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Net foreign assets dip to USD 17.9 bn in August
Commercial banks saw their net foreign assets’ surplus narrowing to USD 7.3 bn in August, from USD 10.0 bn a…
Net foreign assets narrow for first time in three months
Good afternoon, friends, and congratulations on making it to the end of the week. We’re in for a hot weekend,…
EBank appoints Mohamed Shawky as deputy CEO
The Export Development Bank of Egypt (EBank) appointed Mohamed Shawky (LinkedIn) as its new deputy CEO, according to a statement…
My Morning Routine: Ahmed Shehab, Egypt country head and managing director at Deutsche Bank
My morning routine is very structured — German culture has rubbed off on me after so many years at Deutsche…
Foreign reserves increase to USD 49.3 bn in August
PLUS- Rock Steel wants to set up a new EGP 1.5 bn factory in Beni Suef, producing a specific type…
EONS unveils New Cairo development with initial investments of EGP 10 bn
PLUS- CBE allows banks to establish service units outside traditional branches
Net foreign assets hit fresh high of USD 18.5 bn in July
Commercial banks’ net foreign assets recorded a surplus of USD 7.99 bn in July
Egyptians among 1k wealthy clients facing discontinued service from HSBC’s Swiss private bank
The bank is reportedly looking to lower its exposure to high-risk clients
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