Bitcoin set a new record high on Saturday breaking through the $6,100 barrier. The cryptocurrency hit an …
currency
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Industry & Trade
CAPMAS: Egypt’s annual inflation rate drops 31.6% in September
by Yomna Yasserby Yomna YasserEgypt’s annual urban consumer price inflation eased slightly in September to 31.6 percent from 31.9 percent in …
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Asian markets rose across the board on Friday, ahead of the crucial U.S. nonfarm payrolls data due …
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Industry & Trade
Moody’s says Egypt economy still recovering from 2011 uprising
by Yomna Yasserby Yomna YasserAn international credit rating agency says Egypt’s economy has started to improve but has yet to recover …
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Financial Institutions
Foreign investments in Egypt debt reach $17.6bn since pound float
by Yomna Yasserby Yomna YasserForeigners have invested a total of $17.6 billion in Egyptian debt instruments since the central bank of …
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forex news
Yuan’s 2017 advance helps draw foreigners to China stocks, bonds
by Yomna Yasserby Yomna YasserYuan’s surge this year has helped increase foreign purchases of Chinese bonds and stocks. Now Beijing appears …
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forex news
Euro inches higher ahead of ECB; loonie stands tall after BoC rate hike
by Yomna Yasserby Yomna YasserEuro prices held firm on Thursday ahead of a European Central Bank policy meeting, while the Canadian …
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Banks
Egypt clears huge financial backlog as it rebounds from USD shortage
by Yomna Yasserby Yomna YasserEgypt has cleared a multibillion-dollar backlog of foreign-currency requests from importers and foreign companies since floating the …
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Financial Institutions
Customs exchange rate to fall to 16 Egyptian pounds pounds in September: minister
by Yomna Yasserby Yomna YasserEgypt will lower its customs exchange rate to 16 pounds per dollar from 16.25, effective September 1, …
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forex news
Euro rises to 2-1/2-year high after Draghi refrains from talking down currency
by Yomna Yasserby Yomna YasserThe euro extended gains to a 2-1/2-year high against the dollar on Monday after the European Central …