Russia’s central bank hikes rates by 350bps to 12%
Russia’s central bank hiked interest rates by 350 basis points to 12 percent at an emergency meeting on Tuesday, a…
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dollar
India pays first crude oil payment to UAE in rupees
India and the United Arab Emirates made their first-ever historic crude oil payment in local currency, making…
Egypt seeks to sell train tickets in U.S. dollars for Arabs, foreigners
Egypt is seeking to raise up to $40 million from selling train tickets to foreigners and Arabs in U.S. dollars…
Egypt’s non-oil private sector activity record 49.2 in July
Egypt's non-oil private sector recorded its slowest pace to record 49.2 in July from 49.1 last month, as…
Argentina to pay its IMF debt with yuan due to dollar shortage
For the first time, Argentina paid $2.7 billion to the International Monetary Fund (IMF) in a payment that came in…
Egypt pays $3.5bln international bond dues in Q1 of 2023 – minister
Egypt paid $3.5 billion in international bond dues during the first quarter of this year, Finance Minister Mohamed…
Turkish lira falls at record low near 19 against dollar
Turkey's lira weakened on Thursday to a new record low of 18.9620 against the dollar, as investors weigh the…
Egypt’s gold, precious stones exports hit $1.633bln in 2022
Egypt’s gold exports grew by 45 percent reach $1.633 billion in 2022 compared to $1,126 billion in 2021, according…
Russian oil exports to India erode decades-old dollar dominance
U.S. sanctions on Russia have begun to diminish the dollar's decades-old dominance of international oil trade as…
Egypt’s pound weakens to EGP 30.83 to dollar at midday
Egypt’s pound currency fell to EGP 30.78 for buying and EGP 30.83 for selling at some banks during midday trade on…
