Finance Minister allocates additional EGP500m funds for salaries
Egypt’s Minister of Finance has authorised an additional 500 million Egyptian pounds in funding for state workers…
Saudi fintech firm’s IPO oversubscribed
Saudi Arabia's fintech sector witnessed a surge in investor interest as Rasan Information Technology Co. launched…
US EV electricity consumption surges over 50% in early ’24
Electricity consumption from electric vehicles (EVs) in the United States surged by over 50 per cent in the first…
EU to retain Russian frozen assets revenues even after lifting sanctions
The European Union (EU) has stated that it does not plan to transfer income from frozen Russian sovereign assets,…
China’s PBC injects $281.3m liquidity via reverse repos
The People's Bank of China (PBC) has injected two billion yuan ($281.38 million) into the banking system through…
ADNOC acquires Galp stake in Mozambique
ADNOC announced the acquisition of Galp’s 10 per cent stake in Mozambique's Area 4 concession in the Rovuma basin,…
Chinese yuan weakens slightly against dollar
The Chinese yuan weakened slightly against the US dollar on Wednesday, with the CFETS setting the central parity…
Bundesbank raises inflation alert amid surging wages
Germany’s central bank, the Bundesbank, reported on Wednesday that wages in the country have been rising faster…
China mulls 25% tariffs on large gas cars – expert
Chinese government-affiliated auto research body has proposed raising import tariffs on large gasoline-powered cars…
Huawei launches $300m cloud zone in Egypt
Huawei Cloud has launched its first cloud zone in Egypt, investing $300 million to become the first company…
