World Bank’s IFC to triple lending to Egypt to $1 billion this year
The World Bank's development arm is expected to triple its funding to Egypt to $1 billion in its current financial…
Browsing Tag
Financial Institutions
IMF praises Egypt’s CBE policies to control inflation rate
The International Monetary Fund (IMF) praised on Friday the Central Bank of Egypt (CBE) policies to control…
Minister: Egypt to keep customs dollar rate at 16 pounds in October
Egypt will keep a customs dollar rate at a fixed 16 pounds for October effective the first of the month, Finance…
Egypt government approves Eurobond programme of around $7 billion
Egypt’s government approved a Eurobond programme worth around $7 billion to be issued during the 2017-2018…
Insurance market Lloyd’s of London pre-tax profit falls 16%
Lloyd's of London reported a 16 percent decline in half-year pre-tax profit on Thursday, and faces a challenging…
IMF sees ‘good progress’ on Egypt reforms
Egypt has made a "good start" to its International Monetary Fund-backed reform programme despite seeking waivers…
Fitch seeing China’s first local government bond defaults, but timing uncertain
China may witness its first local government bond defaults, although the timing was uncertain, Fitch Ratings said…
Takaful H1 premiums in Egypt hit 2.1 billion pounds
The premiums of Egypt’s Islamic insurance, or takaful sector recorded 2.1 billion Egyptian pounds ($118.8 million)…
Britain: Moody’s rating downgrade based on ‘outdated’ Brexit view
British government said Friday that a decision by ratings agency Moody's to downgrade the country's credit rating…
S&P cuts China’s credit rating, citing increasing economic, financial risks
S&P Global Ratings downgraded China's long-term sovereign credit rating by one notch on Thursday to A+ from…