Morgan Stanley bullish on China’s ‘new economy with scale’
Morgan Stanley says it is bullish on its business in China as initial public offering activity there picked up…
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Financial Institutions
One of Asia’s largest banks says bitcoin is ‘a ponzi scheme’
One of Asia's largest banks is of the opinion that bitcoin is currently a financial scam. "We see bitcoin as a bit…
Egypt issues €692.9mn one-year treasury bills auction: c.bank
Egypt has sold 692.9 million euros in one-year euro-denominated treasury bills to local and foreign financial…
Bitcoin plunges after upgrade is called off, but offshoot ‘bitcoin cash’…
Bitcoin fell Friday to its lowest since November 1 as traders bet on its offshoot, bitcoin cash, instead. The…
S&P raises Egypt’s outlook to positive from stable, maintains B rating
S&P revised Friday Egypt's outlook to positive on "rising reserves and strengthening economic growth," with a…
IMF and Egypt reach agreement on loan instalment of $2 billion
Egypt has reached a staff level agreement with the International Monetary Fund for an instalment of around $2…
Egypt’s Arab Development and Real Estate Investment 9-month profits fall to 1.1mn pounds
Nine-month profits of Egypt’s Arab Development and Real Estate Investment Company dropped to 1.1 million Egyptian…
Goldman Sachs predicts bitcoin can run past $7,900
Goldman Sachs expects bitcoin will hit new records, despite a roughly $600 drop in the digital currency from…
S&P picks Egypt among the 5 most fragile countries exposed to higher interest rate
Credit ratings agency S&P Global has reshuffled its list of the countries that are most negatively affected in…
Telecom Egypt launches property insurance policy tender of 35 bln pounds
State-owned Telecom Egypt, which has a monopoly on the country's landlines, has put out to tender on a new…