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Bank of Uganda cuts interest rate by 25 basis points
Bank of Uganda Monetary Policy Committee (MPC) reduced the Central Bank Rate (CBR) by 25 basis points to 10 per…
Russia’s National Wealth Fund hits $142.58b
Russia's National Wealth Fund's volume was approximately 12.3 trillion roubles ($142.58 billion) as of August 1,…
Hyundai to invest $28m in Thai EV assembly plant
Hyundai Motor has announced plans to invest one billion-baht ($28 million) in a new electric vehicle (EV) assembly…
London stocks up for 2nd day
London stocks edged up for a second day on Wednesday, with the FTSE 100 increasing by 0.7 per cent and the FTSE 250…
Egypt’s gold reserves climb 4.1% in July – CBE
Egypt’s gold reserves surged 4.1 per cent to $9.883 billion at the end of July up from $9.485 billion at the end of…
Crude oil prices to rise by year-end – EIA
The US Energy Information Administration's Short-Term Energy Outlook (STEO) for August 2024 projects the Brent…
Italy mulls doubling flat tax for new residents
Italy is considering raising its flat tax on foreign income for new residents, potentially doubling it from…
Swiss National Bank faces pressure over franc strength
The Swiss National Bank (SNB) is under pressure to address the strengthening franc, which is threatening the…
Egypt assigns EGP 100m to fund MSMEs
Egypt's Micro, Small, and Medium Enterprise Development Agency (MSMEDA) signed a new microfinance agreement with…
India’s c. bank intervenes to stem rupee drop
The Reserve Bank of India (RBI) has instructed major banks to refrain from increasing their positions against the…