Bloomberg
Egypt’s deposit and lending interest rates declines by 1.5 percent: Report
Business
September 1, 2019
Egypt’s deposit and lending interest rates declines by 1.5 percent: Report
The Cabinet’s Media Center highlighted an infographic report on Sunday showing that the Central Bank of Egypt (CBE) has reduced…
Former UBS banker to represent Qatar on Deutsche supervisory board: sources
Middle East
August 12, 2019
Former UBS banker to represent Qatar on Deutsche supervisory board: sources
FRANKFURT (Reuters) – Juerg Zeltner, a former UBS (UBSG.S) manager, is set to become a member of Deutsche Bank’s (DBKGn.DE)…
Infographic: Egypt’s net foreign reserves up to $44.4 billion
Egypt
July 28, 2019
Infographic: Egypt’s net foreign reserves up to $44.4 billion
Egypt’s Cabinet announced in an infographic on Saturday that the country’s net foreign reserves have risen from US$20.01 billion in…
Egyptian pound sees one of fastest currency increases worldwide this year: Cabinet
Business
July 21, 2019
Egyptian pound sees one of fastest currency increases worldwide this year: Cabinet
Egypt’s Cabinet published on Sunday an infographic on the exchange rates of foreign currencies against the Egyptian pound from January…
Bloomberg: Egypt ranks second in 21 emerging economies worldwide
Business
June 17, 2019
Bloomberg: Egypt ranks second in 21 emerging economies worldwide
Bloomberg has listed Egypt’s economy as amongst the most flexible emerging economies in the face of threats of the global…
Egyptian-American Mohamed El-Erian appointed the new president of Queen’s College Cambridge
Egypt
May 29, 2019
Egyptian-American Mohamed El-Erian appointed the new president of Queen’s College Cambridge
Chief economic advisor at Allianz SE since 2000, Mohamed El-Erian of Egyptian heritage has been selected to head University of…
Egypt considers international bids to purchase 3 power plants
Business
May 28, 2019
Egypt considers international bids to purchase 3 power plants
Egypt is considering bids from Zarou, one of the companies owned by US investment firm Blackstone, and Malaysian company Edra…
Saudi miner Ma’aden considers $5 billion rights issue: sources, media
Middle East
May 27, 2019
Saudi miner Ma’aden considers $5 billion rights issue: sources, media
DUBAI (Reuters) – Saudi Arabian Mining Co (Ma’aden) is working with HSBC on a possible rights issue, two sources familiar…
Bloomberg reveals Uber’s plan to acquire rival Careem
Egypt
March 25, 2019
Bloomberg reveals Uber’s plan to acquire rival Careem
Uber, the ride-hailing giant, is currently working on a deal to buy out its Middle East rival Careem for US$1.4…
Egypt stock market among best 2019 performers: Bloomberg
Business
March 4, 2019
Egypt stock market among best 2019 performers: Bloomberg
The Egyptian stock market is among the most profitable markets in the Middle East since the beginning of this year, Bloomberg…