African credit rating agency up in ’25
A credit rating agency tailored to address the specific requirements of Africa’s sovereign borrowers is expected to…
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trade
German exports down 3.6% in May ’24
German exports experienced a decline of 3.6 per cent in May 2024, and imports fell by 6.6 per cent on a calendar…
EU expands economic sanctions against Russia
The Council of the European Union announced on Monday a significant expansion of economic sanctions against Russia,…
Egypt secures $130m in non-refundable USAID grants
Egypt is poised to receive eight non-refundable development grants totaling $130 million from the United States…
Bank of Russia halts trading in Hong Kong dollar
The Bank of Russia announced on Thursday the suspension of trading in the Hong Kong dollar on the Moscow Exchange…
Chinese, Japanese, S. Korean PMs pledge to boost free trade talks
Chinese Premier Li Qiang and South Korean President Yoon Suk-yeol pledged to expedite the second phase of Free…
US producer price index up by 0.5% in April
The US Bureau of Labor Statistics has announced a notable uptick in the Producer Price Index (PPI) for final…
Russia pushes for open food trade – MFA
Russia is actively working to eliminate international barriers hindering its food and agricultural exports, Deputy…
Egypt’s parliament approves $61.7m strategic grants
Egypt’s House of Representatives endorsed four strategic grant agreements totaling $61.7 million for the Ministry…
Austria eyes green hydrogen opportunities in Egypt
Egypt and Austria have maintained a strong relationship over the years, which is also reflected in their robust…