EGX closes mixed on Monday
Egypt’s stock exchange (EGX) closed mixed on Monday, with the main index, EGX30 inching down by 0.32 per cent to…
China seeks WTO panel for US EV subsidies dispute
China has asked the World Trade Organisation (WTO) to intervene in the dispute over US electric vehicle (EV)…
EGP dips against USD on Monday – CBE
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
World shipping costs surge amid market uncertainty
The Drewry World Container Index reported a spot rate of $9,387 on July 11, more than double February's rate but…
Egypt-Saudi Arabia power grid link operational before next summer – minister
A project to link the power grids of Egypt and Saudi Arabia is expected to be operational before next summer,…
China’s urban unemployment rate dips at 5.1% YoY in H1 ’24
China's urban unemployment rate averaged 5.1 per cent in the first half of 2024, down 0.2 per cent from the same…
European companies slash jobs due to inflation, war
Elevated inflation and the ongoing war in Ukraine have led to a wave of layoffs across Europe, affecting multiple…
Telecom Egypt, Nokia to launch 1st 5G network
Telecom Egypt and Nokia partnered to introduce 5G technology in the country for the first time. Nokia will supply…
Goldman Sachs eyes $2b for 1st Asia-focused pacific private equity fund
Goldman Sachs plans to launch a $2 billion private equity fund focused on Asia's growth potential.
Nigeria’s inflation hits 34.19% in June
Nigeria's headline inflation rate rose to 34.19 per cent in June 2024, up from 33.95 per cent in May.
