Moody’s cuts Oman banking outlook on weaker government support
The outlook for Oman’s banking sector was cut to negative by Moody’s Investors Service to reflect a reduction in…
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economic growth
Egypt’s CBE seen holding interest rates following unexpected hikes
Central Bank of Egypt (CBE) is seen leaving key interest rates unchanged this month, a Reuters poll indicated on…
Careem expanding business in Egypt
Careem, the region’s leading app-based car booking service, continues to support economic growth and innovation in…
In surprise move, Egypt’s CBE hikes key interest rates
The Central Bank of Egypt raised its key interest rates by 200 basis points on Sunday, citing stronger economic…
European markets close lower on Trump’s policy worries
European markets ended lower on Wednesday amid increasing concerns regarding U.S. President Donald Trump's economic…
Dollar sags vs yen on lower US yields, ebb in risk appetite
The dollar sagged against the yen on Thursday, weighed down by U.S. yields slipping to two-week lows and an ebb in…
Trump’s fight against ISIS has to include Russia and China: Asian leader
When it comes to fighting ISIS, Donald Trump may need to keep his friends close and his frenemies even closer.…
World Bank president: investment in human capital critical to economic growth
Jim Yong Kim, President of the World Bank Group, highlighted the great importance of investing in human capital for…
World Bank adopts three goals to end extreme poverty
World Bank President Jim Yong Kim has cited on Monday three ways to end extreme poverty and boost shared…
World Bank approves $1 bln for Egypt fiscal balances, energy reforms
World Bank has approved a $1 billion loan to Egypt to improve its fiscal balances and support reforms in energy…