Banks Russia’s central bank hikes rates by 350bps to 12% Nada Ali Aug 15, 2023 0 Russia’s central bank hiked interest rates by 350 basis points to 12 percent at an emergency meeting on Tuesday, a…
Industry & Trade India pays first crude oil payment to UAE in rupees Nada Ali Aug 15, 2023 0 India and the United Arab Emirates made their first-ever historic crude oil payment in local currency, making…
News Egypt seeks to sell train tickets in U.S. dollars for Arabs, foreigners Nada Ali Aug 14, 2023 0 Egypt is seeking to raise up to $40 million from selling train tickets to foreigners and Arabs in U.S. dollars…
Egypt News Egypt’s non-oil private sector activity record 49.2 in July Nada Ali Aug 3, 2023 0 Egypt's non-oil private sector recorded its slowest pace to record 49.2 in July from 49.1 last month, as…
International News Argentina to pay its IMF debt with yuan due to dollar shortage Nada Ali Jul 3, 2023 0 For the first time, Argentina paid $2.7 billion to the International Monetary Fund (IMF) in a payment that came in…
Feature Egypt pays $3.5bln international bond dues in Q1 of 2023 – minister Nada Ali May 18, 2023 0 Egypt paid $3.5 billion in international bond dues during the first quarter of this year, Finance Minister Mohamed…
forex news Turkish lira falls at record low near 19 against dollar Nada Ali Mar 9, 2023 0 Turkey's lira weakened on Thursday to a new record low of 18.9620 against the dollar, as investors weigh the…
Industry & Trade Egypt’s gold, precious stones exports hit $1.633bln in 2022 Sanaa Allam Mar 8, 2023 0 Egypt’s gold exports grew by 45 percent reach $1.633 billion in 2022 compared to $1,126 billion in 2021, according…
Investment Russian oil exports to India erode decades-old dollar dominance Nada Ali Mar 8, 2023 0 U.S. sanctions on Russia have begun to diminish the dollar's decades-old dominance of international oil trade as…
Business Egypt’s pound weakens to EGP 30.83 to dollar at midday Amwal Al Ghad English Mar 7, 2023 0 Egypt’s pound currency fell to EGP 30.78 for buying and EGP 30.83 for selling at some banks during midday trade on…