Bank of Egypt Lowers Interest Rates on Dollar Savings Certificates The Bank of Egypt announced a reduction in interest rates for its popular dollar-denominated savings certificates, effective December 24, 2024. This move follows a recent interest rate cut by the U.S. Federal Reserve. according to a bank statement, the annual return on the “al-Qimma” certificate … Read more
Bitcoin, the world’s leading cryptocurrency, suffered its first major weekly price decline since donald Trump’s election victory in 2016, marking a significant shift in the market. The cryptocurrency plummeted over 10%, erasing approximately $10,500 from its value, after reaching an all-time high of $108,135 on December 17th. This downturn comes on the heels of a … Read more
Egyptian Pound slides against the Dollar The Egyptian pound weakened against the US dollar on Thursday, December 19, 2024, with several major banks reporting increases in the exchange rate. The shift reflects ongoing economic pressures in the region and underscores the fluctuating nature of global currency markets. data compiled from ten leading Egyptian banks reveals … Read more
Gold Prices tumble After Fed’s Rate cut Announcement Table of Contents Gold Prices tumble After Fed’s Rate cut Announcement Fed Rate Cut: Inflation Concerns Persist despite action Precious Metals Take a Hit Falling Gold Prices: A Look at the Fed’s Impact Gold prices took a meaningful hit on Wednesday,December 18th,plummeting over 1% to their lowest … Read more
US stock Market Futures Rise Ahead of Crucial Fed Decision Table of Contents US stock Market Futures Rise Ahead of Crucial Fed Decision nvidia Stock Recovers, Broadcom Dips amid Tech Sector Volatility Global Markets Show Volatility Amidst AI Hype and Geopolitical Shifts China Returns to Dollar Bond Market After Three-Year Hiatus Asian Markets React to … Read more
Fed rate decision Looms as Dollar Holds Strong Table of Contents Fed rate decision Looms as Dollar Holds Strong Global Economic Uncertainty Impacts Aussie and Kiwi Dollars Global Markets Show Volatility Amidst AI Hype and Geopolitical shifts Prominent Investor Questions Nvidia’s AI-Fueled Stock Surge China Returns to Dollar Bond Market After Three-Year Hiatus Asian Markets … Read more
Syrian Pound Takes a Dive Against the US Dollar Table of Contents Syrian Pound Takes a Dive Against the US Dollar Syrian Pound Shows Signs of Stabilization on Black Market Syrian Pound Plummets: Expert Analyzes the Causes and consequences of Latest Downturn A Sudden and Meaningful Shift The fallout for Everyday Syrians understanding the Causes: … Read more
Oil Prices Soar on Sanctions Speculation adn Economic Optimism Table of Contents Oil Prices Soar on Sanctions Speculation adn Economic Optimism Futures Prices Climb Factors Contributing to the Price Increase International Developments Exacerbate Market Pressures Egyptian Real Estate Sees Growth in Commercial and Administrative Units Nasr City Market Sees Temporary Expansion Optimizing Website Engagement with … Read more
Venezuela’s currency, the bolivar, remains volatile against the U.S. dollar, reflecting the ongoing uncertainty surrounding the country’s political future in the wake of recent elections.As of December 8th,the Central Bank of Venezuela (BCV) pegged the official exchange rate at 48.1 bolivars to the dollar. While Venezuela’s official exchange rate paints a picture of relative stability,a … Read more
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