Central Bank of Egypt sells $1.3bn in its first exceptional auction
CBE set to hold an exceptional dollar auction of $1.3bn on Wednesday…
Second consecutive year of recession: World Bank
The World Bank has assessed Egypt’s economic growth in the second quarter…
Brazil to spend $55bn to defend sagging real
The Brazilian currency, which has been at its lowest level against the…
Inflation climbs to 10.3 % in July
Annual inflation increases to 10.28% in July compared to 9.75% in June
Government plans urgent measures to curb inflation
Ministerial economic group to take measures to combat rising prices of consumer…
Central bank reduces its interest rates by 50 basis points
According to a statement on the bank’s website, the discount and repurchasing…
Finance minister directs Gulf aid to foreign reserves and state budget
Expert: Value of aid is “economically misleading” and unlikely to raise the…
Gulf aid bolsters Egyptian pound against the US dollar
Egypt receives aid packages from Saudia Arabia, UAE, and Kuwait
Moody’s: Gulf aid is “credit positive”
Qatar, meanwhile, had granted Egypt $2.5bn in loan last January, and extended…
Annual inflation soars to 9.8% in June
Financial experts predict inflation levels to further accelerate in the coming months…