Egypt raises deposit cap to $1 m for exporters
Egypt's central bank raised on Monday the cap on foreign currency deposits at banks to $1 million a month for…
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CBE meets exchange bureaus in attempt to curb black market rates
Egypt's central bank has begun holding meetings with foreign exchange bureaus to try to keep a lid on black market…
Unease over Fed rate path dents European stocks
Uncertainty over the future path U.S. interest rates weighed on European stocks on Thursday, while the resignation…
IMF’s Lagarde says markets need clarity on China currency
Financial markets need more clarity on how Chinese authorities are managing their currency, particularly the…
Dollar drops vs yen as geopolitical woes, China data sap risk appetite
The dollar fell to a 10-week low against the yen as tensions in the Middle East and soft Chinese data added bids to…
UAE renews 35bn yuan currency swap deal with China
China and the United Arab Emirates have renewed their local currency swap agreement for a further three years, with…
Egypt’s pound steady at first forex auction under new c.bank governor
Egypt's central bank held the pound steady at 7.7301 pounds to the dollar Sunday at the first official foreign…
Cabinet controls prices of 10 commodities as Egypt’s inflation rises
Egypt is to control the prices of 10 commodities as the state tries to keep inflation in check amid a shortage of…
Egypt’s pound steady at auction and on parallel market
Egypt's central bank kept the pound steady at 7.7301 to the dollar at its official foreign currency auction…
Yuan takes leap toward joining IMF currency basket
China's yuan moved closer to joining other top global currencies in the International Monetary Fund's benchmark…