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August 28, 2025

Egypt’s Central Bank Reduces Key Rates by 200 Basis Points

Cairo: The Monetary Policy Committee of the Central Bank of Egypt announced today a decision to cut the overnight deposit rate, overnight lending rate, and the main operation rate of the central bank by 200 basis points, bringing them to 22.00 percent…

US Oil Prices Rise More Than 1% at Settlement

Doha: Oil prices rose at settlement today after data showed a larger-than-expected drop in US crude inventories. Brent crude futures rose 83 cents, or 1.2 percent, to settle at $68.05 a barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures…