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Rate cuts likely amid weak eurozone growth – ECB’s Stournaras
ECB policymaker Yannis Stournaras indicated that a sluggish eurozone economy might push inflation below the…
Egypt plans $7b petrochemical project with Shard Capital
The Egyptian government is advancing a major petrochemical investment project with an estimated cost of $7 billion.
S. Arabia mulls converting Egypt’s debt into investment
Saudi Arabia is considering converting a $5 billion deposit in Egypt’s central bank into investments, announced the…
EGP declines vs. USD on Thursday – CBE
The Central Bank of Egypt (CBE) reported the average exchange rates for the US dollar (USD) against the Egyptian…
BRICS e-payment platform on track – Russia’s top senator
Plans for a BRICS digital payment platform, named BRICS Bridge, are advancing, according to Russia’s Federation…
Egypt, S. Arabia strengthen investment co-operation – PM
Egypt's Prime Minister Madbouly emphasised the importance of enhancing Egypt-Saudi Arabia relations across various…
Nigeria’s business activity falls for 1st time in 8 months- PMI
The Nigerian private sector contracted in July as the Purchasing Managers' Index (PMI) dropped to 49.2 from 50.1 in…
China disburses $53m for flood relief efforts
The Chinese Ministry of Finance (MOF) has announced on Thursday the allocation of 378 million yuan ($53 million) to…
H. Kong’s retail sales declines 9.7 YoY in June
Hong Kong retail sales experienced a 9.7 per cent year-on-year decline in June, marking the fourth consecutive…
S. Africa’s manufacturing activates up in July – PMI
South African manufacturing activity increased in July, according to the Purchasing Managers' Index (PMI) survey…