Turkey to reconsider rate hike
Turkey is reconsidering an interest rate hike, just two months after ending its tightening cycle amid strong demand…
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foreign currency
SNB sells forex worth CHF132.9b in ’23
The Swiss National Bank sold foreign currency totalling 132.9 billion Swiss francs ($149.51 billion) in 2023.
Egypt’s economy remains resilient amid global challenges – Tarek Fayed
Tarek Fayed, Chairman of Banque du Caire, said on Sunday that the Central Bank of Egypt's (CBE) recent decisions…
Egyptian pound settles at 49.5 after floating currency
Egypt's pound remained stable on Thursday at 49.5 against the dollar, similar to the previous day's closing rate,…
Egypt’s PM praises CBE’s decisions
Mostafa Madbouly commended the Central Bank’s decisions amid transitioning towards a flexible framework for…
UAE’s UDC to build new urban community in Cairo
Egypt's New Urban Communities Authority (NUCA) and the UAE’s UDC, real estate development company, signed a…
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…
Nigeria owes JP Morgan, Goldman Sachs $7.5bln
The Central Bank of Nigeria (CBN) is owing a $7.5 billion to American banks, JP Morgan and Goldman Sachs, according…
Egypt’s ENR to establish new spare parts manufacturing company
The Egyptian National Railways (ENR) and Lenza Egypt for Projects Engineering Equipment will cooperate to build a…
CBE: banks loan jump to EGP 4.399 trln by Mar-end
The Central Bank of Egypt (CBE) reported on Thursday that the lending balances rose to 4.399 trillion Egyptian…
