Egypt-Arab trade volume drops to $26b in ’23 – CAPMAS
The trade volume between Egypt and Arab countries reached $26 billion in 2023, down from $29.5 billion in 2022.…
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EGP stays stable vs. USD as Sunday market opens
The Egyptian Pound (EGP) remained stable against the US Dollar (USD) at the market opening on Sunday, May 19, 2024.
EGP closes slightly down against USD on Thursday
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
ECB’s rate framework shift may affect money market lending
The European Central Bank (ECB) has introduced a new interest rate framework that could potentially discourage…
Eurozone inflation falling, ECB rate cuts expected – ECB’s Centeno
Eurozone inflation is steadily decreasing towards 2 per cent, and the European Central Bank (ECB) will soon begin…
Germany’s industrial sector grapples with competition, energy costs
Germany's robust industrial base is confronting existential challenges due to soaring energy costs, sluggish global…
Egypt allocates EGP 7.7b to Dakahlia’s development
The Egyptian government allocated EGP 7.7 billion in public investments to Dakahlia Governorate for the 2023–2024…
Egypt set for green hydrogen boom by ’25
Egypt is poised to become a global leader in green hydrogen production, with ambitious plans to integrate renewable…
US plans to revoke tariff exemption on imported solar panels
The White House announced on Thursday plans to shield domestic solar factories from Chinese competition by revoking…
FTSE 100 drops on sage group’s decline
London's FTSE 100 experienced a decline on Thursday, driven by several companies, including oil giant BP, trading…