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Gold prices slip as dollar recovers
Gold prices fell in Asian trade on Wednesday, as the US dollar recovered from its 13-month lows.
Asian markets retreat amid Nvidia earnings
Asian stock markets declined on Wednesday due to concerns about China and anticipation of Nvidia earnings.
Brazil’s inflation slows slightly in August
Brazil's annual inflation rate saw a modest decline in early August, providing limited relief to the central bank,…
Khalda Petroleum announces new oil discovery in Egypt’s Western Desert
Khalda Petroleum, which operates concessions in Egypt for US Apache Corp, has made a new oil find in the west of…
Egyptian govt. mulls draft law for business districts
The Egyptian government is working on a new law to establish and regulate financial and business districts in…
US consumer confidence improves in August
The latest survey by The Conference Board showed on Tuesday a slight uptick in consumer confidence in the United…
Hungary halts rate cuts amid inflation surge
The Hungarian National Bank decided on Tuesday to keep the base rate unchanged at 6.75 per cent for the first time…
CBE mopps up EGP933.550b to manage liquidity
The Central Bank of Egypt (CBE) withdrew 933.550 billion Egyptian pounds from the market on Tuesday through an open…
Huawei, Kenya join forces for cybersecurity boost
Chinese telecom giant Huawei has joined forces with the Kenyan government to bolster the cybersecurity capabilities…
ECB’s Knot: Sept. rate cut depends on data
Dutch ECB policymaker Klaas Knot stated on Tuesday that while the European Central Bank (ECB) could gradually lower…