Saudi c. bank cuts repo, reverse repo rates by 25 basis points
Saudi Arabia’s central bank (SAMA) on Wednesday reduced the Repurchase Agreement (Repo) rate by 25 basis points to…
UAE c. bank cuts base rate by 25 basis points
The Central Bank of the UAE (CBUAE) on Wednesday lowered its Base Rate for the Overnight Deposit Facility by 25…
Gold prices eased on Thursday
Gold eased from a near one-week high on Thursday as a divided US Federal Reserve rate cut left investors uncertain…
Oil prices steady on Thursday
Oil prices held steady on Thursday, with Brent crude at $62.16 a barrel and US West Texas Intermediate (WTI) at…
Asian markets retreat on Thursday
Asian markets retreated on Thursday after a sharp sell-off in US tech shares, triggered by disappointing earnings…
US Fed cuts interest rate to 3.5–3.75%
The US Federal Reserve on Wednesday lowered its benchmark interest rate by 1/4 percentage point to 3-1/2 to 3‑3/4…
Egypt’s Cabinet grants golden licence for ASP’s silicon facility
Egypt’s Cabinet on Wednesday approved a golden licence for the Alamein for Silicon Products (ASP) to establish and…
Egypt’s Cabinet approves development of Nasser Institute into world-class medical hub
Egypt’s Cabinet approved Wednesday a presidential decree to reallocate land and buildings at the Nasser Institute…
Egypt’s PM: IMF talks progressing, positive news expected in 2 days
Egyptian Prime Minister Moustafa Madbouly said Wednesday that discussions with the International Monetary Fund…
UNESCO adds Egyptian Koshari to intangible cultural heritage list
UNESCO has inscribed Egyptian Koshari on its Representative List of the Intangible Cultural Heritage of Humanity…