Interest rate likely to fall by 1 to 2% in 2019: Hermes
EFG Hermes, a leading financial group and one of the biggest investment banks in Egypt, expected on Thursday that…
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interest rates
Egypt seen holding key interest rates as inflation retreats: Reuters poll
Egypt’s central bank is expected to keep key interest rates unchanged at its meeting on Thursday after inflation…
European markets close lower in shortened session; French CAC drops 1.5%
European markets closed lower Monday following a session of heavy selling stateside last week.
Egyptian Exchange opens Thursday in red
The Egyptian Exchange (EGX) has seen a downward early Thursday as the US Federal Reserve raised interest rates.
Chinese banks drag mainland markets lower; Japan down over 3%
Asian markets were broadly lower on Thursday afternoon after the U.S. Federal Reserve raised interest rates for the…
Egypt’s annual urban inflation falls 15.7% in Nov.
Egypt's annual urban consumer price inflation dipped to 15.7 percent in November from 17.7 percent in October, the…
Dollar slides as US jobs data dents Fed tightening outlook; yuan on back foot
The dollar slid almost half a percent against the euro and the yen on Monday after soft U.S. payrolls data fueled…
Gold steady near 5-month peak on easing rate hike view
Gold held steady near a five-month peak hit early on Monday, supported by a disappointing U.S. jobs report that…
Dollar slips after weak jobs report, set for biggest weekly drop in 2 months
The U.S. dollar fell after the weaker-than-expected monthly job report was released, suggesting the Federal Reserve…
Dow ups 600 points, biggest rally in 8 months, after Powell signals rates are near neutral
U.S. stocks ripped higher on Wednesday after Federal Reserve Chairman Jerome Powell said interest rates are close…