IMF: Egypt’s GDP to grow 3% in 2024, 4.4% in 2025
Egypt’s economy will grow by 3.0 per cent in 2024, slower than previously forecast, the International Monetary Fund…
US data lifts dollar, yen weakens
The US dollar strengthened against major rivals on Tuesday, reaching a five-month high against the pound and euro,…
Rate cuts on horizon; says next BoE deputy governor
While it’s too early to specify when, a rate cut by the central bank is imminent, Clare Lombardelli, the incoming…
Morgan Stanley, Deutsche Bank: ECB to make 75bps rate cut in ’24
Morgan Stanley and Deutsche Bank, anticipate a 75 basis point (bps) reduction in borrowing costs by the European…
BofA profits decline in Q1 ’24
Bank of America (BofA) witnessed a decline in its profits on Tuesday, attributed to reduced earnings from customer…
Tesla global job cuts reach US, China
Tesla confirmed a major global workforce reduction, impacting employees in sales, technology, and engineering…
India’s largest oil refiner resells US oil
Reliance Industries Ltd. took an unusual move by offering US oil to other buyers in Asia last week, a deviation…
Egypt issues EGP 500m fixed-coupon T-bonds
The Central Bank of Egypt (CBE) offered on Tuesday treasury bonds (T-Bonds) with fixed coupon in Egyptian pound…
Egypt’s c. bank auctions EGP 5b zero coupon t-bonds
Egypt’s central bank (CBE) announced on Tuesday the issuance of 532 days treasury zero-coupon bonds worth five…
European stocks fall to 6-week low amid tensions, Ericsson shares soar
Europe’s main stock index hit a near six-week low on Tuesday, falling 1.4 per cent due to investors avoiding risky…
