Egypt at a Crossroads: Quick Fixes or Sustainable Sovereignty?
Egypt’s mounting debt burden and the growing weight of external obligations have pushed the government towards a…
Browsing Tag
Argentina
Egypt’s citrus exports applauded by Latin America
Egypt’s Agriculture Minister Alaa Farouk said that El Salvador and other Latin American countries praised the…
Egypt, Argentina discuss air transport cooperation opportunities
Egypt’s Civil Aviation Minister Sameh El Hefny met with Argentina’s Ambassador to Egypt, Holger Martinsen, on…
Egypt’s GAFI explores investment cooperation with Argentina
Egypt's General Authority for Investment and Free Zones (GAFI) is taking steps to enhance investment cooperation…
Netflix shares jump after record subscriber growth
Netflix shares on the Frankfurt stock exchange surged 14.3 per cent during early trading on Wednesday following the…
Argentina inks $1b repo agreement with global lenders
Argentina’s government has secured a $1 billion repurchase agreement (repo) with five international banks, marking…
Wheat prices hit 5-m low amid supply surge
Wheat prices are experiencing their longest decline in over five months, driven by expectations of ample global…
OECD forecasts resilient global growth in ’25, ’26
The global economy is expected to grow at 3.3 per cent in 2025 and 2026, slightly up from 3.2 per cent in 2024,…
Ruhrpumpen Egypt targets €1m in sales by year-end ’24
Egyptian-German Pump Company Ruhrpumpen Egypt expects to achieve sales of €11 million by the end of 2024, up from…
Argentina plans summer power cuts amid rising demand
Argentina plans to implement scheduled power cuts this Southern Hemisphere summer to manage electricity demand, as…
Argentina’s draft ’25 budget projects 5% growth
Argentina's budget 2025 projects a five per cent economic growth and a primary fiscal surplus of 1.3 per cent of…
India mulls raising import taxes on vegetable oils
India is considering increasing import taxes on vegetable oils as a means to protect farmers who are struggling…
EU, Mercosur aim to finalise trade deal by year-end
The European Union (EU) and the Mercosur bloc, comprising Argentina, Brazil, Paraguay, and Uruguay, are targeting…
China’s Ganfeng Lithium plans to build derivatives desk
Ganfeng Lithium Group Co. is considering setting up a derivatives-trading desk to manage risk in response to market…
Argentina’s c. bank to sell dollars in parallel market
Argentina's central bank will begin selling US dollars in the country's parallel foreign exchange markets on…
IMF to mull cutting fees on major borrowers
The International Monetary Fund (IMF) is set to discuss reducing fees for its largest borrowers amid concerns over…
IMF expects China to reschedule Argentina’s $18b debt repayments
The International Monetary Fund (IMF) expects China to reschedule payments on a portion of its $18 billion swap…
Argentina slashes rates amid inflation concerns
Argentina has slashed its benchmark interest rate for the sixth time aiming to combat inflation while reducing the…
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…
Argentina’s GDP to contract by 3.3% in ’24, grow 2.7% in ’25: OECD
Argentina’s economy is expected to contract by 3.3 per cent this year driven by hyperinflation, and sizeable fiscal…
Argentina slashes benchmark rates to 80%
Argentina’s central bank has reduced its benchmark interest rate from 100 per cent to 80 per cent, which aligns…
Default risk in emerging markets decreases
The risk of government defaults in emerging markets is diminishing, fueling a bond rally, especially in junk-rated…
IMF cuts Argentina ’24 growth forecast to 2.8%
Argentina 2024 economic growth is expected to see a 2.8 per cent contraction below the October estimate of 5.6 per…
BRICS expands: Egypt and 4 more countries to join as of January 1
The BRICS group is doubling its membership on January 1, as the UAE, Saudi Arabia, Egypt, Iran, and Ethiopia will…
Egypt to be full member of BRICS starting January 2024
South African President Cyril Ramaphosa declared an invitation to Egypt, Ethiopia, Argentina, Iran, Saudi Arabia,…
IMF set to reach deal with Argentina
The International Monetary Fund (IMF) is set to finalise the basis for a staff level agreement with Argentina over…
Argentina to pay its IMF debt with yuan due to dollar shortage
For the first time, Argentina paid $2.7 billion to the International Monetary Fund (IMF) in a payment that came in…
BRICS receives membership requests from 19 countries
Nineteen countries expressed an interest in joining the BRICS group of nations, including 13 countries have…
Argentinean inflation exceeds 100%
Argentina’s annual inflation rate exceeds 100 percent in February, the country’s first time since 1991, when the…
Brazil, Argentina mulls to issue single currency
Brazil and Argentina plan to announce preparations for issuing a common currency in the near future, in a move…
Egypt’s GASC seeks wheat in international tender from 5 origins
Egypt's state grains buyer General Authority for Supply Commodities (GASC) announced on Sunday that it is seeking…
Argentina faces a deepening economic crisis, imposes currency controls
Argentina’s government has imposed currency controls in a bid to stabilize financial markets, as Latin America’s…
Argentina’s latest market shock doesn’t greatly affect other emerging markets:…
Argentina’s latest financial market shock has failed to swamp other emerging markets in the way its previous…
Saudi crown prince meets India’s Modi in Argentina, plans to ramp up investments
Saudi Arabia's Crown Prince Mohammed bin Salman met Indian Prime Ministry Narendra Modi and told him about plans to…
Asian markets cautious as investors look to crucial Trump-Xi talks at G-20 summit
Asian markets ended mixed on Friday as investors waited for a highly anticipated meeting between President Donald…
Putin, Trump due to meet at G20 on December 1: Kremlin document
Russian President Vladimir Putin and U.S. President Donald Trump are scheduled to meet for talks at 1430 GMT on…
IMF hikes Argentina bailout package to $57 billion
The International Monetary Fund (IMF) and Argentina announced on Wednesday an arrangement to increase resources…
Egypt’s trade with South America states 29% up in 5 months
Trade exchange between Egypt and South American countries rose 29.2 percent to $1.792 billion during the first five…
$1.8 bln trade exchange volume between Egypt, Argentina in 2016: minister
The volume of trade exchange between Egypt and Argentina registered around $1.792 billion during 2016, said Egypt’s…
S&P picks Egypt among the 5 most fragile countries exposed to higher interest rate
Credit ratings agency S&P Global has reshuffled its list of the countries that are most negatively affected in…