Yuan rises as preferred carry trade currency
The yuan is emerging as a preferred funding currency for carry trades in the global market, following Japan’s shift…
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Binance drops Tron support for USDC transactions
Binance, a leading cryptocurrency exchange, announced on Monday the discontinuation of deposits and withdrawals for…
Egypt advances waste management with new sanitary landfills
Egypt’s Ministry of Planning and Economic Development signed agreements for the fifth stage of developing the solid…
Oil prices up amid tensions, supply concern
Oil prices saw an uptick in early Asian trading on Monday due to worries about a tightening global supply,…
Asian markets hesitate amid US inflation concerns
Asian markets showed hesitation on Monday as fears over US inflation data threatened to upset the trajectory…
Egypt’s currency stable against USD on Monday’s early trading
The exchange rate of the Egyptian pound against the US dollar saw no significant changes at the start of trading on…
USD holds steady against EGP – CBE
The Central Bank of Egypt (CBE) reported that there were no significant changes in the average exchange rates for…
Sinopec reports 9.9% profit fall in ’23
China Petroleum & Chemical Corp., Sinopec, announced a 9.9 per cent decrease in net profit for 2023 on Sunday,…
Egypt food exports soars by 235,000 tonnes in a week
The National Food Safety Authority (NFSA) of Egypt, in its 12th weekly report of 2024, reported significant…
India targets 30% electric vehicle sales by 2030
The Indian demand for vehicles is undergoing a progressive shift from traditional fuels to alternative energy…