UAE transfers surge to AED6.12t in Q1 ’24
The value of transfers conducted in the UAE banking sector via the UAE Funds Transfer System (UAEFTS) reached…
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Kenya’s shilling steady vs USD
Kenya's shilling held steady against the dollar on Monday, trading at 128.50/129.50, unchanged from Friday's close,…
CNOOC discovers oil, gas in Bohai
China’s state-owned oil and gas company (CNOOC) announced on Monday that it has achieved a significant exploration…
World shipping costs surge amid market uncertainty
The Drewry World Container Index reported a spot rate of $9,387 on July 11, more than double February's rate but…
Telecom Egypt, Nokia to launch 1st 5G network
Telecom Egypt and Nokia partnered to introduce 5G technology in the country for the first time. Nokia will supply…
Nigeria’s inflation hits 34.19% in June
Nigeria's headline inflation rate rose to 34.19 per cent in June 2024, up from 33.95 per cent in May.
S. Arabia plans Nupco IPO
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF) is advancing with an IPO for Nupco, the…
Egypt ranks 2nd in African AI Readiness
Egypt has been ranked 65th globally and 7th among Arab nations in the Government Artificial Intelligence (AI)…
Kenya cuts ’25 spending, deficit rises
Kenya's government plans to cut 2024-25 spending by 1.9 per cent and widen the fiscal deficit to 3.6 per cent of…
Argentina to buy $1.5b to cover matured bonds
Argentina's Ministry of Economy announced that it will purchase just over $1.5 billion from the central bank to…