Yuan weak vs USD on Thursday
The Chinese Yuan witnessed 21 pips to 7.1098 weakening against the US dollar on Thursday, according to Xinhua…
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IMF urges swift reforms for Lebanon
Lebanon needs economic reforms to address the deepening crisis, as highlighted by the International Monetary Fund…
Bank of Korea maintains rates at 15-year peak
Bank of Korea (BOK) maintained its interest rates at a 15-year peak on Thursday, adopting a balanced stance on…
Goldman Sachs expects Egypt’s c. bank to cut rates
The Central Bank of Egypt (CBE) is poised to reevaluate interest rates, marking its first review since implementing…
ADNOC plans stake sale in drilling unit
Abu Dhabi's ADNOC has announced plans to divest approximately 5.5 per cent of its stake in its drilling unit, over…
Vivo Energy to increase S. Africa investment
Vivo Energy, backed by Vitol, will inject 10 billion rand ($550.79 million) into its South African operations…
EGX closes mixed on May 22nd
Egypt’s stock market (EGX) closed mixed on Wednesday. The main index, EGX30 rose by 0.01 per cent, to 27,227.44…
Microsoft, G42 invest $1b in Kenya data centre
Microsoft and UAE-based G42 are teaming up for a $1 billion investment in a Kenya data center, fueled by geothermal…
Finance Minister allocates additional EGP500m funds for salaries
Egypt’s Minister of Finance has authorised an additional 500 million Egyptian pounds in funding for state workers…
Saudi fintech firm’s IPO oversubscribed
Saudi Arabia's fintech sector witnessed a surge in investor interest as Rasan Information Technology Co. launched…