halted Monday dealings with Qatari banks, four Cairo-based bankers said, responding to…
Egypt central bank bans use of Qatari riyal in response to Doha rift
Egypt’s central bank has issued a grim decree early Monday that bans the use of the Qatari riyal in commercial…