money

There’s a 98 percent chance of a global recession, research firm warns
World

There’s a 98 percent chance of a global recession, research firm warns

New York CNN Business  —  Warning lights are flashing in the global economy as high inflation, drastic rate hikes and…
CBE raises required reserve ratio from 14% to 18%
Business

CBE raises required reserve ratio from 14% to 18%

The Central Bank of Egypt decided on Saturday to raise the required reserve ratio in banks from 14 percent to…
Dollar exchange rate stable at Egypt major banks
Egypt

Dollar exchange rate stable at Egypt major banks

CAIRO, Aug 7 (MENA) – The US dollar exchange rate was stable at the beginning of Sunday’s transactions at Egypt’s…
Amazon beats expectations to avoid tech earnings slump
World

Amazon beats expectations to avoid tech earnings slump

(CNN Business) – Amazon appears to still be going strong even as other Big Tech companies stumble amid pressure from…
Photos: Egypt releases first Polymer banknotes 
Economy

Photos: Egypt releases first Polymer banknotes 

The Central Bank of Egypt has introduced the ten-pound denomination of plastic (polymer) notes, produced using the latest banknote production…
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
Business

US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years

The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive…
US dollar climbs to its highest level in 20 years
Economy

US dollar climbs to its highest level in 20 years

The US dollar rose to a 20-year high on Monday as a combination of rising US Treasury yields and closures…
Recession fears are mounting. Here’s how to protect your money
World

Recession fears are mounting. Here’s how to protect your money

Warnings of a potential recession aren’t surprising given how many tripwires there are in today’s economy. A push by the…
US dollar exchange rate in Egypt maintains stable prices
Egypt

US dollar exchange rate in Egypt maintains stable prices

The National Bank of Egypt announced the update of currency rates on Monday. The US dollar maintained stable price:s while…
Turkey’s new credit guarantee fund package worth 60 bln lira, minister says
Middle East

Turkey’s new credit guarantee fund package worth 60 bln lira, minister says

ANKARA, Feb 12 (Reuters) – Turkey’s finance minister announced on Saturday a new credit guarantee fund package worth 60 billion…
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