Egypt’s workers emergency fund disburses nearly EGP 11m to tourism workers
Egypt’s Emergency Workers’ Support Fund has recently disbursed three payments to workers in the tourism sector at…
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Egyptian banks off on Jul 25 – CBE
The Central Bank of Egypt (CEB) has announced that all banks across the country will be closed on Thursday, July…
BP commits $200m to Egypt gas wells
British Petroleum (BP) has committed $320 million to new natural gas development projects in Egypt’s West Nile…
Saudi fund aims to double Selfridges stake
Saudi Arabia’s Public Investment Fund (PIF) aims to increase its stake in Selfridges to 50 per cent, after the UK…
African credit rating agency up in ’25
A credit rating agency tailored to address the specific requirements of Africa’s sovereign borrowers is expected to…
EGX closes all green on July 18
Egypt’s stock exchange (EGX) closed in the green area on Thursday, with the main index, EGX30 inching up by 1.11…
AfDB approves $1b loan for S. Africa’s Transnet
The African Development Bank (AfDB) has approved a $1 billion loan for South Africa's Transnet to support the…
World Bank kicks off FY25 with $2.7b in sustainable bonds tied to SOFR rate
The World Bank initiated its fiscal year 2025 US Dollar Benchmark Programme by pricing two Sustainable Development…
Suez Canal revenue down amid Red Sea unrest
The Suez Canal's annual revenue went down to $7.2 billion in the latest fiscal year, down nearly a quarter, as some…
Australia’s unemployment slightly increases in June
Australia experienced a slight increase in the seasonally adjusted unemployment rate to 4.1 per cent in June.…