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Financial Institutions
Kuwait cuts discount rate by 25 bps
Kuwait’s Central Bank cut the discount rate by 25 basis points to 3.75 per cent, effective Thursday, in response to…
S. Arabia cuts rates by 25 bps
The Saudi Central Bank (SAMA) has lowered the Repurchase Agreement (Repo) rate by 25 basis points to 4.75 per cent…
Qatar cuts key interest rates by 25 bps
Qatar’s central bank (QCB) has reduced its key interest rates by 25 basis points, effective Thursday.
US Federal Reserve cuts interest rate by quarter point
The US Federal Reserve lowered its target range for the federal funds rate by 1/4 per cent to 4 to 4‑1/4 per cent…
Egypt boosts investment climate with EBRD support
Egypt’s Investment and Foreign Trade Minister Hassan El-Khatib met on Wednesday with a delegation from the European…
US firms explore investment opportunities in Egypt’s SCZONE
Egypt’s Suez Canal Economic Zone (SCZONE) hosted US Ambassador Herro Mustafa Garg and senior executives from major…
Egypt puts debt reduction at core of 5-year economic plan – PM
Egypt’s economic plan centres on cutting debt to its lowest levels in recent history over the next five years,…
Egypt’s FinMin says private sector proven resilience in AmCham talks
Egypt’s Finance Minister Ahmed Kouchouk said the country’s private sector is showing strong growth and…
Egypt’s ETA highlights reforms, new tax facilitation measures in China business…
Egypt’s Tax Authority (ETA) is advancing digital transformation and preparing a new package of facilitation…
Egypt sees 20% jump in new construction firms, $35.8b FDI: GAFI
The number of newly established construction companies in Egypt rose 20 per cent in 2024 to 2,856 from 2,375 a year…