EGX closes week in mixed notes on Sept 5
Egypt’s stock exchange (EGX) closed in mixed notes on Thursday, with the main index, EGX30 going up by 0.10 per…
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US layoffs surge in August, led by tech sector cuts
US employers announced the highest number of layoffs in five months in August, primarily driven by cuts in the…
Fitch revises global reinsurance sector outlook to Neutral
Fitch Ratings has revised its global reinsurance sector outlook to ‘neutral’ from ‘improving,’ reflecting the…
S. Africa’s current account deficit significantly narrowed in Q2, surplus at R187.4b
South Africa's current account deficit narrowed significantly in the second quarter of 2024, decreasing from R106.9…
Global labour income share faces prolonged decline – ILO
The International Labour Organisation (ILO) highlighted a global decline in the labour income share, which has…
WTO barometer signals uptick in global trade, but risks looming
Global goods trade is rebounding in the third quarter of 2024, as the World Trade Organization (WTO) Goods Trade…
US thermal coal exports to Asia, Africa increase, European shipments decline
US thermal coal exports surged to Asia and Africa in the first half of 2024, contributing to an overall rise in US…
Egypt’s agricultural exports surge to $3.6b
Egypt’s agricultural exports surged to 6.1 million tons, valued at approximately $3.6 billion from January 1 to…
IMF: S. Africa repayment capacity secure amid economic difficulties
The International Monetary Fund (IMF) has completed its Post Financing Assessment for South Africa, confirming the…
Egypt’s MSME funding surges, benefiting male, female entrepreneurs in Q2 ’24…
Egypt reported a significant increase in both the number of beneficiaries and the funding provided to micro, small…