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Egypt’s c.bank sees inflation to ‘decline significantly’ in Q1-25
The Central Bank of Egypt (CBE) projected in its monetary policy report on Thursday a significant drop in inflation…
URGENT: Egypt holds rates steady as inflation cools further
The Central Bank of Egypt (CBE) left on Thursday key interest rates unchanged for the third time in a row as…
Canada’s official international reserves grow to $125.782b in August
Canada's official international reserves increased by an amount equivalent to $1.577 billion in August to $125.782…
US bank profits jump 11.4% in Q2
The US banking industry reported a significant increase in profits during the second quarter of 2024, driven by…
OPEC+ pauses oil output hike amid price slump
The OPEC+ alliance has decided to temporarily halt its planned increase in oil production for two months. The…
China creates $230b brokerage giant through merger
China is consolidating its brokerage industry by merging two of its largest state-backed firms, Guotai Junan…
IFC allocates $80m for Turkey earthquake recovery
The International Finance Corporation (IFC) has proposed an $80 million financing package for Turkey's Yapi ve…
Khalda Petroleum achieves significant production gains in FY23/24
Khalda Petroleum Company reported on Thursday substantial improvements in production and operational efficiency…
China to cut gasoline, diesel prices on Friday
China will lower gasoline and diesel retail prices on Friday in response to international oil price fluctuations.
ifo Institute expects ‘zero growth’ for Germany in ’24
The Ifo Institute has revised its economic growth forecast for Germany, now projecting zero growth for 2024, down…