Dubai Financial Group sells stake in EFG-Hermes to Natixis
Dubai Financial Group sold its 11.8 percent stake in Egyptian investment bank EFG-Hermes Holding to France's…
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Financial Institutions
GIG-Egypt posts premiums of $56.3 mln in FY2015-16
Egypt’s Arab Misr Insurance Group – GIG has recorded premiums worth 500 million Egyptian pounds ($56.3 million)…
FinMin issues treasury bills of 10.2 bln Egyptian pounds today
Egypt’s Ministry of Finance is issuing on Sunday treasury bills worth 10.25 billion Egyptian pounds ($1.15 billion)…
IMF steps deeper into Middle East cauldron with Egypt Loan
The International Monetary Fund (IMF) is stepping up lending in a region where economic reformers haven’t exactly…
FinMin to issue treasury bills of 10.2 bln Egyptian pounds Sunday
Egypt’s Ministry of Finance is issuing Sunday treasury bills worth 10.25 billion Egyptian pounds ($1.15 billion) to…
Egypt likely to receive 1st tranche of IMF loan in 4-6 weeks
Egypt expects to receive the first $4 billion instalment of a $12 billion three-year IMF loan within four and 6…
China GDP growth to drop below 6% by 2020; IMF says
China's once-stellar economic growth will grind lower for the next five years and will drop below 6 percent in…
PwC faces 3 significant trials that threaten its business
The Big Four global audit firms go to court all the time but are hardly put on trial. PricewaterhouseCoopers LLP,…
IMF’s $12 bln loan ‘not enough’ to save Egyptian pound: ex-finance minister
A $12 billion IMF loan will definitely support Egypt’s foreign reserves and budget but it won’t be enough to curb…
Egypt picks Dechert to advise for 2016 international bond issuance
Egypt’s Ministry of Finance announced Thursday that it has selected global specialist law firm Dechert LLP to act…