money

Pakistani rupee plummets as markets adjust to removal of unofficial controls
World

Pakistani rupee plummets as markets adjust to removal of unofficial controls

The Pakistani rupee fell 9.6% against the dollar on Thursday, central bank data showed — the biggest one-day drop in…
Finance min: Societal dialogue on new budget to be launched in coming few days
Egypt

Finance min: Societal dialogue on new budget to be launched in coming few days

Finance Minister Mohamed Maait said that a societal dialogue on the 2023/2024 budget will be launched in the coming few…
ITFC to provide US$1.5 billion to Egypt during 2023
Economy

ITFC to provide US$1.5 billion to Egypt during 2023

Minister of Planning and Economic Development, and Governor of Egypt at the Islamic Development Bank Group, Hala al-Saeed announced that…
CBE cancels fees on bank transfer and mobile wallet
Egypt

CBE cancels fees on bank transfer and mobile wallet

The Board of Directors of the Central Bank of Egypt has chosen to exempt customers dealing with electronic payment and…
Limiting use of bank cards abroad prevents manipulation, says Egyptian expert
Egypt

Limiting use of bank cards abroad prevents manipulation, says Egyptian expert

Egyptian economist Hani Abul-Fotouh said that the withdrawal of foreign currency from outside the country using Egyptian bank cards is…
Gov’t: IMF’s approval of new support package reflects confidence in Egypt’s ability to meet int’l obligations
Egypt

Gov’t: IMF’s approval of new support package reflects confidence in Egypt’s ability to meet int’l obligations

The International Monetary Fund’s (IMF) recent approval of Egypt’s comprehensive national economic reform program is a further confirmation of the…
CBE to receive billion dollars from RSF in January
Business

CBE to receive billion dollars from RSF in January

Informed sources said that the loan decided by the Resilience and Sustainability Facility (RSF), of the International Monetary Fund recently…
Soaring food prices in Egypt to ease soon, assure officials
Egypt

Soaring food prices in Egypt to ease soon, assure officials

Members of the Egyptian chambers of commerce announced that the soaring prices of several commodities in the Egyptian market is…
‘It changes nothing.’ Nigerians unimpressed with redesigned banknotes
World

‘It changes nothing.’ Nigerians unimpressed with redesigned banknotes

Abuja, Nigeria CNN Business  —  Nigerians have criticized the “redesigning” of the country’s local currency proposed by its central bank…
Crypto crash and gold sell-off show there’s no place for investors to hide
Technology

Crypto crash and gold sell-off show there’s no place for investors to hide

New York CNN Business  —  The spectacular implosion of cryptocurrency exchange FTX, a so-called unicorn startup that was recently valued…
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