Egypt to establish int’l Ras El Hekma airport – presidential decree
Egyptian President Abdel Fattah al-Sisi issued a decree establishing a new international airport in Matrouh…
Egypt’s stock exchange to launch shariah-compliant index at end-Q2
Egypt’s stock exchange (EGX) plans to launch a shariah-compliant index comprised of at least 30 listed companies by…
Egypt’s food industries exports hit $1.6b in Q1 ’24
Egypt's food industries exports surged to a record of $1.6 billion in the first quarter of 2024, a significant 31…
Euro area’s retail trade up by 0.8% in March ’24
Eurozone retail trade volume saw a significant increase in March 2024 according to Tuesday data by Eurostat,…
EGP closes high against USD on Tuesday
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
Egypt’s gold reserves hit $9.384b in April – report
Egypt’s gold reserves, a major component of foreign cash reserves, surged to $9.384 billion at the end of April…
Paraguay pushes $1.5b gas pipeline project to rival Bolivia’s dominance
Paraguay is emerging as a potential gas corridor in South America, proposing a $1.5 billion pipeline project to…
UBS job cuts to start late ’24 – CEO
UBS's CEO announced on Tuesday that the bulk of job reductions in Switzerland, the bank’s home market, would…
Egypt’s net FX reserves surge to $41,057b in April – CBE
Egypt’s net foreign exchange reserves rose to $41,057 billion by the end of April 2024, compared to $40.361 billion…
Japan’s services boom fuels rate hike bets
Japan's service sector surged in April, marking the fastest growth in eight months, fuelled by robust business and…
