Sunac China unveils debt restructuring plan for mainland creditors
Chinese property developer Sunac China (1918.HK) announced on Thursday that it had proposed a debt restructuring…
Egypt eyes 5-6% mining sector contribution to GDP
Egypt's Ministry of Petroleum and Mineral Resources said on Wednesday it had set an ambitious goal of increasing…
Egypt signs MoUs for 5.2 GW renewable energy projects
The Egyptian Electricity Transmission Company (EETC) signed on Thursday two memorandums of understanding (MoUs) to…
US budget deficit hits $257b in Oct. ’24
The US budget deficit reached $257 billion in October, with total receipts amounting to $327 billion and total…
Trump win fuels $3T surge in cryptocurrency market
The value of the global cryptocurrency market topped $3 trillion on Nov. 14, driven by expectations of favourable …
URGENT: Egypt’s unemployment rate hits 6.7% in Q3
Egypt's unemployment rate rose to 6.7 per cent in the third quarter (Q3) of 2024, marking a 0.2 per cent increase…
Russia’s economy grows, defies sanctions – PM
Russia's GDP grew by 4.2 per cent in the first nine months of 2024, despite ongoing sanctions, according to Prime…
Euro area economy expands in Q3 ’24
Euro area GDP rose by 0.4 per cent in Q3 2024, while the EU's GDP grew by 0.3 per cent from the previous quarter,…
Spain’s inflation up in Oct. ’24
Spain's annual rate of change for the Harmonized Index of Consumer Prices (HICP) stood at 1.8 per cent in October,…
S. Arabia’s wholesale index up by 2.4% in Oct. ’24
Saudi Arabia's wholesale price index (WPI) rose by 2.4 per cent year on year (YoY) in October, driven primarily by…
