Foreigners have invested a total of $17.6 billion in Egyptian debt instruments since the central bank of …
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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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Banks
Egypt’s policy measures improve banking but investments slow: BLOM official
by Yomna Yasserby Yomna YasserEgypt’s policy decisions last November to float the pound and subsequently raise interest rates have improved conditions …
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forex news
Dollar on defensive after Fed minutes dampen rate hike prospects
by Yomna Yasserby Yomna YasserU.S. dollar prices were on the defensive on Thursday after the minutes from the Federal Reserve’s last …
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forex news
Dollar falls vs euro, sterling as ECB, BoE open door to hawks
by Yomna Yasserby Yomna YasserThe dollar wallowed at one-year lows against the euro and slipped against sterling in Asian trade on …
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forex news
Pound sterling soars above $1.27 on hawkish view by BOE’s chief economist
by Yomna Yasserby Yomna YasserThe pound sterling pushed above $1.27 Wednesday, erasing losses following hawkish comments made by the Bank of …
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forex news
Dollar advance stalls as oil slides, pound struggles near 2-month low
by Yomna Yasserby Yomna YasserDollar prices pulled back from one-month highs against a basket of currencies on Wednesday as tumbling oil …
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World
Asian markets close mostly higher, pound weaker on UK hung parliament
by Yomna Yasserby Yomna YasserThe pound dropped on Friday in Asia as elections in the U.K. ended in a hung parliament, …
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Banks
Egypt unexpectedly hikes key interest rates by 200 basis points
by Yomna Yasserby Yomna YasserEgypt’s central bank has raised on Sunday its key interest rates by 200 basis points during a …
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forex news
Dollar falls by Xi-Trump summit nerves, geopolitical concerns
by Yomna Yasserby Yomna YasserDollar prices slipped against a basket of currencies on Thursday, weighed down by caution over the impending …