Guides & Analytics
Egypt eyes expansion of South Korean investments – PM
Egypt is actively seeking to expand South Korean investments in various sectors alongside current investments, stated Prime Minister Moustafa Madbouly on Thursday.
Oil partially recovers losses in early Thursday trade
Oil partially recovered from its recent drop after a sharp decline on Wednesday driven by a significant increase in US crude inventories, raising concerns about…
Yen surges against dollar on intervention rumours
The Japanese yen surged against the dollar in early Asian trading on Thursday, sparking speculation of another intervention by Japanese authorities.
EGP swings vs. USD in Thursday’s early trade
The Egyptian Pound (EGP) experienced fluctuations against the US Dollar (USD) on Thursday, May 2, 2024, leading to a series of rate modifications across several…
Egypt’s CBE issues EGP 5b zero coupon t-bonds
Egypt’s central bank (CBE) announced on Thursday the issuance of 546-day treasury zero-coupon bonds worth five billion Egyptian pounds.
Egypt’s c. bank issues EGP 55b in T-bills
The Central Bank of Egypt (CBE) is offering 55 billion Egyptian pounds in treasury bills (T-bills) on Thursday.
Gold prices hold steady on Fed pause
Gold prices held steady in Asia on Thursday after recovering from a dip, as the Fed signaled a pause in rate hikes but no near-term cuts.
Asian stocks rise after Fed eases rate hike fears
Asian stocks and US futures climbed on Thursday after the Federal Reserve downplayed the possibility of an interest rate hike, calming investor jitters.