1+ day, 6+ min ago   (862+ words) S&P Global Ratings has affirmed Saudi Arabia’s long- and short-term sovereign credit ratings in both foreign and local currencies at A+/A-1, maintaining a stable outlook as the Kingdom navigates the economic and fiscal pressures stemming from the wider…...

3+ day, 10+ hour ago   (200+ words) Egypt’s annual urban inflation rate eased to 14.5% in August from 14.9% in July, data from the Central Agency for Public Mobilization and Statistics (CAPMAS) showed on Thursday. Annual inflation for the country as a whole fell to 12.7% in August from 13% in…...

4+ day, 2+ hour ago   (594+ words) The U.S. dollar rose against the Egyptian pound at the close of trading on Wednesday, with the greenback gaining at most banks operating in Egypt’s local market. Al Ahli Bank of Kuwait recorded the highest dollar buying rate at EGP 51.27, while…...

4+ day, 2+ hour ago   (753+ words) An analysis by Marsad Al Dahab points to a gradual shift in the management of Egypt’s gold reserves, with the Central Bank’s holdings rising from around 75 tonnes for decades to nearly 130 tonnes, alongside expanded purchases of locally produced gold through…...

1+ week, 2+ hour ago   (597+ words) The U.S. dollar edged lower against the Egyptian pound at the close of trading on Sunday, September 6, 2026, with the currency retreating across several local banks as the Egyptian foreign-exchange market continued to absorb regional and external pressures. The latest bank rates…...

1+ week, 6+ day ago   (507+ words) The U.S. dollar edged higher against the Egyptian pound at the close of trading on Sunday, with the greenback strengthening at most banks operating in Egypt’s banking market. The move came as investors continued to monitor Egypt’s external position and the…...

2+ week, 1+ day ago   (386+ words) Central banks are likely to increase their gold purchases as they reassess their reliance on the U.S. dollar, HSBC said in a recent report, reviving debate over the currency’s long-term position as the world’s dominant reserve asset. The bank said growing…...

2+ week, 1+ day ago   (312+ words) The U.S. dollar strengthened on Friday, extending its gains after Federal Reserve Chair Kevin Warsh signaled that interest rates may need to rise if policymakers are not convinced that inflation is moving back toward the central bank’s 2% target. In his first…...

2+ week, 6+ day ago   (373+ words) Christine Lagarde, president of the European Central Bank, has emerged as a potential candidate to lead the World Economic Forum as the organization prepares for a new phase of leadership following the departure of its founder, Klaus Schwab. The potential…...

3+ week, 1+ day ago   (641+ words) Lebanon’s fragile economic recovery is facing a renewed setback, with the World Bank forecasting a 6.4% contraction in real GDP in 2026 as the latest war weighs on tourism, consumer spending, supply chains and business activity. The forecast highlights the depth of the…...