US Fed sees hope for rate cuts as inflation shows signs of easing
Federal Reserve officials, encouraged by recent data, are looking for further evidence that inflation is on a…
US May retail sales sluggish
US May retail sales showed a sluggish increase, and a downward revision to April's data suggests a less robust…
Egypt’s net foreign assets boast surplus for first time in 2 years
Egypt’s net foreign assets (NFAs) turned a surplus for the first time in more than two years in May, central bank…
Egypt’s M0 surges to $1.8t in May – CBE
Egypt’s reserve money (M0) surged to 1.827 trillion Egyptian pounds ($38.3 billion) at the end of May from 1.614…
CBE’s Hassan Abdalla: Anchoring inflation expectations is key
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), emphasised on Wednesday the importance of managing…
China’s emissions allowances closes high on Thursday
Carbon emissions allowances closed at 50.05 yuan per tonne on Thursday, equivalent to approximately 7 US dollars,…
EGP flat in Thursday’s USD exchange
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
URGENT: US PPI declines by 0.2% in May
US Producer Price Index (PPI) for final demand decreased by 0.2 per cent in May 2024, adjusted seasonally.
Egypt secures $130m in non-refundable USAID grants
Egypt is poised to receive eight non-refundable development grants totaling $130 million from the United States…
EGX closes on green notes on June 13
Egypt’s stock market (EGX) closed on green notes on Thursday. The main index, EGX30 went up by 1.09 per cent, to…