Egypt accepts yuan for Chinese firms incorporation
Chinese companies are now invited to apply for new investment land allocations in New Alamein and New Minya cities…
Tamweely acquisition advances Egypt’s state ownership policy – minister
The sale of Tamweely Microfinance's shares to an international consortium is marking a key step in implementing the…
China’s CPI up 0.6% YoY in August
China's consumer price index (CPI) went up by 0.6 per cent year-on-year (YoY) in August, signaling a continued…
Engie eyes more African renewable energy deals
Engie SA, the French utility, anticipates more deals in Africa’s renewable energy sector following its $1 billion…
China’s c. bank injects 91.5b Yuan via reverse repo
People’s Bank of China (PBC) announced on Monday a seven-day 91.5 billion-yuan reverse repo at an interest rate of…
China forms Beijing-backed lithium group to develop salt lakes
China Minmetals Corp. is set to take a controlling 53 per cent stake in a new joint venture, China Salt Lake Group,…
Oil up on Monday
Oil prices rose from their lowest level since 2021 after oversold conditions and weather concerns pushed them…
Gold prices dip as US inflation data looms
Gold prices fell on Monday, as investors looked ahead to the upcoming US inflation report, which could influence…
EGP steady against USD in early trade
The Egyptian pound (EGP) remained nearly unchanged against the US dollar (USD) as trading began on Monday,…
China injects ¥91.5b into banking system
China’s central bank injected 91.5 billion yuan ($12.89 billion) into the banking system on Monday through…