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Financial Institutions
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…
UK inflation accelerates in April
UK inflation picked up pace in April 2025, with the Consumer Prices Index including owner occupiers’ housing costs…
EGP opens slightly down in Wednesday early trade
The Egyptian pound (EGP) nudges down against the US dollar (USD) during early trading on Wednesday, May 21, 2025.
EGP appreciates vs US dollar for 8th straight day
The Egyptian pound (EGP) edged up against the US dollar (USD) on Tuesday, May 20, 2025, according to data from the…
China’s Hightex to invest $17m in decorative fabrics plant in Egypt’s West Qantara
Chinese textile manufacturer Hightex Co., Ltd Hangzhou. will invest $17 million to build a decorative fabrics and…