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Egypt’s gold reserves hit $9.384b in April – report
Egypt’s gold reserves, a major component of foreign cash reserves, surged to $9.384 billion at the end of April…
Paraguay pushes $1.5b gas pipeline project to rival Bolivia’s dominance
Paraguay is emerging as a potential gas corridor in South America, proposing a $1.5 billion pipeline project to…
UBS job cuts to start late ’24 – CEO
UBS's CEO announced on Tuesday that the bulk of job reductions in Switzerland, the bank’s home market, would…
Egypt’s net FX reserves surge to $41,057b in April – CBE
Egypt’s net foreign exchange reserves rose to $41,057 billion by the end of April 2024, compared to $40.361 billion…
Japan’s services boom fuels rate hike bets
Japan's service sector surged in April, marking the fastest growth in eight months, fuelled by robust business and…
EGX ends in green on May 7 after Easter holidays
Egypt’s stock exchange (EGX) ended higher on Tuesday, with the main index, EGX30 inching up by 1.21 per cent, to…
Nigeria imposes 0.5% cybersecurity levy on e-tranfers
Nigeria's central bank announced on Monday it will introduce a 0.5 per cent levy on all domestic electronic…
Russian court seizes $13m from JPMorgan, Commerzbank
A Moscow court authorised the seizure of a staggering 12.4 million euros ($13.34 million) of assets held in Russia…
Australia’s c. bank holds rates steady
The Reserve Bank of Australia (RBA) maintained interest rates at a 12-year high of 4.35 per cent on Tuesday.
China’s CITIC Securities trims H. Kong jobs
China's CITIC securities is laying off around a dozen investment banking jobs in Hong Kong, as a slowdown in…