Egypt to convert 1.5m vehicles to natural gas in 2025
The Egyptian government is set to roll out a new initiative in early 2025 to convert 1.5 million vehicles to…
Egypt’s CBE issues EGP 3b in fixed coupon t-bonds
The Central Bank of Egypt (CBE) on Monday offered treasury fixed coupon bonds (t-bonds) worth three billion…
Honda, Nissan exploring potential merger
Honda and Nissan are expected to announce a partnership on Monday to investigate the possibility of merging.
Gold rises after Fed’s rate cut outlook
Gold prices increased in low-volume trading on Monday, as investors closed out their short positions following the…
Egypt’s c. bank offers EGP 1b FRN T-bonds
The Central Bank of Egypt (CBE) announced on Monday the issuance of one billion Egyptian pounds worth of…
EGP swings against USD in early trade
The Egyptian pound (EGP) saw minor fluctuations against the US dollar (USD) during early trading on Monday,…
Asian stocks rise on US inflation data
Asian stocks surged on Monday following a positive report on US inflation, raising expectations for additional…
Egypt invests EGP 7.6b to upgrade power infrastructure in ’24
The Egyptian Electricity Transmission Company (EETC) invested approximately EGP 7.6 billion in the 2023/2024 fiscal…
Starbucks strike expands in US amid holiday rush
Starbucks workers, represented by Workers United, expanded their strike to four additional US cities, including New…
EGP nudges down 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…
