The International Monetary Fund has approved a second tranche of a $12 billion loan to Egypt, praising the country's tough economic reforms that have fuelled inflation. In a statement on Thursday,...
Hisham Gaber had been preparing his wedding for months, but started to have second thoughts as inflation in Egypt rocketed due to government austerity measures, including sharp increases in fuel...
US and European stocks tumbled Thursday amid unease over hawkish commentary from central banks, while the euro rose to its highest level in more than a year against the dollar. The single currency...
Egypt announced a new sharp increase in fuel prices on Thursday, as it slashes government subsidies in a tough IMF-backed reform programme. The cabinet said that 82 octane petrol would sell for 3.65...
Pound slumped by more than two cents to $1.2717 after the exit poll was announced The pound is down sharply after early election results and the exit poll cast doubt over whether the Conservatives...
The Premier League is set to announce a record annual pre-tax loss of £312 million because of the declining value of the sterling and new accounting rules, the Financial Times reported on Friday....
Just before officially triggering the Brexit process, Britain is marking the launch of a new 1-pound coin with a 12-sided shape. It's believed to be one of the most beautiful and most secure coins in...
Ghana’s minority members of parliament have described as “lofty rhetoric,” President Akufo-Addo’s maiden State of the Nation Address, arguing it fell short of solutions to fix the so-called...
The Minority in Parliament has passed a scathingly damning verdict on President Akufo-Addo’s maiden State of the Nation Address, describing it as “high on platitudes and short of substance.”...
The government of President Nana Addo Dankwa Akufo-Addo has sacked 525 national security operatives, Haruna Iddrisu, Minority Leader and Member of Parliament for Tamale South, has said. According to...
The Minority in Parliament has presented what they term, the true state of the nation address a day after President Akufo-Addo presented his maiden State of the Nation Address. Addressing the press...
The Egyptian pound strengthened against the US dollar on Monday, regaining ground after record lows which followed the central bank's decision to float the currency in November. After plunging to...
A new 12-sided pound coin will come into circulation in March The public is being urged to spend hundreds of millions of £1 coins before they become worthless later this year. A new 12-sided pound...
Falls for the euro and the pound dominated trade in the major global currencies on Friday, hit by a combination of nerves over upcoming French elections and signs British consumers are beginning to...
Most of the soccer players in Africa have contributed immensely to European football. The talent and quality of these Africans in the game has placed them among the most valuable players in the...
The pound has hit its lowest level for more than three months on reports Britain was set to quit the EU single market as part of its Brexit plans. Sterling fell below the $1.20 level before...
The dollar edged higher on Monday, boosted by robust U. S. wage growth data strengthening the case for more Federal Reserve interest rate increases, while Britain's pound fell on Prime Minister...
The Bank of England has voted unanimously to keep the UK's main interest rate at a record low of 0.25%. It said that the next rate move could be in either direction. The last change was a rate cut in...
Exports increased by £2bn, lifted by machinery and transport orders, while imports decreased by £1.8bn, the Office for National Statistics (ONS) said. The ONS also made large revisions to trade...
The pound has continued to recover ground following this week's US election result. The news will bring some respite to businesses that import goods, and to holidaymakers buying foreign currency. For...
