16+ hour, 17+ min ago   (308+ words) The U.S. federal budget deficit is closing in on the $2 trillion mark, underscoring the mounting fiscal pressures facing the world’s largest economy as borrowing costs continue to weigh heavily on government finances. The U.S. Treasury Department said Friday that the deficit…...

6+ day, 19+ hour ago   (720+ words) U.S. President Donald Trump has sharply escalated his trade confrontation with Canada, imposing 50% tariffs on approximately $20 billion worth of Canadian imports after bilateral negotiations collapsed, Bloomberg reported. Trump has described Canada's trade surplus with the United States as “unacceptable,” turning what…...

1+ week, 18+ hour ago   (550+ words) The United States is set to acquire a 35% stake in a Venezuelan oil company owned by billionaire Alejandro Betancourt, a businessman who has previously faced money-laundering investigations in the United States and Switzerland over alleged misappropriation of funds from Venezuela's…...

1+ week, 13+ hour ago   (678+ words) The United States exported an average of 10.7 million barrels of oil per day in 2025, supplying markets across six continents as its role as a global supplier of crude and petroleum products continued to expand. The Netherlands and Mexico were the…...

1+ week, 6+ day ago   (451+ words) Egypt’s exports to China surged more than threefold in the first five months of 2026, while bilateral trade continued to expand, according to the latest data from Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS). Egyptian exports to China reached…...

1+ week, 6+ day ago   (185+ words) In a joint statement, the two central banks said their ongoing coordination is aimed at ensuring that Banque Misr’s UAE branches continue to conduct their business normally while the necessary measures are taken to address the U.S. proposal within the…...

2+ week, 11+ hour ago   (282+ words) The Central Bank of the UAE reviewed the issued statement of yesterday by the U.S. authorities regarding Proposal of Special Measure Regarding Banque Misr UAE branches, as a Financial Institution Operating Outside of the United States of Primary Money Laundering Concern....

2+ week, 19+ hour ago   (290+ words) Banque Misr moved to clarify the status of its United Arab Emirates branch following the announcement of a U.S. regulatory action targeting its access to dollar-denominated correspondent banking services, stressing that the measure remains subject to a formal comment and review…...

2+ week, 1+ day ago   (327+ words) The yield on the two-year U.S. Treasury note jumped on Friday after Federal Reserve Chair Kevin Warsh warned that the central bank still has “work” to do on inflation, strengthening expectations that interest rates could be raised in September. The two-year…...

3+ week, 1+ day ago   (723+ words) The US Treasury’s decision to increase the maximum size of its long-term bond buybacks could signal a broader shift in how Washington manages the government bond market, according to economist Mohamed El-Erian. The Treasury announced that it would at least…...