Egypt’s Banque Misr to set up presence in Somalia, Kenya, and Côte d’Ivoire
Egypt’s second largest bank, state-owned Banque Misr is planning further expansion but this time in Africa by…
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ECB holds rates steady as Draghi says downside risks have diminished
The European Central Bank (ECB) held on Thursday its benchmark interest rate at zero percent as President Mario…
Egypt parliament approves AfDB’s grant to restructure state’s social lender
Egyptian parliament has approved Thursday an African Development Bank’s (AfDB) grant worth around 11 million…
AfDB is delivering for Africa: Adesina speaks at IMF-World Bank meetings
In an impassioned speech delivered at the Center for Global Development in Washington, DC, on Wednesday, April…
Russia’s investment bank Renaissance Capital to open Egypt office
Russian investment bank Renaissance Capital is planning to open an office in Cairo this year as it seeks to deepen…
China Development Bank keen to finance petroleum projects in Egypt
The China Development Bank (CDB) is keen to finance petroleum and gas projects in Egypt, a delegation from the bank…
Egypt’s foreign trade record $28 billion since currency float: official
Egypt’s foreign trade since Nov 3rd, when the government floated the country's currency, until April 10th recorded…
Banque Misr secures $100 million for Huawei-led project
Egypt’s second largest state-run lender, Banque Misr has signed a $100 million financing deal with China’s…
Fed’s Fischer: Trump’s changes to bank reforms can be very dangerous
U.S. Fed Vice Chairman Stanley Fischer believes changes that President Donald Trump is exploring on bank…
CIB is Egypt’s most valuable banking brand: The Banker
Egypt’s largest listed lender, Commercial International Bank (CIB) has been named as the most valuable banking…