Egypt allocates EGP 96b for Cairo’s development – minister
The Ministry of Planning and Economic Development in Egypt declared on Monday that Cairo is slated for 1,260…
Fed rate cut expectations diminish
Traders' confidence in three quarter-point interest-rate cuts by the Federal Reserve this year is fading, with…
Egypt’s top FX firms collect EGP 11.9b after flotation decision
The exchange firms associated with the National Bank of Egypt, Banque Misr, and Banque du Caire have collected…
Bank of Israel at crossroads in upcoming interest-rate decision
The Bank of Israel is at a crossroads in its upcoming interest-rate decision, as analysts are divided between…
Chinese Shimao receives wind-up petition in H. Kong
Chinese developer Shimao Group received a liquidation petition from China Construction Bank (Asia) against it in…
Technology giants dominate Forbes 2024 billionaire list
Bernard Arnault, the luxury goods kingpin behind LVMH, remains the world's richest person according to the 2024…
SCzone inks a $40m deal with Eroğlu for West Qantara project
The General Authority for the Suez Canal Economic Zone (SCZONE) signed on Sunday a $40 million contract with…
Egypt’s inflation drops to 33.1% in March
Egypt’s general Consumer Price Index (CPI) dropped to 221.6 points in March 2024, indicating an annual inflation…
Bank of Russia eyes rate cut in H2 if inflation eases
The Bank of Russia is considering a reduction in the key rate in the latter half of 2024, provided inflation…
China’s PBC adds $2m via reverse repos
The People's Bank of China (PBC) conducted two billion yuan ($281.9 million) of seven-day reverse repos.
