Egypt’s Commercial International Bank (CIB), the largest private sector bank in the country, has completed its acquisition of Mayfair Bank, a small lender based in...
How Egypt’s Economic Crisis is Worsening Amid Regional and Global Turmoil
Egypt is facing a severe economic crisis that threatens the livelihoods and rights of millions of its citizens. The country’s debt has reached record levels,...
Israel kicks off 2024 with a flurry of private placements
Israel’s bond market has started the new year with a bang, as several issuers have tapped the private placement (PP) market for funding. The PP...
How DeFi and stablecoins could benefit from Fed rate cuts in 2024
The Federal Reserve is expected to lower its interest rate this year, which could have a positive impact on the adoption and innovation of decentralized...
Rand recovers from early losses as global sentiment improves
The South African rand (ZAR) bounced back from a weak start to 2024, gaining against the US dollar (USD) and other major currencies on Thursday....
Japanese Yen struggles near four-day low against USD amid BoJ-Fed divergence
The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Tuesday, as the Bank of Japan (BoJ) and the Federal Reserve (Fed)...
EUR/USD Price Analysis: The pair faces a strong resistance at 1.1000 amid bearish outlook
The EUR/USD pair continues to trade below the key psychological level of 1.1000, as the US dollar gains strength amid rising inflation expectations and hawkish...
Australian Dollar gains momentum amid US Dollar weakness, FOMC minutes in focus
The Australian Dollar (AUD) has been on a rising trend against the US Dollar (USD) since last week, as the market anticipates another interest rate...
Gold prices soar to new highs as investors expect early rate cuts in 2024
Gold prices surged to a new six-month high on Tuesday, breaking the $2,060 an ounce level, as investors anticipated that the U.S. Federal Reserve would...
Gold ends 2023 on a high note, eyes further gains in January
Gold prices closed out 2023 above $2063 an ounce, as the Federal Reserve signaled that it would cut interest rates in 2024 to support the...
Rupee falls to two-week low amid global uncertainty
The Indian rupee slipped to its lowest level in two weeks on Wednesday, as investors remained cautious amid rising tensions between Russia and Ukraine, the...
Why the Japanese Yen Could Be the Most Interesting Currency in 2024
The Japanese yen is one of the most traded currencies in the world, behind the US dollar and the euro. It is also widely used...
US Dollar Weakens as Inflation Data Eases Pressure on Fed
The US dollar fell to its lowest level in five months on Friday, as the latest inflation data showed a slower-than-expected rise in consumer prices...
UK moves ahead with digital securities sandbox regulation
The UK government is preparing to introduce a new regulatory framework for testing and adopting digital securities in financial markets. The Digital Securities Sandbox (DSS)...
Yellen defends US economic recovery amid criticism
US Treasury Secretary Janet Yellen said on Tuesday that the US economy is on track to achieve full employment by next year, despite some economists’...
USD/JPY Slides Below 148.00 as US Data Disappoints
The USD/JPY pair extended its decline on Tuesday and dropped below the 148.00 level for the first time in two weeks. The pair was weighed...