URGENT: US PPI declines by 0.2% in May
US Producer Price Index (PPI) for final demand decreased by 0.2 per cent in May 2024, adjusted seasonally.
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EGX closes on green notes on June 13
Egypt’s stock market (EGX) closed on green notes on Thursday. The main index, EGX30 went up by 1.09 per cent, to…
Afreximbank: Africa’s economies expected to grow by 3.8% in ’24
African economies are expected to grow by 3.8 per cent in 2024, exceeding the global forecast of 3.2 per cent, with…
Zambia to establish new mineral investment entity
Zambia is gearing up to establish a fresh entity dedicated to investment and trading in minerals, aiming to…
Port of Los Angeles imports surge
Imports at the Port of Los Angeles remained strong in the first five months of 2024, staying above pre-pandemic…
Egypt secures $71.7m EBRD loan for Ras Ghareb wind farm
The European Bank for Reconstruction and Development (EBRD) has allocated a $71.7 million (€66.2 million) long-term…
Egypt, AD Ports Group ink $4.7m deal to develop Red Sea ports
The Egyptian General Authority for Red Sea Ports and the Abu Dhabi Ports Group (ADX) signed A…
Manhattan apartment rents dip in May
Manhattan apartment rents saw an unexpected dip in May, marking a "sideways" trend as the market enters its…
Australia’s unemployment drops in May
Australia’s unemployment dropped in the seasonally adjusted unemployment rate by 0.1 per cent to 4.0 per cent in…
Oil drops on Thursday
Oil dropped following a recent three-day gain, as investors assessed an unexpected rise in US crude reserves and…