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Shell revenues drop to 30% in ’23
Shell reported 2023 revenues of $28 billion, down 30 per cent from the previous year's record, due to the decline…
UAE, Qatar central banks keep rates unchanged in tandem with Fed move
The UAE and Qatar central banks have kept the interest rates unchanged, following the U.S. Federal Reserve’s move…
Fed’s FOMC leaves interest unchanged
The Federal Reserve left interest rates untouched at 5-1/4 to 5-1/2 per cent, according to the Federal Open Market…
URGENT: CBE denies issuing new rules for cash withdrawal
The Central Bank of Egypt (CBE) confirmed on Wednesday in a statement a short while ago that no new instructions…
German inflation drops to 3.1% in Jan
German inflation rate fell to 3.1% in January, slightly more than what was predicted due to a drop in energy…
IMF’s Azour: Gaza war has necessitated Egypt growth forecast revision
The Gaza war has necessitated the International Monetary Fund (IMF) team to review forecast for Egypt’s real GDP…
Singapore’s CCCS examines Grab acquisition of Trans-cab
CCCS announced that it has started a thorough investigation into the ride-hailing company Grab Holdings' proposed…
China’s Whitelist mechanism funds 1st property project
A Chinese government-supported property project received a loan of 330 million yuan ($46 million) shortly after the…
EXCLUSIVE: Senior IMF official says Egypt loan review still underway
Negotiations between Egypt and the International Monetary Fund (IMF) over the first and second reviews of Egypt's…
Egypt away from sovereign default
Egypt is far from failure to meet its financial obligations, as the pessimism priced into the nation’s dollar bonds…