The World Bank has recently provided funding worth $4 billion in Egypt’s energy sector, Egyptian Investment Minister …
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Banks news
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Banks
Australia’s central bank keeps rate at record low for 14th month in a row
by Yomna Yasserby Yomna YasserAustralia’s central bank left Tuesday its cash rate at 1.5 percent, a widely expected decision given policy …
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Banks
AfDB delegation in Egypt ahead of review for final loan payout
by Yomna Yasserby Yomna YasserA high-level delegation from the African Development Bank (AfDB) has arrived in Egypt to prepare for a …
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Banks
Egypt’s foreign reserves at new high, hit $36.53 bln at end-Sept
by Yomna Yasserby Yomna YasserEgypt’s foreign reserves rose to $36.534 billion at the end of September from $36.143 billion at the …
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U.S. Federal Reserve policy makers are embarking on a subtle shift in strategy with potentially big implications …
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Banks
Japan business mood reaches decade-high, BOJ tankan survey shows
by Yomna Yasserby Yomna YasserBig manufacturers have more confidence in Japan’s business conditions than they have had for a decade as …
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Banks
Faisal Islamic Bank raises $300 million since Egypt pound float
by Yomna Yasserby Yomna YasserEgypt’s Faisal Islamic Bank has collected around $300 million since the central bank floated the pound currency …
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Egypt’s banks made 62 billion Egyptian pounds ($3.5 billion) in net profit at the end of 2016 …
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Banks
EBRD considers investing $200 mln for Egypt energy efficiency project
by Yomna Yasserby Yomna YasserThe European Bank for Reconstruction and Development (EBRD) is looking to lend the state-run Egyptian Natural Gas …
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Banks
Banque Misr has provided $6 bln to fund trade since pound float: official
by Yomna Yasserby Yomna YasserEgypt’s second largest state-owned lender, Banque Misr has provided $6 billion to fund trade since the country …