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The Latest Breaking News from NBE

Ethiopia Currency Slides As Central Bank Eases Forex Curbs

Ethiopia's central bank announced on Monday that it was easing curbs on its foreign exchange regime, a move which saw the value of the local currency slide by about 30 percent.

International Business Times

Neil Brown obituary: Leading engine builder dies aged 74

Few can match the record of his Lincolnshire-based Neil Brown Engineering company, which built engines that were victorious in European and British Formula Ford 2000 in the 1980s, via domination in British Formula 3, a host of DTM and British Touring Car Championship title successes, to servicing the spec engines…

Autosport

Fitch: Egyptian Banks’ Capital Ratios Can Withstand Further EGP Depreciation

Fitch Ratings lauded the agreement between the Egyptian government and the International Monetary Fund (IMF) in which Egypt secures a $3 billion loan over 46 months. Fitch Ratings added also said that Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation as they are supported by healthy internal…

Asharq Al-Awsat

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