Egypt’s investments hit EGP1.6t in FY 23/2024
Egypt's total investments under the fiscal year plan 2023/24 have reached 1.6 trillion Egyptian pounds, with an…
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China reveals key interest rate reform to support a slowing economy
China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for…
Bank of Japan: no rate hike ‘for an extended time’
The Bank of Japan is unlikely to raise interest rates for “quite some time” and recent steps to make policy more…
Egypt’s unemployment rate fall 10.6% in Q1
Egypt's unemployment rate dropped to 10.6 percent in the first quarter of 2018, in comparison to 12 percent in 2017…
World Bank expects Egypt economy to grow 5 percent in 2018
The World Bank (WB) raised its forecast for the growth rate of the Egyptian economy to grow 5 percent in the…
Egypt to maintain customs exchange rate at 16 pounds per $1 for 6 month in a row
Egypt has decided to maintain its current customs exchange rate of EGP 16 per $1, effective in April, for the…
Dollar firm as market looks to Fed for rate hike outlook
The dollar held firm against major currencies on Wednesday as traders look to whether the U.S. Federal Reserve…
Gold inches lower ahead of key US data
Gold prices crept lower on Tuesday on a firmer dollar as investors waited for U.S. consumer price data due later…
Egypt to maintain customs exchange rate at 16 pounds per $1 in March
Egypt will maintain its current customs exchange rate of 16 Egyptian pounds per 1 US dollar, effective until the…
Gold prices flat, Fed’s rate hike outlook weighs
Gold prices were unchanged near a more than two-week low early on Wednesday, as the dollar held recent highs after…
AfDB 2023