Author: Steven Sahiounie

Wall Street’s main stock indices pulled back Friday after a slew of data this week dampened hopes for earlier rate cuts from the Federal Reserve, while European equities held near recent highs.

NEW YORK – The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the U.S. economy remained stable with small pockets of weakness, suggesting the Federal Reserve could keep interest rates higher for longer or reduce the planned number of rate cuts this year.

The ECB kept borrowing costs at a record high this month but said it had made good progress in bringing down inflation

The Egyptian government has finally released 25,000 cars for Egyptians living abroad under the tax-free car import initiative, Minister of Finance Mohamed Maait stated.

These expectations are driven by the anticipated package from the International Monetary Fund (IMF) and partners to Egypt, in addition to the Ras El-Hekma deal

The average diesel shipments from the Middle East to Europe reached 374 thousand barrels per day in February, the highest level in two months

The Egypt Expo and Convention Authority (EECA) showcased an Egyptian pavilion at the 24th edition of the Xiamen Stone Fair. This event is taking place in Xiamen, China,

The Fed has raised interest rates to a 23-year high of between 5.25 and 5.50 percent as it looks to return inflation firmly to its long-term target of two percent

The money will include 5 billion euros of macro-financial assistance, 1.8 billion euros of investments and 600 million euros in grants, the official said

Non-oil activities in Saudi Arabia have achieved a historic milestone, reaching a 50% share of the country’s real GDP in 2023, the highest level on record, according to an analysis of the General Authority for Statistics data by the Ministry of Economy and Planning.