Egypt’s Minister of Finance, Mohamed Maait has commented on Fitch’s decision to downgrade Egypt from B+ to …
Tag:
coronavirus pandemic
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BanksFeatureInternational NewsNews
World Bank cuts 2023 economic growth forecasts to 1.7%
by Nada Aliby Nada AliThe World Bank (WB) slashed its growth forecasts for most countries and regions to 1.7 percent for …
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BanksEgypt NewsFeatureFinancial InstitutionsNewsTech/AI
UAB: Egypt has 3rd best banking system in Arab world as for assets, deposits, loans
by Nada Aliby Nada AliThe Union of Arab Banks (UAB) said that Egypt has third best banking system in Arab world …
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BanksEgypt NewsFeatureFinancial InstitutionsIndustry & TradeMoneyNewsTech/AI
Around $35 billion ‘hot money’ left Egypt since pandemic – minister
Egypt’s Finance Minister Mohamed Maait said on Sunday that around $35 billion in short-term investment “hot money” …
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Egypt NewsFeatureFinancial InstitutionsMoneyNews
Egypt’s economy grew 9.8% in Q1 FY2021-22, highest in two decades – Cabinet
Egypt’s economy grew by 9.8 percent in the first quarter of the financial year 2021-2022, the highest …
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Egypt’s President Abdel Fattah al-Sisi directed on Wednesday that all precautionary measures be taken to protect students …
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Financial InstitutionsMoney
African Reinsurance distributes $3.3mn to fight against coronavirus in Africa
African Reinsurance Corporation (Africa Re) has decided to distribute $3.3. million to support the fight against coronavirus …
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FeatureFinancial InstitutionsMoney
Egyptian insurance sector’s premiums likely to fall 15% in FY21 due to coronavius
The premiums of Egypt’s insurance sector is expected to decline between 15-20 percent within the 2020/2021 financial …
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Tesla Inc cut the price of its sport utility vehicle Model Y by $3,000, just four months …
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Asia Pacific shares were mixed on Wednesday as concerns surrounding the coronavirus pandemic continued to linger.
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