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Financial Institutions
AfDB to elect new president amid funding challenges
The African Development Bank (AfDB) will elect a new president this week during its annual summit in Abidjan, as…
Egypt allocates EGP 93.5b for Giza development in FY 2024/25
Egypt has earmarked 93.5 billion Egyptian pounds in public investments for Giza Governorate in the 2024/25 fiscal…
EGP edges down vs USD on Thursday
The Egyptian pound (EGP) edged down against the US dollar (USD) on Thursday, May 22, 2025, according to data from…
Uganda secures $800m from IsDB
Uganda has signed Thursday a $800 million financing agreement with the Islamic Development Bank (IsDB) to fund…
Turkey keeps inflation forecast unchanged at 24%
Turkey’s central bank kept its year-end inflation forecast steady at 24 per cent on Thursday, with Governor Fatih…
Egypt’s PM: Hard currency inflows cover demand, no backlog
Egypt’s domestic hard currency resources have been sufficient over the past two months, particularly last month, to…
Egypt’s PM: IMF mission in Cairo for 5th review
An International Monetary Fund (IMF) mission is currently in Egypt for the fifth review of the country's economic…
EGP gains vs USD in early Thursday trade
The Egyptian pound (EGP) gains against the US dollar (USD) during early trading on Thursday, May 22, 2025.
Morgan Stanley upgrades outlook of US assets
Morgan Stanley upgraded its outlook on US stocks and Treasuries to "overweight", citing reduced tariff risks, no…
Egypt looks to Hong Kong model to build regional wealth management hub
Egypt is seeking to replicate Hong Kong’s financial zone success as it pushes ahead with plans to transform itself…