finance

US dollar exchange rate steadies on Tuesday
Business

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

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

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

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

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

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

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

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

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

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,…
Back to top button