UAE targets AED2.56t in Islamic banking assets by ’31
The UAE’s newly approved Islamic Finance and Halal Strategy is expected to significantly accelerate the growth of…
EGP ticks higher against USD at Thursday’s close – CBE
The Egyptian pound (EGP) rose against the US dollar (USD) on Thursday, May 8, 2025, according to data from the…
European markets rally on US trade deal hopes
European stock markets climbed on Thursday after US President Donald Trump signalled progress toward a limited…
Egyptian press sees promise in tax overhaul, urges practical follow-through
Egypt’s ambitious new tax incentives package—framed around trust, partnership, and voluntary compliance—is drawing…
Egypt signs protocol to boost micro-enterprise support
Egypt's Ministry of Social Solidarity's Takaful and Karama Programme signed a cooperation protocol with the Rural…
BOE cuts rate as disinflation progresses
The Bank of England's (BOE) Monetary Policy Committee (MPC) decided on Thursday to cut the bank rate by 0.25…
Maersk sees steep drop in US-China container volumes
Maersk reported a steep 30–40 per cent plunge in container volumes between the US and China in April due to…
H. Kong’s foreign reserves drop in April. ’25
The Hong Kong Monetary Authority (HKMA) announced on Thursday that the city's official foreign currency reserve…
UK to seal 1st post-tariff war trade deal with US
The United States and Britain are set to unveil a limited trade agreement on Thursday that will reduce tariffs on…
Finance Ministry’s tax moves seen bolstering investor confidence in Egypt
Egypt’s latest wave of tax reforms is winning praise from the business community, as policymakers aim to stabilise…