Egypt kept interest rates unchanged for a second month, waiting to secure the foreign exchange needed to manage the currency devaluation that would likely accompany its next bout of monetary tightening. The Monetary Policy Committee [ More … ]
The National Bank of Egypt (NBE) and Banque Misr on 4 January 2023 issued new one-year maturity saving certificates with a 25 percent yield after one year, the highest yield on record, according to Al-Ahram. [ More … ]
The Turkish government has reaffirmed its commitment to the African continent through economic and political partnerships. The European country also wants to advance on an economic cooperation model with Africa that is based on a [ More … ]
Copyright © 2016 | Middle East Observer