Egypt has paid off the $200 million final instalment of a $1 billion loan it secured from …
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Banks
Bank Audi Egypt raises $1.2 billion since pound float decision
by Yomna Yasserby Yomna YasserBank Audi SAE, Egypt’s eighth largest commercial bank and the Egyptian arm of Lebanon’s Bank Audi, has …
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The National Bank of Kuwait-Egypt made 1.160 billion Egyptian pounds ($65.8 million) in profits in the first …
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Banks
China’s c.bank chief calls Beijing to promote equity, cut debt, eliminate ‘zombie’ companies
by Yomna Yasserby Yomna YasserChina’s central bank chief spelled out his strategy to prevent a future financial crisis, urging broadened equity …
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Banks
Egypt pays off by floating local currency in economic reform – experts
by Yomna Yasserby Yomna YasserThe relative growth of foreign investment and the sharp decline of foreign exchange black market are among …
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Banks
Suez Canal Bank has provided $300 mln to fund trade since currency float
by Yomna Yasserby Yomna YasserEgypt’s Suez Canal Bank has provided around 300 million to fund trade since the country floated its …
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Banks
Egypt’s two largest state banks raise $23 bln since pound float decision
by Yomna Yasserby Yomna YasserNational Bank of Egypt (NBE) and Banque Misr, the country’s largest state banks, have collected around $23 …
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Banks
Anniversary of Egypt pound floating has lessons for currency baby-sitters
by Yomna Yasserby Yomna YasserEgypt’s transition from a struggling economy to one of Africa’s revival stories throughout 12 straight months is …
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Banks
Egypt government spent $5.65bn over-budget in 2016-17 due to currency float
by Yomna Yasserby Yomna YasserEgypt’s government spent over 100 billion Egyptian pounds ($5.65 billion) more than it planned to in the …
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Banks
Egyptian banks’ foreign reserves rose by $10 billion since currency float: Amer
by Yomna Yasserby Yomna YasserEgyptian banks’ foreign exchange reserves have risen by $10 billion since Egypt took the dramatic step of …