Central Bank
Egypt's economic growth to increase to around 5.5 percent as structural reforms to strengthen the business climate pay off
Traders now see a 70 percent chance of a 25-basis-point rate cut and about a 30 percent chance of a bigger 50-basis-point reduction
Term deposits exceeding 12 months recorded AED44.48 billion at the end of May, up by 0.52 percent
The dollar hovered near its lowest level in 13 months, making gold cheaper for other currency holders
Brent oil futures for October delivery advanced 0.8 percent to reach $79.59 per barrel
Gold prices fell almost 1 percent this week after hitting a record high on Tuesday
Brent oil futures expiring in October edged up 0.1 percent to $77.26 per barrel
The bills carry an issue date of August 25, and are scheduled to mature on February 23, 2025
U.S. dollar index broke its four-day losing streak, recording a 0.17 percent increase
Brent oil futures fell 0.1 percent to $75.95 a barrel
Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits
