Poverty reaches 44% in Lebanon – World Bank
Poverty in Lebanon has surged to 44 per cent of the population over the last decade, with 1 in 3 Lebanese living in…
EGP closes Thursday with decline against USD
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
US’s Yellen warns against Israeli financial moves in Palestine
US Treasury Secretary Janet Yellen criticised Israel for its intention to withhold revenues collected on behalf of…
Turkish c. bank holds rates at 50%
The Turkish central bank opted to maintain its benchmark interest rate at 50 per cent for the second consecutive…
Egypt aims to keep debt-to-GDP ratio below 80% by ’27
Egypt is implementing a comprehensive strategy to improve public debt management and aims to reduce the debt ratio…
UK business growth slows in May – PMI
British business growth slows more than expected in May, dealing an early setback to Prime Minister Rishi Sunak's…
UK’s National Grid proposes $9b rights issue for investment
National Grid, a UK-based utility company, announced plans to raise £7 billion ($8.9 billion) through a fully…
India, Egypt primary destinations for Russian fuel oil in April
India and Egypt were primary destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in April.
Eurozone growth hits year high amid recovery
Eurozone private-sector business activity hit a one-year high in May, indicating a solidifying economic rebound,…
Goldman Sachs names Hofmann, Kossa for Germany, Austria
Goldman Sachs has appointed Jens Hofmann and Tibor Kossa as the new co-heads of its Germany and Austria investment…
