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URGENT: Egypt c.bank cuts rates by 225 bps, first easing in 5 years amid slowing inflation
Egypt’s central bank (CBE) cut its key interest rates by 225 basis points on Thursday, delivering its first rate…
US sanctions Yemen’s International Bank of Yemen for backing Iran-aligned Houthis
The US Treasury Department on Thursday sanctioned the International Bank of Yemen (IBY) and three of its top…
URGENT: ECB cuts interest rates
The European Central Bank (ECB) decided on Thursday to lower its key interest rates by 25 basis points, effective…
Türkiye raises interest rate amid inflation risks
Türkiye’s central bank raised its benchmark interest rate by 350 basis points to 46 per cent on Thursday,…
Egypt’s development finance hits $9.6b in 2024, private sector leads
Egypt secured a record $4.2 billion in concessional development financing for the private sector in 2024, the…
Egypt, Tunisia discuss joint bank, trade routes to spur trade
Egypt and Tunisia are exploring the establishment of a joint bank and new trade routes as part of efforts to deepen…
Fitch sees ‘deeper’ rate cuts in Europe, emerging markets as growth slows
Central banks in Europe and emerging markets are poised to deliver “deeper rate cuts” in 2025 than previously…
Fitch: No Fed rate cuts until Q4
Despite rising recession risks and weakening economic growth, the US Federal Reserve is not expected to cut…
Egypt’s banking sector contributes EGP 3.9b to CSR projects in 2024: CBE
Egypt’s banking sector has contributed 3.9 billion Egyptian pounds ($76.3 million) to community and development…
Remittances from Egyptians abroad soar to $20b in 7 months
Remittances from Egyptians working abroad surged to $20.0 billion during the first seven months of the 2024/2025…