Moody’s upgrades Afreximbank rating to ‘Baa1’
Moody's rating agency has upgraded the rating of the African Export-Import Bank (Afreximbank) from Baa2 to Baa1,…
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Banks news
Deutsche Bank mulls listing asset management unit: sources
Deutsche Bank is considering a partial initial public offering (IPO) of its asset management unit as part of an…
ECB should soon start talk of an exit from its stimulus: Lautenschlaeger
The European Central Bank (ECB) could soon start planning an exit from its unprecedented stimulus programme,…
Afreximbank to sign $500mn credit lines for Egypt SMEs in two weeks
The African Export-Import Bank (Afreximbank) plans to sign $500 million credit line contracts with two state-owned…
Foreign investments in Egypt treasury bills rise to $10.2 bln since pound float
Foreign investments in the Egyptian treasury bills have increased to $10.2 billion since Nov.3 decision to float…
World Bank pumped $700 million into Egypt SMEs in 2 years – minister
The World Bank secured $700 million in support of the small-sized projects in Egypt over the past two years, said…
NBE, Banque Misr, CIB complete lease-backed securitization
Egypt’s largest banks, National Bank of Egypt (NBE), Banque Misr, and Commercial International Bank (CIB) have…
Central Bank of Egypt to issue treasury bonds worth 850 mln pounds today
Egypt’s central bank is set to issue Monday, on behalf of Ministry of Finance, treasury bonds totalling 850 million…
China’s central bank ‘playing dangerous game’ to defend yuan
China's central bank is playing a dangerous game using the country's foreign reserves to prop up the yuan because…
Egypt inflation seen slowdown in April – planning minister
Egypt’s inflation rate is expected to start slowdown in the fourth quarter of the current financial year, Minister…