money
CBE raises required reserve ratio from 14% to 18%
Business
September 25, 2022
CBE raises required reserve ratio from 14% to 18%
The Central Bank of Egypt decided on Saturday to raise the required reserve ratio in banks from 14 percent to…
Dollar exchange rate stable at Egypt major banks
Egypt
August 8, 2022
Dollar exchange rate stable at Egypt major banks
CAIRO, Aug 7 (MENA) – The US dollar exchange rate was stable at the beginning of Sunday’s transactions at Egypt’s…
Amazon beats expectations to avoid tech earnings slump
World
July 31, 2022
Amazon beats expectations to avoid tech earnings slump
(CNN Business) – Amazon appears to still be going strong even as other Big Tech companies stumble amid pressure from…
Photos: Egypt releases first Polymer banknotes
Economy
July 5, 2022
Photos: Egypt releases first Polymer banknotes
The Central Bank of Egypt has introduced the ten-pound denomination of plastic (polymer) notes, produced using the latest banknote production…
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
Business
June 19, 2022
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive…
US dollar climbs to its highest level in 20 years
Economy
May 9, 2022
US dollar climbs to its highest level in 20 years
The US dollar rose to a 20-year high on Monday as a combination of rising US Treasury yields and closures…
Recession fears are mounting. Here’s how to protect your money
World
May 1, 2022
Recession fears are mounting. Here’s how to protect your money
Warnings of a potential recession aren’t surprising given how many tripwires there are in today’s economy. A push by the…
US dollar exchange rate in Egypt maintains stable prices
Egypt
April 11, 2022
US dollar exchange rate in Egypt maintains stable prices
The National Bank of Egypt announced the update of currency rates on Monday. The US dollar maintained stable price:s while…
Turkey’s new credit guarantee fund package worth 60 bln lira, minister says
Middle East
February 13, 2022
Turkey’s new credit guarantee fund package worth 60 bln lira, minister says
ANKARA, Feb 12 (Reuters) – Turkey’s finance minister announced on Saturday a new credit guarantee fund package worth 60 billion…
Abu Dhabi outshines Middle East markets in 2021
Middle East
January 1, 2022
Abu Dhabi outshines Middle East markets in 2021
Dec 30 (Reuters) – Stock markets in the Gulf ended 2021 higher, with the Abu Dhabi index exiting the year…