Livingstone said that most experts expect a sharper recovery in the Middle East region in 2021, which is slowing down somewhat. Citi believes that the global recovery may also shift over time.
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Country has taken proactive measures to combat economic repercussions of COVID-19, say Citigroup leaders
Private sector should support public sector, government, to generate more revenue
Dubai- Egypt is on the right track, according to David Cowan, Africa economist at Citigroup. “After around five years of an economic slowdown in Egypt, the economic indicators started to rise up”, he told Daily News Egypt in an interview on the side-lines of the summit. He explained that not only Egypt is on the real …
Citigroup, investment banking company, announced on Monday the appointment of Mohamed Abdel Kader as the Citi country officer (CCO) for Egypt. The group said that Abdel Kader’s appointment is a reflection of the group’s commitment to support and appoint local talent to senior roles. Abdel Kader will report to Nadir Shaikh, who will continue in …
Africa had registered the lowest growth rate since 1994 in 2016 because of the mess in the 3 big economies, Egypt, Nigeria and South Africa
The fourth EMEA (Europe Middle East Africa) summit began on Monday in London. This summit, held for two days, focused on the innovation and fintech (financial of technology) this year, which is the future of financial transactions in the upcoming years. Daily News Egypt was there and covered the two-days session of the conference. The …
Applicants include CIB, Abu Dhabi Islamic Bank, Emirates NBD and Mashreq Bank
In an interview with Citigroup Egypt’s Chief Executive Officer, Nadir Sheikh, Daily News Egypt looks into the bank’s plans for the Egyptian market.
Vice president denies 9 banks have offered purchase
International finance company will, however, keep institutional client business
(Reuters) – Major ratings downgrades by Moody’s will further divide the world’s biggest banks based on their strength and access to cheap customer deposits. The ratings, released Thursday by Moody’s Investors Service, gave a competitive advantage to “safe-haven” banks that fund themselves with stable, low-cost customer deposits, while worsening the outlook for weaker banks that …