Deutsche Bank plans sweeping restructure
German lending giant Deutsche Bank has announced a top-level streamlining of its business. The beleaguered bank has been plagued by litigation amid an interest rate-rigging scandal. Scandal-ridden Deutsche Bank AG,…
Contracting sector seeks banking assistance to implement major national projects
Banks are rejecting the issuance of letters of guarantee if projects belong to the Sinai region and the Suez Canal area, says Daker Abdellah
Bank deposits increase by over EGP 39bn in July, loans by EGP 8.2bn: CBE
According to CBE, the total deposits growth rate of banks in July was about 18.5%. The growth rate of deposits in EGP amounted to about 19.5%, while the growth rate…
Judges in Dokki/Agouza district wary of media attention
An important pillar of the electoral process, members of the judicial sector criticise voters’ lack of knowledge, praise security despite reported threats
Dollar loan partly allocated to repay foreign petroleum partners
We regularly repay the monthly bill of the partners' share of oil and gas, says petroleum minister
Candidates’ supporters and discreet campaigning in polling stations
Campaigning team was able to handout some printed advertisements to voters during elections
Voters ask: Who to vote for and how to avoid Muslim Brotherhood candidates?
An elderly woman raised her voice in the polling station asking: “Where is the ‘For the Love of Egypt’ list?” The judge answered it's not his job to tell…
Violence spirals in Turkey’s Kurdish southeast
As Turkey prepares to vote, municipalities in the predominantly Kurdish southeast have become the battlefields of a low-intensity war between soldiers and guerrillas. Locals say the region is sliding further…
Dollar price to break EGP 8 barrier in banks for first time
Price reaches EGP 8.40 in black market, which is in complete paralysis in anticipation of the central bank's next steps