Banque Misr pumps 900mn Egyptian pounds for low-income housing projects
Egypt’s second largest bank, state-owned Banque Misr has pumped 900 million Egyptian pounds ($49.2 million) to…
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Egypt parliament endorses World Bank $500mn deal for Upper Egypt scheme
The Local Administration Committee at the Egyptian Parliament has endorsed Wednesday the World Bank’s $500 million…
Faisal Islamic Bank raises $40 million since Egypt pound float move
Egypt’s Faisal Islamic Bank has collected around $40 million since Nov.3 decision to freely float Egyptian pound…
United Bank partners with SCZone to support Suez Canal investors
The state-run United Bank of Egypt has signed Wednesday a partnership with the General Authority for Suez Canal…
Italy set to put in around €6.5 billion to rescue Monte dei Paschi bank: Report
Italy’s government is likely to put in around €6.5 billion ($6.8 billion) to rescue the country's third biggest…
ECB sets Deutsche Bank CET 1 capital ratio requirement of 9.51%
The European Central Bank (ECB) has lowered Tuesday the minimum capital requirements for Deutsche Bank AG, giving…
Bank Audi Egypt: 9-month net profit hits 619.3 million pounds
Egypt’s eighth largest commercial bank, Bank Audi S.A.E., has registered nine-month net profit of 619.3 million…
National Bank of Egypt may delay tourism clients’ installments to 2018-end
Egypt’s largest bank, the state-owned National Bank of Egypt (NBE) may delay collecting debts for clients operating…
Japan consumer prices fall in November, look for 2017 rebound
Japan's core consumer prices marked the ninth straight month of annual drops and household spending slumped in…
ECB tells Italy’s Monte dei Paschi it needs to raise €8.8 billion
The European Central Bank (ECB) has told Monte dei Paschi it needs to plug a capital shortfall of 8.8 billion euros…