Egyptian Countryside Development joins Elsewedy for agricultural project
The New Egyptian Rural Development Company signed on Sunday an allocation contract with Elsewedy Capital Holding,…
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OPEC+ to prolong oil cuts through ’24
OPEC+ is likely to extend voluntary oil cuts into the third and possibly fourth quarters of 2024, with some cuts…
EGP steady vs. USD at Sunday trading open
The Egyptian Pound (EGP) remained stable against the US Dollar (USD) at the start of trading on Sunday, June 2,…
Egypt temporarily halts expats land allocation in foreign currency
Egypt's New Urban Communities Authority (NUCA) will suspend land allocations in foreign currency from abroad…
Global banks target carbon emissions in real estate loans
Loans to commercial real estate at major banks face new tests due to carbon emissions and green regulations, as…
Expobank completes sale of HSBC’s Russian operations
HSBC has finalised the sale of its Russian unit to Expobank, ending two years of negotiations, Reuters reported on…
Turkey ranks 11th globally in renewable energy capacity
Turkey climbs to 11th place globally in renewable energy capacity, reaching 58,462 megawatts, Turkish Energy…
Biden administration moves beyond wind, solar tax credits
The Biden administration has proposed expanding tax credits to encompass a broader array of clean energy…
German inflation hits 2.8% in May
German inflation exceeded expectations, reaching 2.8 per cent in May, according to preliminary data from the…
CBR key rate falls short of ’24 inflation target – VTB official
The Central Bank of Russia's (CBR) current key interest rate of 16 per cent is insufficient to reduce inflation to…