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EGP down vs. USD at Thursday’s close
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
European shares rebound on Thursday
European shares recovered on Thursday, supported by strong corporate earnings and positive regional growth and…
Bureaucracy costs Germany €146b annually in lost output – Ifo
Excessive bureaucracy is costing Germany up to €146 billion ($153.53 billion) per year in lost economic output,…
Sunac China unveils debt restructuring plan for mainland creditors
Chinese property developer Sunac China (1918.HK) announced on Thursday that it had proposed a debt restructuring…
Egypt eyes 5-6% mining sector contribution to GDP
Egypt's Ministry of Petroleum and Mineral Resources said on Wednesday it had set an ambitious goal of increasing…
Egypt signs MoUs for 5.2 GW renewable energy projects
The Egyptian Electricity Transmission Company (EETC) signed on Thursday two memorandums of understanding (MoUs) to…
US budget deficit hits $257b in Oct. ’24
The US budget deficit reached $257 billion in October, with total receipts amounting to $327 billion and total…
Trump win fuels $3T surge in cryptocurrency market
The value of the global cryptocurrency market topped $3 trillion on Nov. 14, driven by expectations of favourable …
URGENT: Egypt’s unemployment rate hits 6.7% in Q3
Egypt's unemployment rate rose to 6.7 per cent in the third quarter (Q3) of 2024, marking a 0.2 per cent increase…
Russia’s economy grows, defies sanctions – PM
Russia's GDP grew by 4.2 per cent in the first nine months of 2024, despite ongoing sanctions, according to Prime…
