Foreign direct investment in Egypt rose to $7.9 billion in the 2016-17 financial year that ended last …
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Banks news
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Banks
Qatar’s deposit outflows slow in September as sanctions impact starts to fade
by Yomna Yasserby Yomna YasserOutflows of deposits from Qatar’s banking system slowed during September as the impact of sanctions imposed by …
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Banks
Saudi Prince Alwaleed says bitcoin will implode: ‘Enron in the making’
by Yomna Yasserby Yomna YasserSaudi billionaire investor Prince Alwaleed bin Talal said on Monday that bitcoin would “implode” one day. “It …
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Banks
Russia’s interest in bitcoin is overestimated: VTB International chief
by Yomna Yasserby Yomna YasserRussia’s appetite for bitcoin has been overblown by the media, the head of Russian bank VTB International …
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Egypt’s second-largest state-run bank, Banque Misr, has opened a representative office in Moscow to facilitate Egyptian investments …
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The informal economy makes up between 50 percent and 70 percent of Egypt’s GDP, the head of …
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Qatar National Bank’s financing for small and medium-sized businesses in Egypt is currently worth around 17.2 billion …
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Banks
Egypt’s Export Development Bank to sign Afreximbank $500 mln deal in days
by Yomna Yasserby Yomna YasserChairperson of Egypt’s Export Development Bank (EDBE) expects her bank will sign a $500 million financing facility …
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Banks
National Bank of Egypt attracts one million clients from CDs in one year
by Yomna Yasserby Yomna YasserNational Bank of Egypt (NBE), the country’s largest state bank, says it has received around 360 billion …
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Banks
Cryptocurrencies ‘not mature enough’ to assess impact; says Saudi regulator
by Yomna Yasserby Yomna YasserCryptocurrencies are “not mature enough” yet to assess the impact they could have on regulation and the …