Faisal Islamic Bank 9-month standalone profit ups to 1.14bn Egyptian pounds
Egypt’s Faisal Islamic Bank reported Thursday a standalone net profit after tax worth 1.14 billion Egyptian pounds…
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Egypt c.bank to double mortgage finance initiative to 20bn pounds
The Central Bank of Egypt (CBE) has decided to double the funds allocated or mortgage finance initiative to 20…
Bitcoin rallies to hit one-month high but experts warn of volatile upcoming event
Bitcoin staged a rally over the weekend to hit a one-month high despite experts warning of a potentially volatile…
ECB says euro zone banks well prepared for rate shocks
Euro zone banks are well prepared for sharp changes in interest rates, the European Central Bank (ECB) said on…
Saudi Arabia’s central bank paints rosy picture of economy
Officials of Saudi Arabia’s central bank, holding a rare news conference on Wednesday, painted a highly positive…
ECB tells banks to set aside more cash on bad loans
European Central Bank (ECB) will ask euro zone banks from next year to set aside more cash to cover newly…
World Bank CEO talks global poverty reduction at IOP
Chief Executive Officer of the World Bank Kristalina I. Georgieva outlined the causes of rising poverty in some…
Egypt CBE increases reserve requirement on deposits by 14%
The Central Bank of Egypt (CBE) said on Tuesday it is increasing the reserve requirement on deposits from ten…
European Central Bank hints at drawn-out end to bond-buying
European Central Bank (ECB) may take a longer path to the end of its mass bond-buying scheme than observers…
Egypt’s foreign debt ups by 42% in FY2016/17: CBE
Egypt’s foreign debt rose by 42 percent to $79 billion during the financial year 2016/2017, said Central Bank of…