HSBC
The bank stressed that the pound’s adjustment is simply part of a wider transition by the government toward a more flexible exchange rate regime
A grant from HSBC will enable INJAZ Egypt and the JA Worldwide network to engage more students in the learning experience and to launch the program in four more countries: Oman, Turkey, Thailand, and Vietnam.
Businesses in Egypt voted HSBC as the 1st Market Leader in Trade Finance Services according to Euromoney’s 2019 Trade Finance Survey results.
The size of British investments in Egypt is $5.6 billion.
Two of the sources said the loan was being requested by Petroleum Export Limited (PEL), a special purpose vehicle used by EGPC, Egypt’s national oil company, to raise several loans in the past.
Saudi Arabia has accelerated steps to resolve a $22-billion debt dispute that is seen by investors as a litmus test of Crown Prince Mohammed bin Salman’s commitment to reforms.
The banks are J.P. Morgan, Morgan Stanley, Citibank, HSBC and National Bank of Abu Dhabi.
HSBC economic experts said the tough measures taken by the Central Bank of Egypt (CBE) was issued have rescued the Egyptian economy.
Dustin Johnson nailed four birdies in his last four holes to seize a one-shot lead at the halfway stage of the $9.75 million WGC-HSBC Champions in Shanghai.
Sahar Nasr signed on Friday a memorandum of understanding with Deputy Chairman and Chief Executive Officer of HSBC.
Deutsche Bank has reached a $220 million settlement with 44 states and the District of Columbia who say the German lender manipulated interest rates.
The US dollar exchange rate was relatively stable during morning transactions at major banks on Sunday.
A wrap-up for the most prominent news circulated during the day.
A wrap-up for the most prominent business news of the day.
The U.S. Federal Reserve fined HSBC Holdings PLC $175 million on Friday for “unsafe and unsound practices” in its foreign exchange trading business.
The agreement was signed between both parties in July 2016, involving developing the substations in New Cairo, Beni Suef, Dakahlia and Ismailia.
HSBC is planning to add staff to its Saudi Arabian operations as the kingdom embarks on one of the biggest economic transformations attempted by any country.
HSBC is looking forward to expand investments in the Egyptian energy sector, to link Egypt with the global economy.
After six years of economic challenges, Egypt’s international foreign reserves hit record high in July, standing at $36.04 billion.
A wrap-up for the most prominent news circulated during the day.
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