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…
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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…
AfDB delegation to meet with Egyptian officials next week
A high-level delegation from the African Development Bank (AfDB) is set to visit Egypt on Monday to discuss current…
Africa50 joins Scatec’s Egypt 400-MW soler power project
The infrastructure fund of the African Development Bank (AfDB), Africa50 signed Wednesday a joint development…
German govt favors a Commerzbank-BNP Paribas merger: WirtschaftsWoche
The German government favors a merger of state-backed Commerzbank with France's BNP Paribas, German weekly…
