Banque Misr says has financed Mowasalat Misr project – Phase I
Egypt’s second biggest bank, state-run Banque Misr announced Thursday that it has financed 60 percent of the first…
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North Korea conducts public executions for theft, watching South Korea media
North Korea carries out public executions on river banks and at school grounds and marketplaces for charges such…
Egypt’s CBE receives 2nd tranche of IMF loan
The second tranche of the International Monetary Fund’s (IMF) loan to Egypt, $1.25 billion, has entered the…
Egypt’s CIB approves capital hike through bonus shares
The ordinary general meeting (OGM) of Commercial International Bank- Egypt (CIB) has approved raising the…
China central bank told by Xi to play bigger role in managing financial risk
China's central bank will take on a bigger role in macro-prudential management and in averting systemic risk in…
Egypt’s CBE issues 13 bln pounds treasury bills Sunday
The Central Bank of Egypt (CBE) issued on Sunday treasury bills worth 13 billion Egyptian pounds, in cooperation…
IDWBE bank ups 2017 net profit target to 500 mln Egyptian pounds
State-run Industrial Development and Workers Bank of Egypt (IDWBE) has raised its targeted net profit for 2017 to…
Egypt’s CBE offers 1.75 bln pounds treasury bills Monday
The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth 1.75 billion Egyptian pounds on…
Banque Misr, NBE say “new certificates at high interest rates just rumors”
Yahiya Abu Al Fottoh, Deputy Head of National Bank of Egypt (NBE), denied the issuance of certificates at high…
Goldman Sachs is 2017’s worst-selling fund manager with $27 billion in outflows
Investors have pulled an estimated $26.7 billion from Goldman Sachs Asset Management's mutual funds so far in 2017,…