For a Cairo University Professor of financing and investment Mostafa Badra’s perspective is that all concerned bodies do not deal with this important step as it deserves. They have acted slowly since President Abdel Fattah Al-Sisi announced the establishment of the new fund in August. “For investment, time is money. Every delay in taking real …
Latest in Highlight
International institutions should review frameworks of combating money laundering
Spending on fast food increasingly growing, linked to higher obesity rates
Xpress Money for money transfer services witnessed a 12% growth in its global operations in 2016, propelled by customer loyalty and a strong agent network, according to a statement by the company. Xpress Money said in a statement issued on Sunday that it “saw its traditional remittance corridors linking outward remitting countries in the Gulf …
Over the last few months the Congolese franc has dropped significantly against the US dollar. On the streets of Kinshasa, one visible sign of choppy currency fluctuations is the return of the money changers.
Developing countries in Asia require huge sums of money to develop their infrastructure. The money’s there, yet investors are still reluctant. DW’s Andreas Becker reports from the ADB’s annual meeting in Frankfurt.
Shrinking bank investment in investment funds, lowering maximum level of loans’ amounts can be granted for one customer, directing them toward SMEs
Fixed Internet acquires 7% of company’s profits
Demonstrations outside Yemeni embassy in Cairo appealing for safe passage, support
By Bjørn Lomborg If we think about development priorities for the next 15 years – with the Millennium Development Goals expiring in 2015 – adequate nutrition and basic education immediately come to mind. Illicit financial flows (IFF) would not be top priority, but in a paper for Copenhagen Consensus Center think tank economist Alex Cobham …
Rashid Mohamed Rashid and his daughter, who were referred to criminal court in March, were facing charges of smuggling EGP 500m to Cyprus
By Philip Whitfield Sing along: Money, money, money must be funny in the rich man’s world. Money, money, money: always sunny in the rich man’s world. ABBA’s chart-topper. Here’s the 64-million-dollar question: Where will the money come from to save Egypt? A clue: The man with the plan worked his wizardry in China, Russia, South …
Daily News Egypt sat down with the company’s CEO, Ramez Mohamed, to discuss its operations, challenges to start-ups and investors in Egypt, and future vision.
The decision implements a 2013 court ruling ordering the banning of Muslim Brotherhood and confiscating its capital
Nigeria produces about two million barrels of oil per day, and crude exports account for about 80 percent of government revenue.
Workers say their demands have not been met and protest outside the cabinet
The three mobile operators made proposals to CBE to collaborate on bettering cash transfer services
Geochemist Mel Lintern said it appeared the trees sucked up the gold particles from 30 metres (100 feet) below the ground through their roots.
The U.S. State Department announced on Wednesday that it would halt the delivery of large-scale military systems and cash assistance to Egypt’s government. It said “credible progress” must be made towards free and fair elections. US State Department spokeswoman Jen Psaki said the United States is “recalibrating” its military aid to Egypt. While State Department did …
Prosecutor General freezes funds of Brotherhood’s supreme guide and other leading Islamist figures
Egypt’s Central Bank decided to keep overnight deposit and lending rates unchanged at 9.75% and 10.75%, respectfully
The IMF said this month that it expected growth in the largest Arab economy to drop to 4.4% in 2013 from 6.8% last year
Further taxes are expected
French company granted rights to install electric signals at an estimated cost of $270m
Group will discuss ways to repatriate Egyptian assets abroad
Al Rajhi has invested large amounts in its electronic infrastructure in order to ensure its ability to continue providing products and services to clients that save them time when undergoing financial transactions online