Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors …
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forex news
Dollar on defensive after Fed leaves rate outlook unchanged
by Yomna Yasserby Yomna YasserThe dollar remained on the defensive on Thursday, having tumbled after the Federal Reserve raised interest rates …
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Financial Institutions
Egypt’s Bitcoin scene seemingly growing despite looming uncertainties
by Yomna Yasserby Yomna YasserIn a widely reported announcement, the founders of Bitcoin Egypt said in August that their project would …
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World
European shares close after recovering the day’s losses; Steinhoff tanks 63%
by Yomna Yasserby Yomna YasserEuropean markets closed lower by a small margin Wednesday afternoon as investors reacted to a slump in …
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Financial Institutions
Bitcoin hits record $10k the night of big crypto conference and everyone parties
by Yomna Yasserby Yomna YasserBitcoin enthusiasts have a lot of growth to celebrate. Not only is the digital currency surging, but …
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Egypt’s inflation dipped for the third month in a row in October after hitting a record high …
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Banks
Egypt pays off by floating local currency in economic reform – experts
by Yomna Yasserby Yomna YasserThe relative growth of foreign investment and the sharp decline of foreign exchange black market are among …
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Financial Institutions
Foreign investment in Egyptian securities jumps to $18.8bn in October
by Yomna Yasserby Yomna YasserForeign investment in Egyptian securities rose to $18.8 billion in October, a year after the central bank …
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forex news
Euro is on the rise as Spain-Catalonia showdown remains a worry
by Yomna Yasserby Yomna YasserThe euro was on the rise on Thursday as investors awaited a key deadline in the running …
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World
Most Asian markets climb despite softer Wall Street close; yuan strengthens
by Yomna Yasserby Yomna YasserMost Asian shares climbed in early Tuesday trade as markets shrugged off the softer close on Wall …