IMF support has played an important role in reducing external liquidity risks, medium-term default risks in Egypt, …
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Financial Institution
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Financial Institutions
Saudi Monetary Agency loans may ease banks liquidity squeeze:Fitch
by aya salahby aya salahThe Saudi Arabia Monetary Agency’s decision on 31 July to extend SAR15bn (USD4bn) of one-year loans to …
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As a step towards improving the efficiency of financial services and non-banking activities, the CEO of EFG …
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Financial Institutions
Morgan Stanley forewarns currency traders worst to come for Dollar
by aya salahby aya salahThe dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t …
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Financial Institutions
Egypt’s Paradigm Invest concludes 3 deals in favour of Arab investors
by aya salahby aya salahParadigm Invest Financial Consultation, an economic consulting firm, will conclude three new deals in the Egyptian market …
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Financial Institutions
IMF admits blindly backing Euro project, apologises for the immolation of Greece
by aya salahby aya salahThe International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in …
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Financial Institutions
Moody’s places Turkey’s debt ratings on review for downgrade
by aya salahby aya salahMoody’s Investors Service placed Turkey’s Baa3 issuer and bond ratings on review for downgrade, citing the need …
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Financial Institutions
Abu Dhabi eyes merger of sovereign funds Mubadala and IPIC
by aya salahby aya salahAbu Dhabi plans to merge two of its largest sovereign investments funds as the sheikhdom pursues consolidation …
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Financial Institutions
Egyptian asset manager Beltone Financial to buy NYC brokerage firm
by aya salahby aya salahBeltone Financial, Egypt’s largest asset manager, signed an agreement to acquire 51 percent of New York-based brokerage …
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Financial Institutions
S&P says Japan sales tax hike delay makes ‘some sense’
by Noha Gadby Noha GadDelaying a sales tax increase in Japan scheduled for April next year makes “some sense” because the …