Bitcoin surges above $6,000 for the first time on heavy trading volume
Bitcoin surged by five percent to a record high above $6,000 on high trading volume Friday. The cryptocurrency hit…
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Financial Institutions
IMF delegation in Cairo next week to review third loan instalment
A delegation from the International Monetary Fund (IMF) will arrive in Cairo next Tuesday for a review required…
Zurich Insurance expects $700 million in hurricane claims
Zurich Insurance Group AG (ZURN.EB) said on Thursday that it expects to pay out aggregate third-quarter claims…
Egypt to narrow budget deficit by 4-5% in 2020: minister
Egypt's Minister of Finance Amr El-Garhy said on Tuesday in Washington that the Egyptian government is aiming to…
Egypt’s AAIM posts 50% rise in AUMs this year
Egypt’s Arab African Investment Management (AAIM), part of the Arab African International Bank (AAIB), reported a…
China and emerging markets have to stay ‘vigilant’ to possible risks: IMF
As the International Monetary Fund's annual meeting drew to an end over the weekend, Tao Zhang, the deputy managing…
Iskan Egypt wins mandate for TE Data’s personal accident insurance policy
Egypt’s Iskan Insurance Company has won a mandate to offer personal accident insurance cover for the employees of…
Saudi Fund for Development investments in Egypt hit $2.5 bln: minister
The Saudi Fund for Development has so far invested around $2.5 billion in 23 ongoing projects in Egypt, investment…
IMF to emerging markets: Take advantage of easy money while it lasts
Emerging markets have to get their fiscal houses in order while monetary conditions remain loose, the International…
UAE, Saudi Arabia, Egypt have fastest online transactions growth in Arab world
Based on the study of seven key countries for the regional payment industry, the region witnessed an overall 22…