Egypt’s CBE auctions EGP 55b T-bills
The Central Bank of Egypt (CBE) is auctioning 55 billion Egyptian pounds in treasury bills (T-bills) on Sunday.
China’s c. bank plans $70b re-lending programme
The People’s Bank of China (PBC) will set up a 500 billion-yuan ($70 billion) re-lending program to support the…
Paris Club pushes Ethiopia’s IMF deal deadline to June
The Paris Club, a group mainly comprising developed country creditors, reportedly extended Ethiopia's deadline to…
EGX closes northward on April 4th
Egypt’s stock exchange (EGX) closed all green on Thursday, with the main index, EGX30 surging by 2.04 per cent to…
EGP to USD closes Thursday trading at 47.32
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
Gold prices keep falling throughout day
Gold prices on mid-Thursday fell at $2,284.980 per ounce, after reaching $2,292.40 earlier in the session.
India’s decision to halt Russian oil imports surprises US
The US was surprised by India's decision to halt Russian oil imports, given Washington's interest in maintaining…
MSMEDA partners with Kredit to fund SMBs with EGP100m
The Egyptian Micro, Small, and Medium Enterprises Development Agency (MSMEDA) announced on Thursday a collaboration…
Egypt’s trade balance deficit fell by 37.2% in Jan. – CAPMAS
Egypt’s trade balance deficit fell by 37.2 per cent in January 2024, reaching $2.08 billion compared to $3.32…
China’s Chery to build $880m plant in Vietnam
Chery, a Chinese automaker, has signed a joint venture agreement with a local company to establish an $800 million…
