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Egypt govt sets wheat reference prices for 24/25 season
The Egyptian Cabinet has approved a guiding price for wheat cultivation for the upcoming 2024/2025 season. The…
Germany could save €4.3b with offshore energy islands – report
Germany could save up to €4.3 billion annually by developing offshore "energy islands" in the North Sea to produce…
US Oracle to invest $6.5b in Malaysian cloud infrastructure
Oracle, a US-based technology company, announced on Wednesday plans to invest over $6.5 billion to establish a new…
Egypt’s Metallurgical Holding sets EGP62.5b revenue target
The Ministry of Public Business Sector has approved the 2024/2025 budget for the Metallurgical Industries Holding…
ECB needs to accelerate rate cuts – Germany’s Habeck
Germany’s Economy Minister Robert Habeck expressed concerns on Wednesday over the pace of interest rate cuts by the…
Japan not conducive for further rate hikes – PM
Japan's Prime Minister Shigeru Ishiba stated on Wednesday that the counrty is not currently conducive to raising…
EGX closes in red notes on Oct 2
Egypt’s stock exchange (EGX) closed in red on Wednesday, with the main index, EGX30 going down by 1.67 per cent, to…
Beijing’s stimulus sparks record hedge fund interest in Chinese stocks
Global hedge funds significantly increased their investments in Chinese equities backed by Beijing's…
US private sector employment grows by 143,000 jobs in Sept, pay up 4.7%
Private sector employment in the US rose by 143,000 jobs in September, while annual pay increased by 4.7 per cent,…
EGP down vs. USD at Wednesday’s close
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…