Rate cuts likely amid weak eurozone growth – ECB’s Stournaras
ECB policymaker Yannis Stournaras indicated that a sluggish eurozone economy might push inflation below the…
Egypt plans $7b petrochemical project with Shard Capital
The Egyptian government is advancing a major petrochemical investment project with an estimated cost of $7 billion.
Saudi’s PIF signs $50b deals with Chinese financial institutions
Saudi Arabia's Public Investment Fund (PIF) signed six MoUs worth $50 billion with top Chinese financial…
S. Arabia mulls converting Egypt’s debt into investment
Saudi Arabia is considering converting a $5 billion deposit in Egypt’s central bank into investments, announced the…
EGX ends week in red
Egypt’s stock market (EGX) closed in the red area on Thursday. The main index, EGX30 went down by 0.06 per cent, to…
EGP declines vs. USD on Thursday – CBE
The Central Bank of Egypt (CBE) reported the average exchange rates for the US dollar (USD) against the Egyptian…
BRICS e-payment platform on track – Russia’s top senator
Plans for a BRICS digital payment platform, named BRICS Bridge, are advancing, according to Russia’s Federation…
Egypt, S. Arabia strengthen investment co-operation – PM
Egypt's Prime Minister Madbouly emphasised the importance of enhancing Egypt-Saudi Arabia relations across various…
Nigeria’s business activity falls for 1st time in 8 months- PMI
The Nigerian private sector contracted in July as the Purchasing Managers' Index (PMI) dropped to 49.2 from 50.1 in…
China disburses $53m for flood relief efforts
The Chinese Ministry of Finance (MOF) has announced on Thursday the allocation of 378 million yuan ($53 million) to…
