Dollar steadies as traders eye Fed for interest rate clues
The dollar struggled to gain traction on Wednesday, with investors awaiting the outcome of a Federal Reserve…
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Egypt’s ICT sector expects 13% growth in 2016; former minister says
Egyptian ICT sector is expected to achieve a growth rate of 13 percent in 2016, former communications minister…
Egypt’s electronic payment platform Fawry eyes 50% growth rate in 2016
Fawry Company for e-payment targets a growth rate between 35% and 50% in 2016. The company aims to launch a new…
IMF slashes global growth forecast as China, falling oil prices weigh
The International Monetary Fund cut its global growth forecasts for the third time in less than a year Tuesday,…
Egypt’s pharmaceutical market reaches $4.5bn as annual consumption grows 15%
Egyptian pharmaceuticals market is worth around 35 billion Egyptian pounds (US$4.46 billion), Chairman of…
Fed awards $277.45 billion in one-day reverse repos
The Federal Reserve on Wednesday awarded $277.45 billion of one-day fixed-rate reverse repurchase agreements to 82…
Wall Street in 2016: What could possibly go wrong?
By all rights, 2016 should be a good year for the U.S. stock market. The Federal Reserve's recent rate hike signals…
Egypt bond auction yields to rise 20 bps after rate hike: Bankers
Yields on Egypt's 18-month, three-year, and seven-year Treasury bonds are likely to rise by no more than 20 basis…
Dollar adrift in a sea of central bank uncertainty
The dollar drifted lower in light Asian trading on Monday amid doubts about how far and fast the Federal Reserve…
Asian central banks, governments breathe sigh of relief after Fed lifts off
Asian governments and central bankers breathed a collective sigh of relief on Thursday after currencies edged up…