News
Egypt's Central Bank Holds Interest Rates Steady
2+ hour, 4+ min ago (165+ words) Sada Elbalad english Egypt's Central Bank Holds Interest Rates Steady The Central Bank of Egypt has decided to keep key interest rates unchanged following the latest meeting of its Monetary Policy Committee on Thursday. The bank said it would maintain…...
US Inflation Pressures Mount as Wholesale Prices Jump at Fastest Pace Since 2022
1+ week, 21+ hour ago (288+ words) Inflationary pressures are intensifying across the United States economy, with wholesale prices rising sharply in April at their fastest annual pace in more than three years, underscoring renewed strain on consumers and businesses amid higher energy costs and global uncertainty....
Morgan Stanley: Dollar's Share of Global Reserves Falls to 56%
2+ week, 23+ hour ago (322+ words) A report by Morgan Stanley indicates that the U. S. dollar's share of global foreign exchange reserves declined to 56% by the end of 2025, marking a drop of seven percentage points from its peak in 2016. In contrast, gold has emerged as a major…...
Egypt Ships 237, 000 Tons of Food Exports in Week to April 24: NFSA
3+ week, 4+ day ago (279+ words) Egypt exported 4, 149 food consignments totaling about 237, 000 tons in the week to April 24, the National Food Safety Authority (NFSA)said on Sunday. The shipments, carried out by 1, 512 exporting companies, covered around 760 products including fruits, vegetables, flour and grain-based goods, according to…...
CBE Details Drivers Behind Egypt's Inflation Surge
1+ mon, 2+ day ago (353+ words) Egypt's annual urban inflation accelerated to 15. 2% in March 2026, up from 13. 4% in February, driven primarily by rising fuel and food costs, according to a report released by the Central Bank of Egypt. The Central Bank of Egypt (CBE) attributed the increase…...
US Budget Deficit Widens to $164 Billion on Tax Refund Surge
1+ mon, 1+ week ago (193+ words) The United States recorded a federal budget deficit of $164 billion in March, marking a modest increase of $4 billion, or 2%, compared with the same month last year, according to data released by the Treasury Department. The rise in the deficit was…...
Pound Sterling Posts Strongest Weekly Rally in Three Months on Ceasefire Optimism
1+ mon, 1+ week ago (257+ words) The British pound edged lower on Friday but remained on track for its strongest weekly performance in three months, buoyed by growing market optimism over a potential ceasefire between the United States and Iran. Sterling slipped 0. 15% to trade at $1. 342, trimming…...
White House: Kevin Warsh Set to Lead Federal Reserve in May
1+ mon, 1+ week ago (218+ words) The White House indicated that Kevin Warsh is expected to take over as Chair of the Federal Reserve in May, as uncertainty continues to surround the future of current Chair Jerome Powell. According to White House economic adviser Kevin Hassett,…...
CBE Cuts Growth Forecast to 4. 9% amid Regional Turmoil, Rising Global Prices
1+ mon, 2+ week ago (367+ words) Egypt's central bank (CBE) has lowered its economic growth forecast for the 2025/26 fiscal year to 4. 9%, citing escalating regional tensions and their ripple effects on global markets, in a signal of mounting external pressures on the domestic economy. In its latest…...
Amazon Imposes 3. 5% Surcharge on Sellers as Fuel Costs Surge
1+ mon, 2+ week ago (339+ words) Amazon announced a 3. 5% surcharge on third-party sellers using its fulfillment services, citing rising fuel costs driven by escalating geopolitical tensions. The decision comes as the conflict involving Iran enters its fifth week, triggering a sharp increase in oil prices and…...