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Financial Institutions
Kuwait c. bank cuts rates by 25 basis points
The Central Bank of Kuwait (CBK) on Wednesday cut the discount rate by 25 basis points to 3.50 per cent, effective…
Qatar c. bank cuts key interest rates by 25 basis points
The Central Bank of Qatar (QCB) on Wednesday lowered its main interest rates by 25 basis points on Wednesday,…
Saudi c. bank cuts repo, reverse repo rates by 25 basis points
Saudi Arabia’s central bank (SAMA) on Wednesday reduced the Repurchase Agreement (Repo) rate by 25 basis points to…
UAE c. bank cuts base rate by 25 basis points
The Central Bank of the UAE (CBUAE) on Wednesday lowered its Base Rate for the Overnight Deposit Facility by 25…
US Fed cuts interest rate to 3.5–3.75%
The US Federal Reserve on Wednesday lowered its benchmark interest rate by 1/4 percentage point to 3-1/2 to 3‑3/4…
Egypt’s PM: IMF talks progressing, positive news expected in 2 days
Egyptian Prime Minister Moustafa Madbouly said Wednesday that discussions with the International Monetary Fund…
Egypt opens Hurghada Airport to private partnership bids
Egypt has opened the first stage of a plan to bring private-sector management into one of its busiest airports,…
Egypt’s exports jump 28.2% in September as trade deficit narrows: CAPMAS
Egypt’s exports surged 28.2 per cent in September to $4.9 billion, helping narrow the trade deficit to $3.3 billion…
URGENT: Egypt’s monthly inflation slips 0.2% in November – CAPMAS
Egypt’s monthly consumer inflation edged down 0.2 per cent in November, driven mainly by a sharp retreat in…
FAO awards Egypt’s Sisi with Agricola Medal for food security efforts
Egyptian Prime Minster Moustafa Madbouly collected the UN Food and Agriculture Organisation’s (FAO) highest honour…