World Bank launches $20b annual guarantee platform
The World Bank Group announced on Monday that it has launched a new one-stop-shop loan and investment guarantee…
Gold prices steady as investors await Fed Chair’s comments
Gold prices remained flat on Tuesday as investors eagerly awaited remarks from Federal Reserve Chair Jerome Powell.
EGP dips vs. USD on Monday – CBE
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
UBS completes merger with Credit Suisse’s Swiss unit
Swiss bank UBS announced on Monday the completion of its merger with Credit Suisse's domestic operations.
China’s carbon market dips on Monday
Carbon emissions allowances closed at 48.5 yuan (approximately 6.67 U.S. dollars) per ton on Monday at the…
Chinese bank cuts main office salaries as economy slows
China Construction Bank Corp (CCB), the country's second-largest lender, is cutting salaries at its headquarters.
EGX closes in green area on July 1st
Egypt’s stock market (EGX) closed in green on Monday. The main index, EGX30 went up by 0.73 per cent, to 27,969.59…
Germany’s inflation to drop to 2.2% in June
Germany's inflation rate for June 2024 is projected to be 2.2 per cent, down from 2.4 per cent in May, as per data…
Russia, China should limit SWIFT in transactions – expert
Russia and China need to reduce their reliance on the SWIFT system for interbank transactions to enhance security,…
Oil up on Monday
Oil prices rose on Monday due to peak summer consumption and OPEC+ production cuts, offset by increased output from…
