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The Watch
Sliding currency may be in Egypt’s Advantage, as investors keep flocking back
There are signs that foreign investors may be warming to Egypt after the EGP eased a bit against the USD, Bloomberg…
International Energy Agency sees largest fall of oil demand in history in 2020
Oil prices have plummeted around 40 percent year-to-date, as lockdown measures designed to curb the spread of the…
Lebanese pound slides further despite new pricing system
Lebanon’s battered pound currency has slid to fresh lows against the U.S. dollar despite a new pricing system…
Oil prices hit 3-month highs on expectations of deepest OPEC cuts
Oil prices continued to march higher on Wednesday, with Brent crude futures rising above $40 a barrel on…
U.S. dollar exchange rate against Egyptian pounds pass EGP 16.02 on Wednesday
US dollar exchange rates against the Egyptian pound increased in banks across Egypt on Monday, compared to Sunday’s…
Gold prices in Egypt hit historical levels
Gold prices in Egypt recorded on Monday its highest level in history, with an increase of about EGP 11 over the end…
Dollar prices surge after April US non-farm payrolls report
The U.S. dollar rose on Friday after data showed the world’s largest economy lost fewer jobs than expected last…
Gold eases back as economies reopen; hopeful investors take on more risk
Gold prices eased back on Friday from its highest in nearly two weeks, as investors grew hopeful about economies…
Oil climbs 5%, posts second straight week of earnings
Oil rose on Friday and were on course for a second consecutive week of gains as U.S. producers rapidly shut crude…
Get to know the White House’s reopening plan
U.S. President Donald Trump and the White House Coronavirus Task Force released on Monday additional guidelines on…