EGP closes high against USD on Monday – CBE
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
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Italy tops EU budget deficit in ’23
Italy recorded the highest budget deficit-to-GDP ratio in the European Union last year, according to Eurostat, the…
Egypt’s SCZONE signs $297m usufruct deal for Chinese EAF project
Egypt's General Authority of the Suez Canal Economic Zone (SCZONE) signed on Monday a usufruct contract with the…
ECB easing clears path for France’s budget overhaul
The European Central Bank’s (ECB) interest rate cuts will pave the way for France to implement much-needed budget…
China’s Q1 water conservancy investment climbs by 4.4%
China’s investment in water conservancy facilities increased by 4.4 per cent year on year, reaching 193.3 billion…
Biden announces $7b in grants for solar projects on Earth Day
President Joe Biden marked Earth Day with a major announcement pledging $7 billion in federal grants for…
Ukraine to propose $20b debt rework to bondholders by May
Ukraine is preparing to present a proposal to international bondholders for restructuring its $20 billion debt by…
European shares rise as investors await bank earnings reports
European shares saw a slight increase on Monday, with the STOXX 600 index rising by 0.2 per cent by 0828 GMT,…
European banks face interest rate test in earnings reports
Investors are eagerly awaiting the first quarter earnings reports from major European banks, starting with…
BoE rate futures to see first cut in August
Interest rate futures were fully factored in on Monday in an initial quarter-point interest rate reduction by the…