Experts Predict Higher Inflation Rates Amid Unchanged Interest Rates
Following the decision by Egypt’s Central Bank to keep the main overnight deposit, lending and discount rates at…
Browsing Tag
business
EGB, Misr Insurance to Launch Banking Insurance Service in Q1 2014
Egyptian Gulf Bank (EGB) aims at providing a new service; the banking insurance product for Misr Insurance Co.…
Misr Insurance Contracted Egypt Post to Collect Premiums
Senior sources informed Amwal Al Ghad that Misr Life Insurance has signed a partnership contract with Egypt’s…
Money in Swiss Banks: India Slips to 70th Position; UK on Top
India has slipped to 70th position in terms of foreign money lying with Swiss banks and accounts for a meagre 0.10…
Iran Sanctions: Foreign Banks Kick Sand in Uncle Sam’s Face
As I have pointed out before in this space, much of the most shocking evidence of America’s weakening position…
No need to panic over falling rupee: FM
Finance minister P Chidambaram said on Friday that there was no need for panic over the weakness in the rupee and…
UBS to Exit Banking Business in India: Source
Swiss bank UBS AG will surrender its Indian banking license and close its banking unit, covering fixed income,…
CBE to Raise T-Bills for EGP5.5 Bln Tomorrow
On behalf of Egypt’s Ministry of Finance, the Central Bank of Egypt (CBE) will offer 91- and 266-day treasury bills…
Europe Unable to Break Impasse on Who Pays When Banks Fail
Europe failed to agree on how to share the cost of bank collapses on Saturday, as Germany resisted attempts by…
CBE’s MPC Meeting to Discuss Interest Rates
Central Bank of Egypt’s Monetary Policy Committee shall hold its periodic meeting today, headed by CBE’s governor…