Sri Lanka’s IDB announces strategic shift in industrial development
Sri Lanka’s Industrial Development Board (IDB) will focus on the electrical, electronic, and mechanical sectors…
VW averts closures, announces workforce reductions
Volkswagen announced on Friday a comprehensive restructuring plan that includes 35,000 future job cuts and reduced…
ADB offers $50m in loan to finance MSME in Uzbekistan
The Asian Development Bank (ADB) and Hamkorbank have agreed to a loan of 625 billion Uzbek sum (about $50 million)…
Egypt allocates EGP 36b for rationed goods in FY 2024/25
Egypt's total support for rationed goods during FY2024/25 amounts to approximately 36 billion Egyptian pounds,…
Egypt’s c. bank offers EGP 55b in T-bills
The Central Bank of Egypt (CBE) is offering 55 billion Egyptian pounds in treasury bills (T-bills) on Sunday.
EGP fluctuates vs. USD in early trade
The Egyptian pound (EGP) experienced slight fluctuations against the US dollar (USD) in early trading on Sunday,…
Egypt to unveil comprehensive tax policy framework in Q1-25
Egypt’s Finance Minister Ahmed Kouchouk announced on Thursday that a detailed tax policy document outlining…
Losses from crypto hacks surge to $2.2b in 2024 – report
Losses from cryptocurrency platform hacks soared to $2.2 billion in 2024, marking a 21 per cent increase from the…
Brazil’s c.bank raises 2024 GDP growth projection to 3.5% amid resilient economic activity
Brazil’s central bank (BCB) raised its GDP growth forecast from 3.2 per cent to 3.5 per cent for 2024 as the…
Korean won breaches key level, triggering potential $50b pension hedge
South Korea’s won has weakened to levels that could compel the National Pension Service (NPS) to sell up to $50…
