Central Bank of Egypt Reports Record Treasury Bill Issuance Amid Declining Yields Table of Contents Central Bank of Egypt Reports Record Treasury Bill Issuance Amid Declining Yields Treasury Bill Auction Highlights Key Data from the Auction Broader Debt Issuance Trends Declining Yields Across Maturities future Debt issuance Plans Why This Matters Central … Read more
The Egyptian banking sector has witnessed a remarkable surge in deposits and loans during the first nine months of 2024, according to the latest data released by the Central Bank of Egypt. The total deposits in the banking sector soared by 2.727 trillion pounds, reaching 12.89 trillion pounds by the end of September 2024, compared … Read more
Egypt’s Banking Sector Expands: A Surge in Branches, ATMs, and electronic Payment Systems Egypt’s banking sector has witnessed remarkable growth, driven by strategic initiatives from the Central Bank of Egypt. By the end of June 2024, the total number of bank branches operating in the country reached 4,717, marking an increase of 79 branches … Read more
Egypt’s Financial Resilience: $38.7 Billion in Debt Payments and Rising Foreign Reserves Table of Contents Egypt’s Financial Resilience: $38.7 Billion in Debt Payments and Rising Foreign Reserves A Commitment to Financial Obligations Rising Foreign Reserves: A Sign of Economic Strength key Takeaways: Egypt’s Financial Milestones in 2024 Looking Ahead: Sustaining Momentum Final Thoughts … Read more
Gold Price Predictions: A Bullish Outlook for 2025? Table of Contents Gold Price Predictions: A Bullish Outlook for 2025? Factors Driving Gold’s Potential Rise Gold’s Rising Star: Geopolitical Uncertainty and Economic factors Fueling Prices BRICS Nations’ Gold Accumulation: A Significant Market Shift Geopolitical Instability: A Persistent Threat Federal Reserve Interest Rates: A Key Influencing Factor … Read more
China’s Central Bank Forecasts Stable Economic Growth, Implements Moderate Monetary Policy Table of Contents China’s Central Bank Forecasts Stable Economic Growth, Implements Moderate Monetary Policy Global Market Volatility: Expert Analysis and Investor Concerns Understanding the Underlying Factors Investor Sentiment and Strategic Responses Stay Connected with Oriental Fortune on WeChat How to Follow Oriental Fortune on … Read more
Egypt Receives Major Financial Lifeline: $8 Billion IMF Loan and More Table of Contents Egypt Receives Major Financial Lifeline: $8 Billion IMF Loan and More Beyond the IMF: European Union Support Egypt Secures $2 Billion in Loans amidst Economic Restructuring Significant Debt Repayment Burden Egypt’s Economic Lifeline: An interview on the Recent financial Boost Egypt’s … Read more
US inflation Cools, but Fed Rate Cut outlook Remains Cautious Table of Contents US inflation Cools, but Fed Rate Cut outlook Remains Cautious Fed Cuts Rates,Inflation Cools But Concerns Linger Decoding Inflation: CPI vs. PCE Fed Cuts Rates, Inflation Cools But Concerns Linger Navigating a Shifting Economic Landscape The PCE Index: A Window into Consumer … Read more
06:52 PM Friday, November 1, 2024 Manal Al-Masry wrote:The International Monetary Fund expects headline inflation in Egypt to approach 16% by the end of the 2024/25 fiscal year, as base-year effects fade and the central bank continues to continued a tight monetary policy with high interest rates. Inflation rate accelerated in the last two months, … Read more
“In any case, we are not getting richer,” Johannes Turner, director of the OeNB’s statistics department, told reporters on Wednesday. It is also evident that in Austria, compared to the euro area, very large amounts of money flow into investments, but very little into retirement provision. In this country, only 15 percent of financial assets … Read more