Banque Misr News
-
Egypt’s local-currency borrowing costs surged the most in three months after Moody’s Investors Service cut ratings of local banks due to their exposure to government debt and the central bank raised interest rates.
-
Egypt’s borrowing costs are set to drop as the slowest loan growth three years amid escalating political turmoil prompts banks to park funds in government notes, the Middle East’s top money markets fund manager said.
-
Egypt’s state-run Banque Misr is holding talks with Saudi investors to sell its 2 percent stake in Samba Financial Group , Asharq al-Awsat newspaper said, citing the bank’s Deputy Chairman Mohammad Abbas Fayed.
-
Egypt will seek bids for 5.5 billion Egyptian pounds ($819 million) of treasury bills today after reducing long-term debt sales to less than 10 percent of its fund raising target.
-
Majid Al Futtaim Holding LLC plans to proceed with expansion across some of the most troubled countries of the Middle East, tapping the rising disposable income of the region’s growing population.
-
Egypt plans to sell about 60 percent more government bonds next quarter after political unrest prompted authorities to delay an International Monetary Fund loan regarded as crucial to regaining investor confidence.
-
Egypt’s banks may risk a surge in customer withdrawals when they open for business, placing them among companies worst hit by the nationwide uprising against President Hosni Mubarak .
-
Egypt paid record borrowing costs and missed its Treasury-bill fund-raising target as deadly clashes this week prompted Standard & Poor’s to cut its credit rating for a fourth time this year.
-
Middle East shares dropped, sending Dubai’s index down the most in eight months, amid ongoing protests demanding the ouster of Egyptian President Hosni Mubarak . Israeli stocks and bonds declined.
-
Sidi Kerir Petrochemicals Co. and two Egyptian government companies are investing 7 billion Egyptian pounds ($1.18 billion) in an ethylene venture.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page