US stocks closed higher, recording gains for the second week in a row, on Friday, as shares of JPMorgan Chase and other banks rose after announcing their results for the fourth quarter, at the start of the corporate earnings season. The stocks of financial institutions were among the largest sectors supporting the index. JPMorgan Chase … Read more
decision reflected central bank By applying a flexible exchange rate system, on the movements of the pound against foreign currencies, during the past week, and a record dollar A record level that exceeded 32 pounds, before it retreated to the lowest level of 30 pounds, and the Kuwaiti dinar continued to be the highest value … Read more
We publish Exchange rates Against the Egyptian pound today, Wednesday 11-01-2023, in morning trading at the National Bank of Egypt, where it recorded price in dollars Against the pound, £27.45 buying, £27.50 selling, the Saudi riyal was £7.29 buying and £7.32 selling, while the Kuwaiti dinar was £86.77 buying and £89.91 on sale. “The Seventh … Read more
US stocks closed with big gains on Wednesday, supported by a jump in the Nasdaq index, amid investor optimism ahead of the US inflation report, which could pave the way for the Federal Reserve (the central bank of the US States) to slow the pace of raising interest rates. Economists polled by Reuters had expected … Read more
Former Federal Reserve Chairman Alan Greenspan has warned that the US economy will experience a recession due to the Fed’s tightening policies. Greenspan added: “Although the last two inflation reports have shown a slowing rate of price increase, that doesn’t change the fact that prices are still rising… Official inflation data may remain weak in … Read more
We publish the exchange rates against the Egyptian pound today, Sunday 12-18-2022, according to the latest update from the National Bank of Egypt, where the price of the dollar today against the Egyptian pound recorded 24.61 pounds for the purchase, and £24.66 for selling, while the exchange rate of the Qatari riyal against the pound … Read more
settled Exchange rates Today, Friday 12-16-2022, in the banks operating in Egypt against the Egyptian pound, as the price of the dollar against the Egyptian pound has been set at 24.61 pounds for buying, and 24.66 pounds for selling, and the riyal Saudi Arabian against the pound at a price of £6.54 to buy and … Read more
Russia’s central bank maintained its key interest rate at 7.5% for a second consecutive meeting on Friday, December 16, but indicated that inflation risks are rising. The Bank of Russia has cut interest rates 6 times so far this year and the key rate remained stable at 7.5% in October, after cutting 50 basis points … Read more
VillageOver the past 30 days, cryptocurrency exchanges have witnessed the largest exodus in history, with more than $3 billion in cryptocurrency outflows. According to the data, nearly 200,000 bitcoins have been withdrawn from digital currency exchanges in the past 30 days, worth $3.4 billion. This comes after cryptocurrency exchange FTX announced in the middle of … Read more
A Reuters poll reported The US dollar could recover Against a number of other currencies within the next year, due to growing concerns about the possibility of an economic recession in the US, which increases the demand for the US dollar as a safe haven in times of economic turmoil. In light of expectations on … Read more