Lagarde’s speech following ECB rate cuts
The European Central Bank (ECB) announced a 25-basis-point reduction in borrowing costs from record highs on…
Emerging markets see inflows for 7th month in May – IIF
Emerging markets extended their streak of attracting foreign portfolio inflows for a seventh consecutive month in…
Nigeria to maintain fixed petrol prices in ’24 budget
Nigeria plans to spend 5.4 trillion naira ($3.7 billion) in 2024, a 50 per cent increase from 2023, to maintain…
Aramco’s sale attracts foreign investments unlike 2019’s
Foreign investors eagerly embraced Saudi Aramco's $12 billion share sale, contrasting with its 2019 debut,…
Bank of America relocates to Dubai
A senior Bank of America Corp. dealmaker is relocating from London to Dubai to boost efforts in the Middle Eastern…
US weekly jobless claims rise slightly
The number of Americans filing new claims for unemployment benefits edged up last week.
EGX ends trade in red on June 6
Egypt’s stock market (EGX) closed red on Thursday. The main index, EGX30 sunk by 0.77 per cent, to 26,428.65…
URGENT: ECB announces 1st rate cut in 5 years
The European Central Bank (ECB) announced on Thursday a 25-basis-point reduction in key interest rates, according…
EGP closes high vs. USD on Thursday
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
Spanish retailer Tendam eyes IPO after strong earnings
Spanish fashion retailer Tendam reported on Thursday a 10 per cent increase in core earnings during its 2023…
