Browsing Category
Feature
Asian markets drop on global jitters
Asian stocks plunged on Tuesday tracking the ongoing geopolitical tensions in the Middle East.
World Bank updates Egypt’s FY24, FY25 growth forecasts
Egypt’s economic growth is expected at 2.8 per cent in the 2024 financial year - which runs from July 2023 to June…
China’s Q1 growth expected to slow – poll
China's economic growth is projected to reach 4.6 per cent in the first quarter of 2024, marking a decline from 5.2…
Hungary’s govt. contemplates enforcing lower fuel prices
Hungary's government, led by Economy Minister Marton Nagy, is contemplating enforcing lower fuel prices following a…
Chinese yuan drops 12 pips vs dollar
The Chinese yuan weakened by 12 percentage in points (pip) to 7.0979 against the US dollar on Monday.
Half of poorest countries falling behind despite advantages – World Bank
Half of the world's 75 most vulnerable countries are falling behind wealthy nations in income growth, a new World…
China pours $281m liquidity to bolster business activity
The People's Bank of China (PBC) conducted seven-day reverse repos worth two billion yuan ($281.77 million) at an…
EGP dips against USD on Monday – CBE
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
China disguising imported Russian copper as scrap to avoid sanctions
Russian Copper Company (RCC) and Chinese firms are suspected of evading taxes and bypassing Western sanctions by…
European solar firms head west, hope for rescue wanes
European governments’ impending support for solar power manufacturers may be too late to prevent Meyer Burger, a…