US unemployment claims rise slightly
The number of US initial unemployment claims increased slightly for the week ending August 17, according to the…
EIA predicts continued OPEC+ oil production cuts through ’28
The US Energy Information Administration (EIA) has forecast that the Organisation of the Petroleum Exporting…
China’s refining capacity sees expansion by 0.8 to 1.1m bpd by ’28 – EIA
China is set to increase its refining capacity by 0.8 to 1.1 million barrels per day (b/d) by 2028, according to…
Global refining capacity to grow 4.9m bpd by ’28 – EIA
The global refining capacity is expected to see significant growth, with estimates ranging from 2.6 million to 4.9…
US 30-year fixed-rate mortgage hit new low
The average rate on the popular U.S. 30-year fixed-rate mortgage has fallen to its lowest level since May 2023.…
Botswana central bank cuts interest rate by 25bps
The Monetary Policy Committee (MPC) of the Bank of Botswana on Thursday reduced the Monetary Policy Rate (MoPR) by…
Egypt govt aims for 65% private sector participation – PM
The private sector's contribution to Egypt's economic activity has surged from 27 per cent in 2022/2023 to 37 per…
Egypt plans to add 28 GW renewable energy in 5-7 years: PM
Egypt is rapidly expanding its renewable energy capacity, aiming to add over 4 gigawatts of new and renewable…
Egypt to unveil ‘revolutionary’ tax, investment measures in first half of Sept – PM
The Egyptian government is poised to announce a series of significant reforms aimed at stimulating investment and…
Qatar real estate trade volume hits QR164m in 1 week
Qatar's real estate sector recorded a trading volume of QR 164,585,647 in sales contracts during the period from…