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Money
US Fed is not ‘looking for a law change’ to own bitcoin
US Federal Reserve Chair Jerome Powell said on Wednesday that the central bank has no plans to add bitcoin to its…
Powell describes Wednesday’s rate cut a ‘closer call’ but ‘right call’
US Federal Reserve Chair Jerome Powell described Wednesday’s decision to cut interest rates as a “closer call,”…
URGENT: Fed cuts rates for third, final time this year
The US Federal Reserve has cut interest rates by a quarter point on Wednesday, bringing down the cost of borrowing…
Central Bank of Egypt’s gold holdings hit EGP533.767b in Nov’24
The gold holdings of the Central Bank of Egypt (CBE) rose to 533.767 billion Egyptian pounds at the end of November…
Fitch: Credit growth strengthens Qatari banks in 9M ’24
Fitch Ratings expects in its latest report on Wednesday that the Qatari banking sector would maintain its…
IMF approves additional $750m for Bangladesh
The International Monetary Fund (IMF) has reached a staff-level agreement with Bangladesh for an additional $750…
Fitch upgrades Oman’s outlook to positive, affirms ‘BB+’ rating
Fitch Ratings has revised Oman's Outlook to Positive from Stable and affirmed its Long-Term Foreign-Currency Issuer…
IFC signs $3b credit insurance deal to boost real sector investments
The International Finance Corporation (IFC) signed on Wednesday a $3 billion credit insurance policy with 14 global…
Egypt c.bank says total assets hit EGP6.249t in Nov’24
The Central Bank of Egypt (CBE) said on Wednesday that its total assets increased to 6.249 trillion Egyptian pounds…
Egypt’s CBE net profit hit EGP88.284b in Nov’24
The Central Bank of Egypt (CBE) reported on Wednesday that its net profit was 88.284 billion Egyptian pounds at the…
