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Egypt banks under fire for alleged funds smuggling

By Nasser Youssef and Mahmoud Sheneshan An investigative report conducted by the BBC hinted at the involvement of the Egyptian banking system in transferring funds abroad for figures of toppled Egyptian president Hosni Mubarak’s regime. The report said that part of the funds were smuggled abroad by banks that were not subject to the supervision …

Daily News Egypt

Qatar builds yield curve with T-bill issues

By Mala Pancholia and Rachna Uppal /Reuters DUBAI: Qatar’s decision to expand its issues of Treasury bills is succeeding in draining excess liquidity from the banking system, but it also appears to have another, long-term policy purpose: building a complete Qatari riyal yield curve. That could have several benefits for the emirate, helping it fund …

DNE

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