Egypt's Bold Move
Even as the Egyptian Government looks to revive the country's economy, it has turned down the International Monetary Fund (IMF)'s stand-by agreement. A bold move no doubt, but was it a populist decision or purely a financial one?
Source: Zawya
-
Shanghai moves up in global financial centre ranking
SHANGHAI, July 8 (Bernama) -- China's economic hub Shanghai ranks as the sixth most competitive financial centre worldwide, up from the eighth last year, according to the Xinhua-Dow Jones International...
-
* Egypt Can Last A Year Without IMF, World Bank Aid -Finance Min
ABU DHABI (Zawya Dow Jones)--Egypt is seeking 14 billion Egyptian pounds ($2.34 billion) in financial aid from Arab countries to help cover its budget deficit, but the country can last about a year...
-
UPDATE: Egypt Seeks EGP14B From Arab Nations To Help Cover Deficit
(Adds background throughout.) ABU DHABI (Zawya Dow Jones)--Egypt is seeking 14 billion Egyptian pounds ($2.34 billion) in financial aid from Arab countries, which should be sufficient to cover its budget...
-
Uganda: Standard Bank in Move to Counter Mobile Money
The advent of mobile money has transformed telecom companies into financial institutions.
-
Foreign policy will affect Egypt's economic future
Western financial support to the budding "democracy" in Egypt so far has been tentative.
-
JPMorgan Splits Retail Unit Among Executives as Scharf Moves On
JPMorgan Chase & Co. split retail banking head Charles Scharf’s duties among three executives and ousted its mortgage chief in a management shuffle at the second- largest U.S. bank.
-
UBS banking giant may move to NY
Banking giant UBS has reduced their workforce in Stamford from about four thousand to about three thousand, and they may not be finished.