August 10, 2022
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Turkey Latest News

Turkey, UAE central banks ink $4.7B currency swap deal

January 19, 2022 MEO Staff

The central banks of Turkey and the United Arab Emirates (UAE) have inked a swap agreement with a nominal size of 18 billion UAE dirhams and TL 64 billion ($4.7 billion), the Central Bank of [ More … ]

Turkey Latest News

Turkish Lira firms against dollar as Turkey searches for foreign funds

May 16, 2020 MEO Staff

Turkey officials have held talks with Japan and the UK on setting up currency swap lines, sources tell Reuters. The recently embattled Turkish lira edged up on Friday and held gains from late Thursday following reports that [ More … ]

Egypt Latest News

Egyptian Pound Continues to Decline in the Parallel Market

October 27, 2016 Ahmed Rashed

Egypt’s currency crisis is escalating as its national currency continues to decline against the dollar in the parallel market, amid growing signs of a currency devaluation, with the government talking about painful necessary economic reforms, [ More … ]

Egypt Latest News

The IMF Reached A Preliminary Agreement With The Egyptian Government

August 11, 2016 Ahmed Rashed

Two government sources said that Egypt has reached a preliminary agreement with the International Monetary Fund after nearly two weeks of talks to secure a $12 billion (9.25 billion pounds) lending programme and will make [ More … ]

Egypt Latest News

The CBE Raises the Interest Rate to its Highest Level in a Decade

June 17, 2016 Ahmed Rashed

After a debatable meeting, the Central Bank of Egypt (CBE) decided to raise its benchmark interest rate to the highest level in at least a decade. The CBE decision aims to contain inflation and rise [ More … ]

Egypt Latest News

Black Market Dealers Carry out External Transactions to Escape CBE Policies

June 16, 2016 Ahmed Rashed

The efforts of the Central Bank of Egypt (CBE) to abolish illegal currency trading are pushing black market dealers towards carrying out external transactions, to remain away from the reach of the law.  The black [ More … ]

Latest

Egypt: Current political climate prompts public figures to stop sharing views publicly

Egypt Latest News
August 9, 2022

Rising cost of Egypt’s most popular dish, Koshari, causes concern among citizens

Egypt Latest News
August 8, 2022

Egypt: Former army colonel dies in prison due to medical negligence

Egypt Latest News
August 6, 2022

KSA acquires stake in largest Egyptian fertilizer company, MOPCO

Egypt Latest News
August 5, 2022

Egypt: A high school student dies in police station; police say his death was natural

Egypt Latest News
August 4, 2022
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