Aramco eyes expansion in China
Saudi Aramco’s CEO, Amin Nasser, announced on Sunday that the company is exploring further investment opportunities…
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Aramco’s ’23 profit drops to $121b
Aramco, the Saudi oil giant, announced on Sunday a $121 billion profit in 2023, down from its record high of $161…
Banque Misr ups intl. card limits
Banque Misr announced on Sunday a major increase in international spending limits on both the Gold - Islamic Gold…
Egypt’s central bank auctions EGP 50b treasury bills
The Central Bank of Egypt (CBE) is auctioning treasury bills worth EGP 50 billion for 91 and 273 days, in…
Aramco, ADNOC discussing US LNG investments
Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are reportedly in discussions to invest in US liquefied…
Foreign firm deposits $25m into Banque Misr after CBE’s decisions
A foreign company deposited $25 million in Egypt's Banque Misr on Wednesday, in a move that proves trust in the…
Bitcoin breaks records in rapid rise
Bitcoin and Ether saw significant rallies, with Bitcoin reaching a session high of $67,645 and Ether surging by 9.8…
CBE offers EGP 100b corridor rate deposits
The Central Bank of Egypt (CBE) announced on Wednesday the offering of corridor rate deposits for a term of 42 days…
Russia oil tankers jump ship to escape US sanctions
Oil tankers used by Russia have ceased operating under the Liberian and Marshall Islands flags due to increased US…
Australia’s recession deepens despite growth
Australia’s economy experienced a slowdown in the last quarter of the previous year, with a deepening per capita…
AfDB 2023