US consumer confidence falls sharply in April
US consumer confidence plunged in April for the fifth consecutive month. The Conference Board’s Consumer Confidence…
Browsing Tag
COVID-19 pandemic
World Bank approves $600m for Morocco’s social, climate resilience reforms
The World Bank has approved a $600 million financing package for the final phase of Morocco’s Strengthening Human…
Indonesia’s c. bank to buy 150t rupiah of state bonds
Indonesia's central bank will buy 150 trillion rupiah ($9.3 billion) of state bonds in the secondary market next…
Ethiopia parliament backs $4.8b spending increase
Ethiopian lawmakers approved on Tuesday a government plan to increase spending by $4.8 billion for the 2024/25…
UK’s Starmer targets benefits bill with ‘radical reforms’
UK Prime Minister Keir Starmer has pledged to introduce "radical reforms" aimed at addressing the country's rising…
Qatar offers debt relief to struggling firms to support private sector
Qatar plans to boost private sector growth by launching initiatives, including writing off loans for companies…
China’s bank lending likely to surge in Sep. ’24 – Poll
China's new yuan loans likely experienced a significant increase in September 2024.
WHO, partners offer $1.5b to world vulnerable communities
The World Health Organization (WHO), in partnership with several multilateral development banks (MDBs), has…
Cambodia’s public debt up slightly 1.62% in Q2
Cambodia's total public debt stock reached $11.27 billion at the end of the second quarter, a slight increase of…
OECD forecasts 3.5% GDP Growth for Morocco ’24, 4.0% ’25
The OECD Economic Survey forecasts a 3.5 per cent GDP growth for Morocco in 2024, matching the 2023 rate and…
Global labour income share faces prolonged decline – ILO
The International Labour Organisation (ILO) highlighted a global decline in the labour income share, which has…
Africa receives $4.61b in loans from China in ’23
Chinese lenders approved $4.61 billion in loans to Africa in 2023, the first annual increase since 2016, according…
S. Korea’s combined debt tops $2.26t
South Korea's combined government and household debt has reached a new milestone, surpassing 3,000 trillion won…
Tokyo Metro to seek record 700b yen IPO
Japan and Tokyo governments aim for a 700 billion-yen ($4.7 billion) valuation for Tokyo Metro ahead of its…
US jet fuel consumption increase in ’23, below pre-pandemic peak
US jet fuel consumption increased for the third consecutive year in 2023 but remained 5 per cent below the 2019…
JPMorgan lowers emerging market default forecast
JPMorgan revised its forecast for emerging market (EM) corporate defaults on Monday, citing the most significant…
Polar Semiconductor to secure $120m grant from US gov.
Polar Semiconductor is poised to secure a $120 million grant from the US government to enhance its Minnesota-based…
UAE’s Emirates airline profit hits $4.7b in ’23
UAE’s Emirates Airline, the long-haul carrier reported a record profit of $4.7 billion in 2023, as per the…
Egypt to boost private sector with IFC – minister
In a bid to bolster Egypt's private sector, Rania Al-Mashat, the Minister of International Cooperation and Governor…
Zambia’s currency plunges to historic low vs USD
Zambia's kwacha plunged to a historic low against the US dollar On Wednesday, hitting 27.30, a manifestation of…
Half of poorest countries falling behind despite advantages – World Bank
Half of the world's 75 most vulnerable countries are falling behind wealthy nations in income growth, a new World…
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…
UK job market shrinks 15% in January – Adzuna
The recruitment data company, Adzuna, reported on Monday that UK job advertisements reached a nearly three-year low…
Bahrain plans to issue Eurobonds
Bahrain plans to issue a dollar bond with a two-tranche deal: a seven-year Islamic note with a 6.625 per cent…
Land expansion dims offshore wind power in Germany
The proportion of offshore wind power from the North Sea in Germany's total wind energy output has decreased due to…
Global stock indexes expected to increase modestly in 2024
Most key global indexes are predicted to rise next year, while a small majority of stock market experts expected…
Italian opera San Carlo to perform at Giza pyramids next October
The Italian opera house Teatro San Carlo is set to take over the iconic Great Pyramids of Giza in what is being…
Drones to deliver medicines in Dubai
Drones will soon start delivering medicines in Dubai, according to a healthcare leader in the country on Monday.
President al-Sisi thanks participants in Africa Health ExCon’s success
Egypt's President Abdel Fattah al-Sisi has expressed his gratitude on Tuesday to those who are participating in the…
Sisi: Africa needs $108 bln annually for infrastructure
Egypt's President Abdel Fattah al-Sisi said that Africa needs $108 billion each year for its infrastructure on…
Last South African indigenous language speaker fights to preserve it
Katrina Easu, the last speaker of the South African indigenous hunter gatherer group’s language, N|uu, fights to…
IMF team visits Ethiopia to discuss funding programme
International Monetary Fund (IMF) officials are currently visiting Ethiopia for technical discussions to work on an…
JICA signs $336 mln ODA loan agreement with Egypt
Japan International Cooperation Agency (JICA) has signed on Monday a 44 million Japanese yen (JPY) ($336 million)…
Fitch Solutions predicts 52mn tourists will visit Egypt till 2026
Fitch Solutions expects an increase in Egyptian tourism arrivals to reach 52 million tourists until 2026, due to a…
Egypt welcomes 1st Chinese tourist group since COVID-19 outbreak
Egypt’s Cairo International Airport has received the first Chinese tourist group on Friday since the outbreak of…
World economy heads for one of its worst years as 2023 looms: AFP report
The world has witnessed a number of crises since the World War two, which have never seen such a complicated…
ECB to start discussion on shrinking its balance sheet earlier on October – report
The European Central Bank (ECB) agreed to start discussions on shrinking its balance sheet in early October,…
Around $35 billion ‘hot money’ left Egypt since pandemic – minister
Egypt's Finance Minister Mohamed Maait said on Sunday that around $35 billion in short-term investment “hot money”…
UK house price surges – Nationwide says
UK house average price stands at £273,751 ($316,487) up from £271,209 in July as it represents an increase of…