Deutsche Bank to trim business in Russia
Germany's biggest bank has announced it would close its onshore corporate banking and securities business in Russia amid a strategy change aimed at reducing complexity, costs, risks and capital consumption.…
German filmmakers grab gold, silver and bronze at student Oscars
These three directors from Germany were selected among a record number of submissions, coming from 93 foreign film schools. The winner of the Best Foreign Film directed his movie amidst…
US Fed rate decision keeps markets volatile
Asian shares have rallied on relief that the US Fed held off on raising interest rates. But renewed concerns about the health of the global economy have caused equities' trading…
US stocks volatile after Fed keeps rate steady
US stock markets swung between big gains and losses after the Fed kept interest rates near zero. Investors struggled to decide how to interpret the decision and what it means…
Opinion: Fed regulators are afraid of their own courage
The Fed continues to hold off on turning around interest rates. The decision is the right one because it is based on economic reality and it helps many emerging economies,…
With Google calling for donations, should global tech firms do more to help refugees?
As you tweet away, sharing images and thoughts about Europe's refugee crisis, spare a thought for multinational tech firms, and ask yourself: what have they ever done? Let's start by…
Palm Hills wins ‘best residential project award’ in Egypt Cityscape Awards ceremony 2015
Real estate company Palm Hills Developments have been awarded the coveted ‘Residential Project of the Year’ at this year’s Cityscape Awards for Real Estate in Egypt. Palm Hills won the…
Only 18% of residents in the Arab region deal with financial institutions: Barakat
Only 18% of the residents in the Arab region have accounts in financial institutions, compared to 43% in developing countries generally, and 24% in the sub-Sahara African countries, said Mohamed…
CBE studies creating guideline directory for micro-finance
The Central Bank of Egypt (CBE) is currently studying creating a guideline directory to support banks wishing to get into micro-finance activities, said Tarek El Kholy, Deputy Governor for Risk…
Number of banking consumers in Egypt does not exceed 11 million: El-Etreby
The number of banking consumers in Egypt ranges between 10 million to 11 million persons, against about 54 million citizens who have the right to vote, said Mohamed El-Etreby, Chairman…