H2O offers €250m to investors, exits UK
Asset manager H2O has agreed to pay €250 million ($273 million) to investors trapped in its funds since 2020 and…
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funds
Russian court revokes JPMorgan fund seizure
A Russian court overturned the decision to seize a portion of JPMorgan Chase’s assets in Russia amidst a legal…
Oman plans IPO for state-owned logistics company
The Oman Investment Authority (OIA) is in the process of planning an initial public offering (IPO) for Asyad Group,…
Chinese developers increase funds at home to repay pricier offshore debt
Chinese real estate companies facing a wave of maturing debt will raise funds on the mainland to refinance their…
Chinese developers raise funds at home to repay pricier offshore debt
Chinese property firms facing a wave of maturing debt will raise funds on the mainland to refinance their offshore…
Egypt’s CBE governor: funds to be increased to $57bn
Central Bank of Egypt (CBE) plans for the banks operating in the country to increase funds to 1 trillion Egyptian…
Egypt needs more private investments in infrastructure: WB
More private investments in infrastructure are needed in Egypt to free up public funds for investments in…
Egypt allocates 6.4 bln pounds for health, railways and other services
Egypt's Finance Minister Mohamed Mait has approved an urgent financial allocation worth 6.4 billion pounds for…
Banque du Caire eyes real estate portfolio up to $95mn at year-end
Egypt-based Banque du Caire says it is planning to increase real estate portfolio to 1.7 billion Egyptian pounds…
Egypt’s FM Shoukry calls for strategy to protect UNRWA from financial crisis
Egyptian Foreign Minister Sameh Shoukry called for developing a "sustainable" strategy to prevent a recurring…
Rasmala Egypt to launch two new funds to increase AUMs
Asset management firm, Rasmala Egypt seeks to launch two new funds in the Egyptian market during the next four…
Egypt’s stock exchange mulls restructuring of indices
The Egyptian Exchange’s (EGX) board of director is looking to restructure the main indices of the stock market.
Egypt’s NBE bank OKs 3 bln pounds funds to mortgage finance initiative
National Bank of Egypt (NBE), the country’s largest state lender, has approved financing requests for around 3,000…
Egypt’s Amlak to inject 350 mln pounds funds this year
Egypt’s Amlak Finance and Real Estate Investment Company plans to pump funding worth 350 million Egyptian pounds…
Egypt’s state-run banks to release high-yield deposit certificates issued in 2016
Egypt's state banks said they will start releasing this month the funds of clients who invested in high-yield…
Switzerland returns $34 mln of Ahmed Ezz’s frozen funds to Egypt
Switzerland has returned CHF 32 million ($34 million) of businessman Ahmed Ezz’s frozen assets to Egypt last…
Global Lease to inject funds of 1 bln during 2018
Global Lease Company aims to pump funds 1 billion Egyptian pounds ($56 billion) during 2018, the company CEO Hatem…
BM Leasing seeks to pump funds of 1 bln pounds in 2018
BM for Financial Leasing (BM Lease) aims to pump funds in the market of 1 billion Egyptian pounds ($56 billion)…
RBS to pay $125M to settle California mortgage bond claims
Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while…
Egypt to receive funds and grants worth $25.5 bln at end-2017
The total funds and grants Egypt that has received from development partners at the end of the financial year…
Egypt to receive $87bn loan for two solar power plants in Egypt’s Benban
Egyptian renewable energy developer Infinity Solar Energy and international solar developer IB Vogt, GmbH,…
Egypt c.bank to double mortgage finance initiative to 20bn pounds
The Central Bank of Egypt (CBE) has decided to double the funds allocated or mortgage finance initiative to 20…
Tough choice for Trump if Congress refuses border wall financing
President Donald Trump is unlikely to win congressional support for funds he wants for a proposed U.S.-Mexico…
Germany to help fund job training, improve refugee facilities in Egypt
According to an agreement signed by Egypt and Germany in Berlin on Sunday, Germany will provide Egypt with more…
CBE Egypt caps pilgrims cash to $10,000
Central Bank of Egypt (CBE) has set the limit of portable funds per capita during the performance of the Hajj rites…
Daily News Egypt to be taken over by state-run newspaper, follows asset freeze
The State-run committee assigned to seizing funds and assets of Muslim Brotherhood affiliated members, decided on…
China central bank told by Xi to play bigger role in managing financial risk
China's central bank will take on a bigger role in macro-prudential management and in averting systemic risk in…
Financial crisis over, 2018 to witness boom: Egypt’s CBE governor
The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank of Egypt (CBE) Tarek Amer.…
Egypt in $750 mln debt payout to oil firms
Egypt is to make a debt payment of $750 million to international oil companies on June 1, Central Bank Governor…
Central bank of Egypt to cancel $100,000 limit on individual bank transfers
Egypt’s central bank governor Tarek Amer said yesterday the central bank would soon cancel a $100,000 limit on…
Pharmaceutical employees arrested for obtaining 9mn Egyptian pounds in medicines
The State Funds Prosecution arrested on Monday the head of sales and marketing at a pharmaceutical company,…
Trump’s push to fund wall may be delayed as government shutdown looms
U.S. President Donald Trump indicated an openness on Monday to delaying his push to secure funds for his promised…
Gold prices jump on Europe political risk
Gold prices inched up on Monday on safe-haven demand ahead of elections in Europe, moving further away from five…
Cairo court orders arrest of steel tycoon Ezz on corruption charges
A Cairo Criminal court has ordered the arrest of Egyptian steel tycoon Ahmed Ezz and former chairman of the…
Le Pen could win election in France, warns Francois Hollande
Far-right leader Marine Le Pen could win the forthcoming presidential election in France, President Francois…
France’s Le Pen refuses to be questioned by judges in EU jobs affair
French far-right leader Marine Le Pen refused to attend a summons by judges over allegations of misuse of European…
Dollar prices up earlier gains after Yellen comments
U.S. dollar gave up earlier gains after Federal Reserve Chairwoman Janet Yellen dropped a hint Friday that an…
U.S. stocks rises for the week, Yellen puts March rate hike
Stocks posted weekly gains Friday, while Federal Reserve Chair Janet Yellen put an exclamation point on the…
French ex-President Nicolas Sarkozy ordered to stand trial
A French judge has ordered ex-President Nicolas Sarkozy to stand trial in an illegal campaign finance case. Mr…
Wall St economists doubtful Fed will deliver on rate rises
The Federal Reserve will wait six months before raising interest rates again, according to a survey of top…