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Financial Institutions
China’s foreign trade up 4% in 9 months
China’s total goods trade grew by 4 per cent year on year (YoY) to 33.61 trillion yuan (around $4.73 trillion) in…
Fitch affirms Egypt’s rating at ‘B’ with stable outlook
Fitch Ratings has affirmed Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’, maintaining a…
Egypt re-elected to chair Arab Labour Organisation board for another year
Egypt has been unanimously re-elected to chair the Board of Directors of the Arab Labour Organisation (ALO) for a…
S&P upgrades Egypt to ‘B’, citing reform gains, stronger growth outlook
S&P Global Ratings on Friday upgraded Egypt’s long-term sovereign credit rating to ‘B’ from ‘B-’, citing…
Egypt’s c.bank launches Banking Reform and Development Fund
Egypt’s central bank has launched the Banking Reform and Development Fund and appointed an eleven-member board for…
Egypt launches new tugboats as part of Suez Canal fleet modernisation drive
Egypt launched two new tugboats, Azm 3 and Azm 4, as part of the Suez Canal Authority’s (SCA) plan to modernise its…
IMF, Jordan reach staff-level agreement on economic reform reviews
The International Monetary Fund (IMF) has reached a staff-level agreement with Jordan on the fourth review under…
World Bank sees improved MENAAP growth
The World Bank projected the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) region to record growth…
Suez Canal revenues drop 45.5% in FY 2024/2025 – CBE
Egypt's Suez Canal revenues dropped 45.5 per cent to $3.6 billion during fiscal year 2024/2025, compared to $6.6…
Egypt’s oil sector posts $598.3m net FDI inflow in FY2024/25 – CBE
Egypt’s oil sector achieved a net foreign direct investment (FDI) inflow of $598.3 million during fiscal year…