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URGENT: Egypt’s central bank raises interest rates by 6%
Egypt's central bank on Wednesday raised interest rate by 6%.
Ras Al-Hekma: Strategic transformation in UAE foreign investment strategies
I'd like to congratulate the UAE government and people on the historic agreement reached with Egypt for the…
European banks struggle with $1.5 tn loans for property industry
The European banks have approximately 1.4 trillion euros ($1.50 trillion) in loans allocated to the beleaguered…
Aston Martin in negotiations over $1.4 bln debt
Aston Martin Lagonda Global Holdings Plc, whose near-term liabilities total about $1.4 billion, is negotiating with…
Repercussions of ongoing Israel’s war on Gaza catch up with its economy
Israel’s war on Gaza may cause it to sell a near-record amount of bonds this year to continue funding its offensive…
Diamond producer De Beers sings 3 new contracts with Angola
Diamond producer De Beers, a division of Anglo America, has inked three new contracts with Angola to support…
Red Sea unrest menaces Italy’s economic stability – minister
The ongoing disruption in the Red Sea region threatens to destabilise Italy's economy and marginalise ports in…
Indonesia to triple biomass consumption in ’24
Indonesia plans to reduce emissions by tripling its use of biomass for power generation to 2.83 million metric tons…
Total value of sugar traded on Egypt Mercantile Exchange hits EGP 4.5 bln
The total value of all sugar traded on the Egyptian Mercantile Exchange (EMX) has recorded 4.5 billion Egyptian…
Egypt captures lion’s share of Saudi QMP’s ’23 exports
Egypt has been the most important destination for Saudi Qimam Masia Plastic’s (QMP) exports in 2023, a senior…
