Standard Chartered sees Egypt’s pound at 49 per dollar by end-2026
Standard Chartered expects Egypt's pound to strengthen against the US dollar by the end of the year, supported by…
Browsing Tag
Emerging markets
Egypt’s non-oil private sector contracts in May – PMI
ypt’s non-oil private sector remained in contraction in May, with the S&P Global Egypt PMI rising to 47.1 from…
How the Fed’s Higher-For-Longer Stance Is Reshaping Markets
In the later stages of a monetary tightening cycle, holding interest rates steady is rarely a sign of relief.…
Egypt wins IOSCO emerging markets committee chairmanship for 2026–2028
Egypt, represented by Islam Azzam, chairman of the Financial Regulatory Authority (FRA), has been elected chair of…
Egypt’s FinMin says emerging markets most vulnerable to external shocks
Emerging and developing economies are the most vulnerable to current regional shocks, with rising energy prices and…
Global stocks rise on Tuesday
Global markets advanced in Asian trade on Tuesday, led by a 2.3 per cent jump in Tokyo’s Nikkei 225 following…
Egypt’s GAFI chair highlights investment opportunities at ASBF
Egypt’s investment authority showcased the country’s latest development opportunities at the Africa Singapore…
Schneider Electric to acquire full stake in Indian JV
French electrical equipment manufacturer Schneider Electric announced on Wednesday that it has reached an agreement…
Indian rupee ends month, quarter in red
The Indian rupee ended the month and quarter slightly lower on Monday, trailing most Asian peers due to muted…
Indian rupee posts biggest gain since May 23rd
The Indian rupee had a strong day on Tuesday due to lower oil prices, a weaker dollar.
Indian rupee drops on Middle East conflict
The Indian rupee dropped to its lowest point since mid-March on Thursday due to risk aversion in financial markets.
Indian rupee hits two-month low amid high oil prices
The Indian rupee fell on Wednesday due to ongoing corporate hedging and high oil prices, with concerns about…
Indian rupee steady amid Iran-Israel conflict
The Indian rupee remained stable on Monday despite risk aversion due to the Iran-Israel conflict, as exporters sold…
Indian rupee edges up on foreign dollar sales
The Indian rupee slightly increased in early trading on Wednesday, supported by foreign banks selling the US…
Indian rupee hits lowest in 7th sessions on dollar strength
The Indian rupee fell for the sixth time in seven sessions on Wednesday, briefly dropping below 86 against the US…
Indian rupee edges lower amid mixed cues
The Indian rupee ended slightly lower on Tuesday, with analysts noting that the overall trend still points towards…
Indian rupee slips as dollar strengthens after US court tariff ruling
The Indian rupee weakened on Thursday as the US dollar rebounded sharply following a federal court ruling that…
Indian rupee ends flat amid month-end dollar demand
The Indian rupee closed almost unchanged on Wednesday, as the influence of month-end dollar demand from importers…
AfDB cuts Africa’s ’25 growth forecast to 3.9%
The African Development Bank (AfDB) has cut its 2025 economic growth forecast for Africa to 3.9 per cent, down from…
Indian rupee dips amid strong US dollar, volatile trading
The Indian rupee and other regional currencies weakened on Tuesday due to a stronger US dollar, declining Asian…
Indian rupee hits 2-week high against dollar
The Indian rupee and other Asian currencies continued to rise on Monday, as sudden changes in US trade policy and…
Egypt lauds BRICS role in global trade stability
Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib emphasised the BRICS group's important role in…
US-China breakthrough could ease pressure on emerging economies, Egypt minister says
Egypt’s Minister of Planning and Economic Development Rania Al-Mashat said a trade agreement between the United…
Egypt’s c.bank chief urges global coordination to support emerging markets at G20 meeting
Egypt’s central bank governor Hassan Abdalla called for stronger global policy coordination to support emerging…
Fitch sees ‘deeper’ rate cuts in Europe, emerging markets as growth slows
Central banks in Europe and emerging markets are poised to deliver “deeper rate cuts” in 2025 than previously…
Fitch: No Fed rate cuts until Q4
Despite rising recession risks and weakening economic growth, the US Federal Reserve is not expected to cut…
Egypt’s Investment Min. discusses digital payments collaboration with Visa
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, held a meeting with Robert Thomson, Global…
IFC issues $184m green bond to support biodiversity projects
The International Finance Corporation (IFC), a member of the World Bank Group, has issued a five-year green bond…
Foreign investment in emerging markets expected to decline amid tariff threats – IIF
Offshore investors are projected to reduce the cash flow to emerging markets by nearly 25 percent in 2025 as global…
OPEC+ sees 3.1% global growth in ’24, oil demand up 1.6 mb/d
The Organization of the Petroleum Exporting Countries (OPEC+) has maintained a solid global economic outlook, with…
IFC raises AUD 700m in green Kangaroo bond for biodiversity
The International Finance Corporation (IFC), part of the World Bank Group, has issued a 10-year green bond in the…
Asian shares slip as investors eye Fed policy
Asian stocks took a breather after a stellar run on Wednesday as investors awaited key US economic data and…
MSCI removes more Chinese stocks from its China indexes
MSCI Inc. continues to remove more Chinese stocks from its indexes, which could lead to a decrease in China's share…
India’s bond debut may drain other emerging markets
The Indian sovereign bonds in a global index may lead to investment outflows from other emerging markets like…
Emerging markets see inflows for 7th month in May – IIF
Emerging markets extended their streak of attracting foreign portfolio inflows for a seventh consecutive month in…
Egypt leaps forward in sustainable finance ranking by SBFN
The Sustainable Banking and Finance Network (SBFN) upgraded Egypt's rating from "Developing" to "Advancing" in its…
Yen sinks, dollar up on Fed remarks
The US dollar edged lower on Wednesday, while the Japanese yen hovering near its weakest level in 34 years at…
Investors to view Egypt as attractive market
Investors who swiftly withdrew around $20 billion from Egypt two years ago, now view the country as one of the most…
Abu Dhabi to jump on disruptive tech investments in emerging markets
Abu Dhabi wealth fund ADQ-backed Abu Dhabi Growth Fund, in corporation with AI firm G42 in operating a $10 billon…
Egypt’s foreign reserves fall to $37.037 billion at end-April as coronavirus crisis hit
Egypt’s foreign reserves fell to $37.037 billion at the end of April from $40.108 billion at the end of March, the…