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Egypt seeks IMF deal by October, says finance minister

LONDON: Egypt aims to conclude a non-financial agreement with the International Monetary Fund by October to replace a three-year loan deal that expires this month, a step that may help the country remain an attractive market for foreign investors.

Highly successful app venture

WHILE not widely reported, Affin Hwang Asset Management (AM) Bhd has been in the private equity game for the last two years.

Global Forex Market

The US dollar continued to trend higher, posting a weekly gain of 0.55% to 97.9 amid the deepening US-China trade rift. China announced it will impose new tariffs on US$60bil of US imports, from June 1. But trade concerns eased slightly following President Donald Trump’s remark mid-week suggesting the door remained open on a potential US-China trade deal.