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…
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Dollar rally pauses as market braces for US inflation data
The U.S. dollar's rally paused on Thursday as traders waited for consumer inflation data later in the day for…
HSBC says H1 pre-tax profit falls 40% in Egypt
HSBC Plc says first-half profit before tax in Egypt has dropped 40 percent from a year ago to record $143 million.…
Europen markets fall after China’s downgrade
European markets opened lower on Wednesday, extending the losses seen in Asian markets, after Moody's downgraded…
Egypt to receive 2 gasoline shipments from Aramco by end of week
Egypt is set to receive two shipments of gasoline as part of the oil shipments supplied by Saudi Aramco by the end…
Banque Misr, ADIB to sign $150 bln loan in Q1
Egypt’s second largest state-owned lender, Banque Misr is planning to sign a loan worth $150 million with Abu Dhabi…
Tesla gets $300 million lease credit line from Deutsche Bank
Tesla Motors Inc (TSLA.O) said on Wednesday it had entered into an agreement with Deutsche Bank whereby the…
Banks in Egypt to finish ranking SMEs, microenterprises by end of August
Banks operating in the Egyptian market will finish classifying the small- and medium-sized enterprises (SME) and…
CIB-Egypt to tighten limits on card usage abroad
Egypt’s Commercial International Bank (CIB) has introduced new limits on Egyptians' use of debit and credit cards…
Baidu puts money in ZestFinance to develop search-powered credit scoring for China
Baidu has made its second investment in a U.S. fintech company inside a month after it put an undisclosed sum of…
