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URGENT: Egypt’s central bank raises interest rates by 6%
Egypt's central bank on Wednesday raised interest rate by 6%.
Oil prices drop on worries about interest rate hikes
Oil prices fell on Thursday due to concerns about slow demand and the possibility of elevated US interest rates,…
EU wind power surge bolsters green ambitions
WindEurope stated on Wednesday that the EU’s clean energy targets are more achievable due to a record-breaking year…
Egypt’s financial inclusion rates surge to 70.7% in ’23
Egypt’s financial inclusion rate increased to 70.7 per cent during the previous year, representing a 174 per cent…
Egypt’s c. bank offers fixed-rate EGP 150 bln deposits
The Central Bank of Egypt (CBE) offers on Tuesday a fixed-rate deposits of 21.75 per cent for seven days’ worth 150…
S. Korea exports rise to $54.69 in Jan. ’23
South Korea’s headline exports rose for a fourth straight month to reach $54.69 billion in January, as demand for…
S. Arabia mulls reviving Aramco share sale
Saudi Arabia is considering a reviving plan for a follow-on share offering in Saudi Aramco to raise at least $10…
European allies of Israel call for Gaza ceasefire
Major European allies of Israel, such as Britain, Germany, and France, are emphatically calling for a halt to…
Egypt, Italy sign green electric corridor MoU at COP28
The German Siemens Energy Group and the Italian Prysmian Group announced on Tuesday the signing of a memorandum of…
COP28 opens with anticipation for a climate damage fund deal
The COP28 United Nations Climate Change Conference commences today with a strong call for intensifying joint…