Egypt, UAE sign MoU to enhance petroleum cooperation
Egypt and the United Arab Emirates (UAE) signed a Memorandum of Understanding (MoU) on Thursday to enhance…
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Egypt to release EGP 1.9b export support today – minister
The Ministry of Finance announced the disbursement of 1.9 billion Egyptian pounds for another instalment of…
JPMorgan raises US recession odds to 35%
JPMorgan has raised its estimate of a US recession by year-end to 35 per cent from 25 per cent, citing easing…
Hisense Egypt, FBB Tech launch $38m Sokhna project
Haier Egypt, a company specialising in electrical appliances, and the Chinese industrial developer Teda Egypt…
European gas prices hit highest level of ’24
European natural gas prices surged to their highest levels this year, trading near €39 per megawatt-hour, following…
US overtakes China as Germany’s top trading partner
The United States surpassed China as Germany's largest trading partner in the first half of 2024, according to…
India c.bank keeps rate unchanged at 6.50%
The Reserve Bank of India kept the policy repo rate unchanged at 6.50 per cent on Thursday. Consequently, the…
Japan’s 30-year bond auction draws interest
Japan's recent auction of 30-year sovereign notes garnered substantial interest on Thursday, as the rise in yields…
Arab stock exchanges’ market cap exceeds $4.17t in H1
The Arab stock exchanges' market capitalisation surpass $4.17 trillion by the end of the first half of 2024, as…
Chines textile giant plans $500m complex in Egypt
Jiangsu Lianfa Textile Co., Ltd., one of the largest companies in the textile and ready-made garments sector both…