The Central Bank of Egypt lowered the overnight deposit rate to 22% during its policy meeting on August 28, 2025/ representative Image Gold prices in Egypt surged on Friday, August 29, 2025, with 21-karat gold reaching EGP 4,650 (approximately $97.65), marking a sharp response to the Central Bank of Egypt’s recent decision to lower key […]
Vladimir Putin (left), Donald Trump, Volodymyr Zelenskyy (AP) A Russian missile hit an American-owned electronics factory in Mukachevo, western Ukraine, early Thursday, causing extensive damage and injuring at least 15 people, Ukrainian officials said, reported news outlet NPR. The attack was part of one of Russia’s largest overnight airstrikes in the ongoing conflict, involving more […]
Donald Trump has called on Federal Reserve chair Jerome Powell to resign, intensifying his attacks on the central bank’s leadership after Fed governor Adriana Kugler announced her early departure.“’Too Late’ Powell should resign, just like Adriana Kugler, a Biden Appointee, resigned. She knew he was doing the wrong thing on Interest Rates. He should resign, […]
Bank of England (File Photo AP) LONDON: The Bank of England is widely expected to look past near-term inflationary pressures in the British economy and opt to cut interest rates on Thursday as a result of the potential shock to growth emanating from the tariff policies of the Trump administration. Most economists believe it’s a […]
