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Egypt’s net reserves reaches $47,75b in March – CBE
Egypt’s net international reserves reached $47.76 billion at the end of March 2025, according to the Central Bank…
Goldman Sachs cuts ’26 oil price forecasts
Goldman Sachs has lowered its 2026 average price forecasts for Brent and West Texas Intermediate (WTI) crude by $4,…
Goldman Sachs sees major Chinese stimulus
Goldman Sachs expects China to ramp up fiscal and monetary easing to counter the sharper-than-expected impact of…
Goldman Sachs raises US recession risk to 45%
Goldman Sachs has increased the likelihood of a US recession within the next 12 months to 45 per cent, citing…
Libya devalues dinar by 13.3%
Libya’s central bank devalued the national currency by 13.3 per cent on Sunday, setting the official exchange rate…
Egypt’s c. bank outlines public services at branches
The Central Bank of Egypt (CBE) said on Sunday it is offering several key banking services to the public at its…
Powell: Tariffs likely to raise inflation, Fed to hold rates
US Federal Reserve Chair Jerome Powell said on Friday that recent tariff hikes announced by the Trump…
Trump tariffs push US, global recession risk to 60%, warns JP Morgan
The likelihood of a US and global recession this year has surged to 60 per cent, up from 40 per cent, according to…
China’s debt exceeds 300% of GDP
China's total debt has exceeded 300 per cent of GDP and is expected to increase further, but the central bank will…
Central Bank of Egypt announces Eid Al-Fitr bank holiday schedule
The Central Bank of Egypt (CBE) announced on Thursday that all banks operating in Egypt will suspend operations in…