finance

Euro holds three-year highs as dollar weakens further
Business

Euro holds three-year highs as dollar weakens further

The euro held at three-year highs against the dollar on Monday after last week’s surge, its rise fueled by growing…
South Korea plans to ban cryptocurrency trading, rattles market
World

South Korea plans to ban cryptocurrency trading, rattles market

South Korea’s government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual…
Brexit caused 37 percent fall in new London financial jobs in December – report
World

Brexit caused 37 percent fall in new London financial jobs in December – report

Britain’s forthcoming exit from the European Union was the main reason for a 37 percent decline in new jobs available…
CBE warns against Bitcoin transactions
Egypt

CBE warns against Bitcoin transactions

The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks involved, describing…
Parliament approves first preliminary bankruptcy law
Egypt

Parliament approves first preliminary bankruptcy law

In an effort to improve Egypt’s ranking as an attractive market for investment, the Egyptian General Assembly in Parliament approved the…
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Egypt

Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom

Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic…
Euro zone economy’s growth best in nearly seven years, PMIs suggest
World

Euro zone economy’s growth best in nearly seven years, PMIs suggest

The euro zone economy closed out the year with the strongest growth in nearly seven years, driven by accelerating services…
Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE
Economy

Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE

Egypt’s net foreign currency reserves climbed to an all-time high of $37.19 billion in December 2017, the Central Bank of Egypt (CBE)…
Egypt’s central bank keeps interest rates unchanged
Economy

Egypt’s central bank keeps interest rates unchanged

Egypt’s central bank kept its key interest rates unchanged on Thursday as inflation remained in double digits a year after…
US dollar exchange rate approaching LE 18
Business

US dollar exchange rate approaching LE 18

The US dollar exchange rate hiked during Monday morning trading, approaching LE 18, with more than one bank selling it…
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