Gold prices surge on safe-haven demand
Gold prices surged on due to safe-haven demand. Spot gold prices rose at 6:54 GMT by 0.73 per cent to $2,735.35 per…
China’s PBC announces 798.9b yuan off reverse repos
People’s Bank of China (PBC) announced on Thursday a seven-day 798.9 billion-yuan reverse repo at an interest rate…
Euro area consumer confidence rises in Oct. ’24
Consumer confidence in the EU increased by 0.5 percentage points in October 2024, marking the first time it has hit…
EGP edges up against USD in early trade
The Egyptian pound (EGP) saw a minor rise against the US dollar (USD) across most banks as trading opened on…
S&P Global: Japanese manufacturing PMI falls in Oct. ’24
Japan's manufacturing sector contracted in October as the Purchasing Managers' Index (PMI) fell from 49.7 in…
Oil prices surge amid Middle East tensions
Oil prices surged more than one per cent on Thursday as escalating tensions in the Middle East and uncertainty…
Asian markets fall as US election jitters
Asian stocks fell on Thursday as uncertainty surrounding the upcoming US elections and rising US Treasury yields…
Eni to resume drilling at Egypt’s Zohr gas field in Dec – minister
Italian energy giant, Eni will resume drilling operations at Egypt’s Zohr gas field as the rig is expected to…
Egypt PM dismisses rumours of IMF-recommended currency float
The Egyptian government has categorically denied recent rumors suggesting that the International Monetary Fund…
IMF to begin 4th review of Egypt’s loan programme after annual meetings – PM
An International Monetary Fund (IMF) mission will begin its fourth review of Egypt's loan programme following the…