News
Egypt Cuts Inflation to 12% as Reserves Rise to $52.6bn, Central Bank Says | Sada Elbalad
2+ hour, 19+ min ago (338+ words) Egypt Cuts Inflation to 12% as Reserves Rise to $52.6bn, Central Bank Says'Sada Elbalad english Egypt Cuts Inflation to 12% as Reserves Rise to $52.6bn, Central Bank Says Egypt's Central Bank Governor Hassan Abdalla said Egypt has succeeded in sharply reducing inflation to around…...
Silver Prices Decline Locally Despite a Continued Bullish Global Trend | Sada Elbalad
1+ day, 3+ hour ago (552+ words) Silver prices declined in the local market during last week's trading, pressured by lower global prices, profit-taking activities, a stronger U.S. dollar, and easing geopolitical tensions, according to a report issued by the Safe Haven Center. The report noted that 999-fine…...
Trump's Administration Backs Strong Dollar Policy, Says Bessent | Sada Elbalad
2+ day, 46+ min ago (244+ words) U.S. Treasury Secretary Scott Bessent said Friday that President Donald Trump remains committed to a strong dollar policy, despite the recent decline in the U.S. currency amid broader market fluctuations. Speaking to CNBC, Bessent emphasized that the core of a strong dollar…...
Sterling Slips as Dollar Gains on Expectations of Warsh Fed | Sada Elbalad
1+ week, 3+ day ago (406+ words) The British pound fell against the U.S. dollar on Friday, as the greenback strengthened on growing expectations that former Federal Reserve governor Kevin Warsh will be named the next chair of the U.S. federal reserve. Sterling was last down 0.56% at $1.3742, posting similar…...
Egypt’s Surge in Tax Revenues Boosts Primary Budget Surplus
1+ mon, 1+ day ago (291+ words) Egypt's public finances showed marked improvement in the first half of the 20252026 fiscal year, as a sharp rise in tax revenues helped lift the primary budget surplus and stabilize the overall deficit, according to a statement released by the Ministry…...
Argentina Sells Dollars to Stem Peso Slide as New FX Rules Take Effect
1+ mon, 5+ day ago (299+ words) Argentina's government stepped into currency markets on Friday, selling an estimated $150 million to $200 million in U.S. dollars to curb a decline in the peso, according to traders familiar with the matter." The intervention came on the first day of trading under…...
Bulgarians Start Withdrawing Euros from Cash Machines for 1st Time
1+ mon, 6+ day ago (152+ words) Bulgarians began withdrawing euros for the first time on Thursday after the nation officially joined the eurozone as its 21st member, marking a historic step in its deeper integration into the European Union. Cash machines in the capital, Sofia, dispensed brand-new…...
Federal Reserve Acknowledges Widening Economic Inequality in US
1+ mon, 1+ week ago (444+ words) Senior officials at the U.S. Federal Reserve have acknowledged that monetary policy decisions made in recent years have contributed to widening economic inequality in the United States, an imbalance the central bank says it cannot quickly or easily resolve. During the…...