Egypt will offer its citizens living outside the country $2 billion in three- and five-year certificates of deposit (CDs) within one or two weeks, the finance minister said on Wednesday.
Iranian rice importers could open letters of credit in Indian rupees to pay for Indian rice this week, the president of the All India Rice Exporters Association said on Wednesday.
Kuwait's Burgan Bank has reached a deal to buy a 70 per cent stake in Turkey's Eurobank Tekfen, a partnership of Greece's EFG Eurobank and Turkey's Tekfen Holding, sources with knowledge of the deal s
Turkey's Central Bank made a surprise 100 basis point cut in its overnight lending rate on Tuesday, pointing to an easing of problems over its weak lira and surging current account deficit for giving
Russian traders will export grain to Iran until Russia decides whether to ban sales in line with US and European sanctions on Iran, an Agriculture Ministry official said on Wednesday.
State-controlled Saudi Arabian Mining Co (Maaden) plans to invest 21 billion riyals ($5.6bn) in a phosphate project as part of a new industrial city in the country's north, the company's chief executi
Ahli United Bank, Bahrain's largest lender, posted a 9.2 per cent rise in fourth-quarter net profit, as provisioning dropped while deposits and loans grew, the bank said on Tuesday.
Saudi Arabia's regulator adjusted stock ownership guidelines in a bid to boost transparency on Tuesday, as the Middle East's biggest bourse takes steps toward opening up to direct foreign investment.
Egypt's central bank said it sold more one-year US-dollar-denominated treasury bills on Tuesday than it had sought and that the average yield had fallen to its lowest since the instrument was introduc
Egypt plans to offer US-dollar certificates of deposit (CD) to Egyptians living abroad at the beginning of March to help it raise foreign currency, al-Borsa newspaper on Tuesday quoted Finance Ministe
