News
A cyber attack on a Chinese bank disrupts the US Treasury bond market
A cyberattack employing ransomware has caused certain systems of a financial services firm owned by China's largest bank, the Industrial and Commercial Bank of China, to crash.
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While the US dollar held steady against the Egyptian pound, the euro and sterling decreased in value.
The exchange rate of the dollar against the Egyptian pound remained stable at the beginning of morning banking transactions on Wednesday.
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Japan unveils an economic stimulus plan worth $113 billion
Japanese Prime Minister Fumio Kishida announced on Thursday an economic stimulus package worth $113 billion aimed at alleviating the repercussions of inflation in the country.
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The dollar improved with the release of positive US data.
The dollar was on the rise on Friday, and is on track for three straight months of gains. This came after data showed strong growth in the US, indicating increased odds of interest rates remaining high for longer.
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Exchange rates of the US dollar against the Egyptian pound in Egyptian banks
We present to you the exchange rates of the US dollar against the Egyptian pound in the morning trading of Wednesday, October 25, 2023, in some Egyptian banks.
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Egypt's exports to East Asian countries increased to $7.7 billion, with fuel in the lead
The annual bulletin “Trade Exchange between Egypt and the Most Important East Asian Countries” for the year 2022 showed a development in the value of foreign trade “exports and imports” with the most important East Asian countries,
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Moody's credit rating agency downgraded the ratings of five Egyptian banks
Moody's downgraded the rating of five banks in Egypt, including the largest private bank, due to the country's declining sovereign rating and its lack of ability to repay debts.
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“Debit card crisis” in Egypt: What sectors are affected?
The decision to stop the use of direct debit cards for customers outside the country, and their use inside Egypt, imposes pressure on many sectors, including: the technology sector, e-commerce, and the family sector.
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World Trade Organization officials are concerned about the escalating situation in Gaza
World Trade Organization (WTO) chief Ngozi Okonjo-Iweala hopes the latest escalation between Israel and Hamas will end quickly, as it could impact global trade flows if it spreads in the already vulnerable region.
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