Feature China adds liquidity via ¥50b reverse repos Yomna Yasser Mar 25, 2024 0 The People’s Bank of China (PBC) announced on Monday that it had conducted 50 billion yuan (about US$7.04 billion)…
Feature China’s Evergrande liquidators withdraw Chapter 15 applications in US Yomna Yasser Mar 24, 2024 0 Evergrande liquidators said the company, SJ and Tianji had filed documents with a U.S. Court on Friday to withdraw…
Tech/AI Leading Egyptian companies, individuals among 76 finalists of Big 5 Egypt Impact Awards… Yomna Yasser Mar 21, 2024 0 The fourth edition of Big 5 Egypt Impact Awards, running alongside Big 5 Construct Egypt, have unveiled the…
Feature Turkey’s c.bank hikes rates to 50% in surprise move Yomna Yasser Mar 21, 2024 0 Turkey’s central bank has raised its key interest rate from 45 per cent to 50 per cent, citing the continuing need…
Feature Swiss National Bank makes first rate cuts in 9 years Yomna Yasser Mar 21, 2024 0 The Swiss National Bank has on Thursday cut its main interest rate by 25 basis points, the first-rate reduction…
Feature Saudi Cabinet approves deal to launch IMF regional office in Riyadh Yomna Yasser Mar 20, 2024 0 Saudi Arabia's Cabinet approved on Tuesday an agreement to set up a regional office for the International Monetary…
Feature $9.5b backlog of imported goods released since Jan.: Egyptian minister Yomna Yasser Mar 19, 2024 0 Egypt has released a backlog of imported goods worth $14.5 billion stuck at ports since the beginning of this year,…
Money World Bank announces more than $6b support package for Egypt Yomna Yasser Mar 18, 2024 0 The World Bank announced on Monday plans to provide more than $6 billion in support to Egypt throughout the coming…
Feature CBE: Egyptian banking’ net profit records EGP 283.4b in ’23 Yomna Yasser Mar 18, 2024 0 The Egyptian banking sector saw its net profit grew by more than half throughout 2023, the central bank said in its…
Money Banque Misr Chair: Remittances from Egyptians abroad grow 10-fold Yomna Yasser Mar 13, 2024 0 As Egypt enforced exchange rate reforms, signed landmark multi-billion agreements, and received the thumbs up from…