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…
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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…
Deutsche Bank CEO gets brutally honest about what automation is going to do to banking…
Technology threatens jobs in many industries, but one bank chief is already predicting that "a lot of people" in…
Central Bank Governor Amer says Egypt inflation has peaked
Egyptian Central Bank Governor Tarek Amer said inflation in the most populous Arab country has peaked after policy…
Fed meeting could trigger stock sector rotation
U.S. equity investors could rotate out of high-yielding sectors and into stocks of banks, which would benefit from…
China provides US$10 billion credit line for Iran’s banks
A Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks, Iran's central…
Reserve Bank of Australia posts $719.8mn loss in FY2017
The Reserve Bank of Australia (RBA) posted a loss of A$0.9 billion ($719.8 million) in the year ended June,…
Bank of England says ready to act on Brexit banking risks
Bank of England is taking a close look at financial institutions’ plans to handle Britain’s departure from the…
Doha Bank cuts staff after Qatar’s rift with neighbors: sources
Doha Bank has cut around en jobs in the United Arab Emirates and plans to put some staff in the region on unpaid…