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Royal Bank of Scotland plans rebranding, cutting investment-banking business
16 - Sun - Feb - 2020
Royal Bank of Scotland plans rebranding, cutting investment-banking business
Royal Bank of Scotland Group (RBS) has unveiled plans to change its name to NatWest Group, according to MarektWatch.com.The group also announced that it will reduce the size of its NatWest Markets investment-banking business by around 50%.“This applies to parts of our NatWest Markets business,…
Egypt’s unemployment rate hits 8% in Q4-19
16 - Sun - Feb - 2020
Egypt’s unemployment rate hits 8% in Q4-19
Egypt’s unemployment rate recorded 8% during the fourth quarter of 2019, compared to 7.8% in the third quarter, declining by 0.9% year-on-year.Total manpower increased to 28.95 million in Q4-19, from 28.406 million in Q3-19, according to data from the Central Agency for Public Mobilization and…
Egypt to complete 13 industrial complexes
16 - Sun - Feb - 2020
Egypt to complete 13 industrial complexes
The Egyptian government is building 13 industrial complexes housing 4,500 factories, Egypt’s trade and industry minister Neven Gamee stated on Saturday.The trade ministry is keen on identifying all challenges facing the industrial sector and finding effective solutions for them, Gamee said.​​​​​​​Gamee added that the ministry…
Egypt accomplishing 2nd phase of economic reform programme
16 - Sun - Feb - 2020
Egypt accomplishing 2nd phase of economic reform programme
Egypt has successfully completed the first phase of the economic reform programme during the last three years, Egyptian finance minister Mohamed Maait stated on Thursday.The North African country is currently working on the second phase of the programme which includes organisational reforms to promote the economy’s…
Egypt sells EGP 20.5bn T-bills on Thursday
16 - Sun - Feb - 2020
Egypt sells EGP 20.5bn T-bills on Thursday
The Central Bank of Egypt (CBE) on Thursday announced the sale of treasury bills (T-bills) worth EGP 20.5 billion.The sale included 182-day notes worth EGP 10 billion at a yield ranging between 13.5% and 14.13%.​​​​​​​The CBE also sold 364-day notes valued at EGP 10.5 billion…