Egypt unveils EGP 30b initiative to boost industrial sectors
The Egyptian government unveiled on Sunday a new initiative providing 30 billion Egyptian pounds in financing to…
President Sisi prioritises telecom expansion, AI strategy for economic growth
President Abdel Fattah El-Sisi has directed intensified efforts to improve telecommunications coverage and internet…
Egypt completes 1st phase of textile industry revitalisation
Prime Minister Mostafa Madbouly announced the completion of the first phase of Egypt’s national project to…
ECB rate cut could face delays – Holzmann
European Central Bank Governing Council member Robert Holzmann signalled that the next interest rate cut might be…
Russia bans crypto mining in 10 regions until 2031
The Russian government has announced a ban on cryptocurrency mining in 10 regions, effective January 1, 2025,…
EGP up vs. USD at Sunday’s close
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
Israel to launch bitcoin mutual funds next week
Israel is set to launch several mutual funds tracking bitcoin’s value next week, following approval by the Israeli…
Erdogan: 2025 to be landmark for interest rate cuts
Turkey’s President Recep Tayyip Erdogan announced plans to lower interest rates in 2025, reiterating his belief…
EGX closes in red area on Dec 29
Egypt’s stock market (EGX) closed in the red area on Sunday. The main index, EGX30 went down by 1.21 per cent, to…
Italy approves 2025 budget, aims to cut deficit
Italy’s parliament approved the 2025 budget on Saturday, delivering a victory for Prime Minister Giorgia Meloni…
