Egypt’s total FDI hit $1.872 billion in Q1-FY2016/17
Egypt’s total foreign direct investments (FDI) rose to around $1.872 billion in the end of first quarter of…
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Banks news
China c.bank raises short-term interest rates in fresh tightening signal
China's central bank has surprised financial markets on Friday by raising short-term interest rates on the first…
Germany’s financial capital intends to welcome 10,000 UK bankers
Frankfurt is expecting up to 10,000 financial industry workers to relocate from Britain to Germany's banking…
Deutsche Bank incurs $2 billion loss in Q4 as litigation costs weigh
Embattled German lender Deutsche Bank incurred a net loss of 1.9 billion euros ($2.05 billion) for its fourth…
Banque du Caire officially requests listing on Cairo bourse, eyes IPO in H1
Egypt’s third biggest bank, state-owned Banque du Caire has officially requested to have its shares be listed on…
Deposits at Egypt’s banks surge to 2.224 trillion pounds in October
The total volume of deposits at banks operating in Egypt, aside from the central bank, rose to 2.224 trillion…
Egypt receives $4 billion from Eurobond sale – c.bank governor
Egypt has received around $4 billion on Tuesday from its Eurobond sale, the country’s central bank governor Tarek…
Egypt’s banks allures $9 billion in inflows since pound float move
Egypt’s central bank said commercial lenders had attracted $9 billion in inflows since the country’s pound was…
Egypt’s CIB bank to issue dividend of 0.5 Egyptian pounds per share for 2016
Commercial International Bank (CIB), Egypt's largest listed company, announced Wednesday its board recommends a…
CBE to issue treasury bills worth 11bn Egyptian pounds today
Egypt’s central bank is issuing Thursday, on behalf of Ministry of Finance, treasury bills totalling 11 billion…