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China, H. Kong add 10 firms to wealth connect scheme
China and Hong Kong plan to expand a pilot wealth scheme that enables residents to invest cross-border by including…
RBI’s chief urges banks to monitor credit-deposit gap
Indian banks must closely monitor the gap between credit and deposit growth to prevent a potential liquidity…
EGP declines vs. USD on Tuesday’s close
The Central Bank of Egypt (CBE) reported the average exchange rates for the US dollar (USD) against the Egyptian…
EGX closes in green on August 20
Egypt’s stock exchange (EGX) closed in the green area on Tuesday, with the main index, EGX30 gaining 2.03 per cent,…
Turkey maintains policy rate at 50%
The Central Bank of Turkey kept its policy rate at 50 per cent on Tuesday.
BP to finalise profit-sharing deal for Kirkuk fields
BP and Iraq are set to finalise a profit-sharing deal by year-end to develop Kirkuk's oil and gas fields. The…
EU cuts tariffs on Tesla cars made in China to 9%
The European Commission announced on Tuesday that it has revised the tariff on Tesla vehicles produced in China,…
Egypt’s govt. committed to support automotive industry
The Minister of Industry reaffirmed the government's commitment to supporting the growth of the automotive industry…
European shares up on Tuesday
European shares edged up on Tuesday as investors held back from major trades ahead of significant eurozone economic…
Euro area inflation ticks up to 2.6% in July
The euro area’s annual inflation rate increased slightly to 2.6 per cent in July 2024 from 2.5 per cent in June, a…