Oil prices drop on worries about interest rate hikes
Oil prices fell on Thursday due to concerns about slow demand and the possibility of elevated US interest rates,…
German property lender Aareal incurs largest loss this century
German property lender Aareal set aside $478 million for soured loans in 2023, a record high due to a severe…
Africa’s debt to remain above pre-pandemic levels through ’25 – UN official
Africa's public debt is projected to remain elevated above pre-pandemic levels in 2024 and 2025, with numerous…
Namibia optimistic on economic outlook for 23-24
Namibia recorded an estimated economic growth of 5.6 per cent last year and anticipates a growth of 4.0 per cent…
Egypt plans to build Chinese industrial zone on Med
Egypt’s Minister of Industry and Trade, Ahmed Samir, discussed with his Chinese counterpart Wang Wentao, the…
Egypt mulls $4b Italian steel complex
Egypt’s Prime Minister Mostafa Madbouly reviewed on Wednesday a $4 billion proposal by Italian company Danieli to…
Oil unchanged in Wednesday trade
Oil remained unchanged after earlier losses, as high US inventories competed with expectations for OPEC+ to extend…
Spain’s Endesa in talks to divest stake in renewables unit
Endesa, a Spanish power company, is reportedly in the final stages of negotiations to sell shares in its renewable…
EGX closes red on Feb. 28
Egypt’s stock market closed red on Wednesday. The main index, EGX30 dropped by 1.13 per cent, to 28,876.46 points.
BRICS for common e-payment platform
BRICS countries are considering the possibility of creating a multilateral digital settlement and payments…
