Egypt has been excluded from the International Observation list for 2024, The Egyptian Minister of Labour announced on Sunday.
This decision, made during the 112th International Labour Conference (ILO) in Geneva, reflects Egypt's commitment to (...)
Venezuela's President Nicolas Maduro has decreed to charge companies 9 per cent of the total amount paid to employees to finance the pensions, Bloomberg reported.
However, the decree offers an exemption of up to one year for companies registered in (...)
Ukrainian drone attacks on Sunday on Southern Russia lead to a temporary halt in operations at a small independent refinery in Krasnodar, Bloomberg reported on Sunday.
Six drones targeted the Slavyansk facility overnight, resulting in no casualties, (...)
Assem El-Gazzar, Minister of Housing stated that it is planned to kickstart construction works in Ras El Hekma mega development project before the end of 2024, according to Amwal Al Ghad report on Sunday.
Speaking on the sidelines of an economic (...)
Egypt's stock exchange (EGX) closed in the green area on Sunday, with the main index, EGX30 jumping by 4.49 per cent, to 27,315.83 points.
The small to mid-size enterprises' index, EGX70 surged by 3.91 per cent, to 5,886.88 points.
The index, EGX100 (...)
Oil went up for the second consecutive day, lifted by a decrease in US oil reserves and a broader positive sentiment spurred by indications of easing US inflation, Bloomberg reported.
Brent, the global benchmark, surpassed $83 per barrel following a (...)
Australia's robust A$3.7 trillion ($2.5 trillion) pensions industry is adept at negotiating lower asset management fees compared to global peers, saving nearly 12 basis points, or about a fifth, Bloomberg reported on CEM Benchmarking statement on (...)
Abu Dhabi investor Lunate Capital is set to introduce an exchange-traded fund (ETF) that tracks Japanese equities, as per the firm's announcement on Thursday, according to Reuters.
The ETF, named Chimera S&P Japan UCITS ETF, marks their third ETF (...)
Indonesia foresees a 29 per cent surge in oil and gas investments for 2024, driven by intensified drilling and exploration post-exits of Shell and Chevron, Reuters reported.
According to the report, 40 per cent of this year's $17 billion investments (...)
The prospective Dutch government, has outlined intentions to bolster offshore natural gas exploration and nuclear energy generation in efforts to decrease reliance on other countries, according to Reuters citing the government statement on (...)
Israel's economic recovery surged amid its war on Gaza, with GDP rising by 14.1 per cent in Q1, slightly below expectations, Bloomberg reported.
Shekel weakened due to increased government spending, depreciating by over 4 per cent since March. (...)
The World Bank and Turkey have inked a deal for a $1 billion programme aimed at bolstering efforts to expand renewable energy, according to Reuters.
This initiative intends to facilitate the development and growth of Turkey's distributed solar (...)
Nigeria's recently established Dangote mega refinery, situated near Lagos, is aiming to procure millions of barrels of US crude within the upcoming year as it accelerates its processing operations, Bloomberg reported.
This move underscores the (...)
The South African rand surged to its highest level in five months on Thursday, buoyed by improving risk sentiment amid growing speculation that the Federal Reserve might reduce interest rates in September, Reuters reported.
As of 1029 GMT, the rand (...)
Egypt's stock market (EGX) closed green on Thursday. The main index, EGX30 jumped by 3.27 per cent, to 26,142.84 points.
The small to mid-size enterprises' index, EGX70 surged by 3.46 per cent, to 5,665.24 points.
The index, EGX100 index climbed by (...)
Egypt's stock market (EGX) closed mixed on Wednesday. The main index, EGX30 sunk by 0.09 per cent, to 25,316.08 points.
The small to mid-size enterprises' index, EGX70 climbed by 0.58 per cent, to 5,475.88 points.
The index, EGX100 index went up by (...)
Egypt received the second batch of the advance payment amounting to $14 billion, of Ras Al Hekma development deal with UAE sovereign fund, Prime Minister, Dr Moustafa Madbouly, announced on Wednesday during a cabinet meeting. Dr Madbouly highlighted (...)
US Consumer Price Index for All Urban Consumers (CPI-U) rose to 0.3 per cent in April, following a 0.4 per cent rise in March, according to the latest US Bureau of Labor Statistics report released on Wednesday.
Annually, the all-items index surged (...)
US retail sales unexpectedly remained stagnant in April, as elevated gasoline prices diverted consumer spending away from other merchandise, signalling a slowdown in consumer activity, Reuters reported on Wednesday.
The Commerce Department's Census (...)
Egypt has secured a €1.8 billion investment guarantees from the European Union (EU), aiming to boost private sector investments within the country.
The announcement comes as part of a broader effort to foster economic growth and development in Egypt (...)
China's liquefied natural gas (LNG) imports are poised to hit unprecedented levels in 2024, according to a projection by a PetroChina official, Reuters reported on Wednesday.
Zhang Yaoyu, the global head of LNG and new energies at PetroChina (...)
Oil remained within a narrow trading range on Wednesday as the International Energy Agency (IEA) revised down its forecast for 2024 demand growth by 140,000 barrels per day, Bloomberg reported.
Brent futures edged closer to $83 a barrel, trading (...)
Argentina has slashed its benchmark interest rate for the sixth time aiming to combat inflation while reducing the central bank's balance sheet, Bloomberg reported.
The latest move saw the monetary authority dropping its key rate to 40 per cent from (...)
The International Energy Agency (IEA) reported a softening outlook for global oil demand growth this year, attributing it to an economic slowdown and mild weather in Europe.
The outlook indicates a rise in world fuel consumption by 1.1 million (...)
The European Bank for Reconstruction and Development (EBRD) anticipates a positive economic performance in Morocco, as stated in its recent report.
Despite the significant challenge posed by a 6.8-magnitude earthquake near Marrakech in September (...)