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Japanese yen surges to highest level in month
Japanese yen surged to its highest level in a month, as Japanese bank stocks rose following upbeat wage data.
Egypt’s AAIB raises limits of intl. credit card transactions
Egypt’s Arab African International Bank (AAIB) announced the increase in limits of all credit card transactions…
Egypt’s banking system is solid, resilient: CBE deputy governor ElKholy
The Central Bank of Egypt (CBE) is working around the clock to ensure the soundness and stability of the banking…
CBE has no exchange rate target, focuses on inflation fight – Hassan Abdalla
Egypt’s central bank has no intention to keep the exchange rates at a certain level as number one priority right…
PM: New IMF deal to help Egypt secure World Bank, EU soft loans
Egypt’s Prime Minister Moustafa Madbouly said the new agreement with the International Monetary Fund (IMF) will…
EGX closes in red with new IMF deal on deck
Egypt’s stock exchange (EGX) closed in red notes on Wednesday, few hours ahead of signing a new loan agreement with…
BoC likely to leave overnight rate untouched
The Bank of Canada (BoC) is expected to maintain its key overnight rate at 5 per cent despite recent data…
Egypt’s c. bank’s recent decisions eliminate FX parallel market
The Central Bank of Egypt’s (CBE) recent decision will boost confidence in the Egyptian economy and eliminate…
Bank of Uganda raises key rate by 50 basis points
Bank of Uganda increased its primary lending rate by 50 basis points to 10.00 per cent on Wednesday attributing the…
Foreign firm deposits $25m into Banque Misr after CBE’s decisions
A foreign company deposited $25 million in Egypt's Banque Misr on Wednesday, in a move that proves trust in the…
