China FX reserves fall more than expected to $2.998 trillion in Jan, near 6-year low
China's foreign exchange reserves unexpectedly dropped below the closely watched $3 trillion level in January for…
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QNB named most valuable banking brand in Middle East and Africa – The Banker
Qatar National Bank Group (QNB) has maintained its ranking of the most valuable banking brand in the Middle East…
Egypt’s NIB bank appoints CI Capital to advise on restructuring
Egypt’s state-owned National Investment Bank has appointed leading local investment bank CI Capital to advise it on…
EBRD funds 42 water projects in Egypt
The European Bank for Reconstruction and Development’s (EBRD) investments in 42 drinking and tap water projects in…
Egyptian banks becoming more supportive of SMEs – official
Banks in Egypt have become more supportive in financing small and medium-sized businesses, said head of retail…
Egypt’s National Bank, AAIB agree on best-efforts syndication deal for Rooya
Egypt’s biggest bank, state-run National Bank of Egypt (NBE) and the Arab African International Bank (AAIB) agreed…
China’s forex reserves may beat expectations, analyst says
China's foreign-exchange reserves data for January, due on Tuesday, may surprise on the upside after a long…
German finance minister agrees euro is too low for Germany
Germany’s Finance Minister Wolfgang Schäuble has added to the transatlantic debate over the appropriate value for…
Egypt’s HC says to complete $80 million acquisitions in Gulf this year
Egypt’s investment bank, HC Securities is planning to make two new acquisitions totalling $80 million in one of the…
Faisal Islamic Bank revenues climb by 1.5 bln Egyptian pounds on currency float
Egypt’s Faisal Islamic Bank reported a rise in 2016 revenues by 1.557 billion Egyptian pounds ($83.1 million),…