Fitch Ratings: Kuwait banks benefit from surge in M&A
Kuwaiti banks are gaining from a rise in mergers and acquisitions (M&A), which Fitch Ratings views as a…
Australia greenlights world’s largest solar project
Australia approved the development of the world’s largest solar and battery farm, the $24 billion SunCable project,…
Switzerland launches instant payments
Switzerland introduced instant payments on August 20, 2024, with around 60 financial institutions now able to…
Russia-Japan trade turnover falls 32.47% Y-o-Y in July ’24
Trade turnover between Japan and Russia fell by 32.47 per cent year-on-year in July 2024, totalling 70.7 billion…
S. Korea’s PPI rise 0.3% in July – BOK
South Korea's producer price index (PPI) rose 0.3 per cent in July compared to the previous month.
Egypt economy: External debt falls by 2.5% in July-March of FY 23/24
Egypt's external debt decreased by approximately $4.1 billion, or 2.5 per cent, to $160.6 billion in the July-March…
Egypt economy: Expats remittances hit $14.5b in 9m – CBE
Remittances from Egyptian working abroad experienced a 17.1 per cent decline to reach $14.5 billion during the…
UK July borrowing hits £3.1b, highest since 2021
The UK government borrowed £3.1 billion in July 2024, an increase of £1.8 billion compared to the same month last…
Egypt economy: BoP surplus hits $4.1b in July-March of FY 23/24
Egypt's balance of payments (BoP) surplus surged to $4.1 billion during the July-March period of the 2023/2024…
S. Korea’s exports up 18.5% in August
South Korea's exports in the first 20 days of August rose by 18.5 per cent to $33.12 billion, while imports…