finance
US dollar exchange rate steadies on Tuesday
Business
December 12, 2017
US dollar exchange rate steadies on Tuesday
The exchange rate of the US dollar against the Egyptian pound steadied on Tuesday after a remarkable increase last week.…
Egypt to sell $1 bln in dollar-denominated one-year treasury bills – Cbank
Business
December 7, 2017
Egypt to sell $1 bln in dollar-denominated one-year treasury bills – Cbank
Egypt will sell $1 billion in dollar-denominated, one-year treasury bills on December 11, the central bank said on Thursday. Appetite…
Sweeping increase in US dollar value against Egyptian pound on Wednesday
Business
December 6, 2017
Sweeping increase in US dollar value against Egyptian pound on Wednesday
The US dollar saw a sweeping increase in its exchange rate against the Egyptian pound – as well as various…
UK slashes economic growth forecasts for next five years, higher deficit
World
November 22, 2017
UK slashes economic growth forecasts for next five years, higher deficit
Britain has cut its official forecasts for economic growth, finance minister Philip Hammond said on Wednesday as he delivered a…
Goldman Sachs to have post-Brexit EU hubs in Frankfurt, Paris
World
November 20, 2017
Goldman Sachs to have post-Brexit EU hubs in Frankfurt, Paris
Goldman Sachs Chief Executive Lloyd Blankfein said the bank would have hubs in Frankfurt and Paris after Brexit and that…
Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll
Economy
November 15, 2017
Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll
With Egypt’s inflation still above 30 percent, the central bank is expected keep its key interest rates on hold in…
Mike Bloomberg: London will stay Europe’s financial center but ‘dumb’ Brexit will cut growth
World
November 14, 2017
Mike Bloomberg: London will stay Europe’s financial center but ‘dumb’ Brexit will cut growth
London will remain Europe’s financial center for the foreseeable future and keep its position alongside New York as one of…
USD bank exchange rate below LE18, stable
Economy
August 3, 2017
USD bank exchange rate below LE18, stable
The USD exchange rate on Thursday is stable in Egyptian banks, according to local bankers. The US dollar is being…
UAE asks banks to freeze Qatar-linked accounts
Middle East
July 27, 2017
UAE asks banks to freeze Qatar-linked accounts
The United Arab Emirates’ central bank has asked all banks and financial institutions to stop dealing with 18 individuals and…
Cairo has second largest number of millionaires in Africa: Report
Egypt
July 26, 2017
Cairo has second largest number of millionaires in Africa: Report
Cairo has the second largest number of high net-worth individuals (HNWI) in Africa, coming in right after South Africa’s Johannesburg,…