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The Watch
Oil rises as Chinese demand increases
Oil extended gains for a second session on Wednesday as a result of a strong leap in manufacturing in China, which…
SABIC quarterly profit slumps by 94% amid costs rise
Saudi Basic Industries Corp (SABIC), one of the biggest petrochemical companies in the world, said on Tuesday that…
Euro zone lending growth slows amid downturn
Euro zone bank lending fell for another time in January while cash and liquid deposits dropped for the first time…
Iranian Rial records new low against U.S. dollar
Iranian Rial hits a new recorded low against the U.S. dollar on Saturday, despite central bank attempts to reduce…
Gold prices fall due to U.S. dollar price increase
Gold prices have declined on Monday by 0.2 percent to reach $1837.59 per ounce, on rising U.S. dollar price and…
Egypt’s pound drops to EGP 30 against dollar at closing
Egypt’s pound currency has recorded EGP 30.03 against the U.S. dollar during the closing trade at banks on Monday.
Brazil, Argentina mulls to issue single currency
Brazil and Argentina plan to announce preparations for issuing a common currency in the near future, in a move…
Russia’s central bank includes Egyptian pound in its official exchange rates list
Russia’s central bank has included the Egyptian pound in its list of currencies it sets official exchange rates for…
Egypt’s pound hits EGP 29.76 against dollar at closing
Egypt’s pound currency has recorded EGP 29.76 against the U.S. dollar during the closing trade at banks on…
Egypt’s pound inches down to EGP 27.60 against dollar in some banks
Egypt’s pound currency inched down to EGP 27.50 against the U.S. dollar for buy and EGP 27.60 for sell at banks at…