The trade volume between Egypt and Arab countries reached $26 billion in 2023, down from $29.5 billion in 2022. Egypt's exports to Arab countries increased to $13.6 billion in 2023 down from $12.5 billion in 2022, while imports fell to $12.4 billion (...)
The Egyptian Ministry of Finance held a two-day workshop in Cairo to empower the private sector, the Egyptian Cabinet announced on Sunday.
The workshop was held in collaboration with the Multilateral Cooperation Centre for Development Finance of the (...)
The World Bank mission concluded on Sunday its mid-term review of the Greater Cairo Air Pollution Management and Climate Change Project, the largest solid waste management project in the Middle East.
In the closing session, Minister of International (...)
Egypt has facilitated $10.3 billion in funding and investments for the private sector over the past four years, Minister of International Cooperation Rania Al-Mashat announced on Sunday during the 11th edition of Rise Up Summit.
Al-Mashat (...)
The Egyptian Pound (EGP) experienced a slight decline against the US Dollar (USD) at the market open on Thursday, May 16, 2024.
The National Bank of Egypt, Banque Misr, and Banque du Caire set their exchange rates at EGP 46.84 for buying and EGP (...)
Japan's leading power utility, JERA, will invest 5 trillion yen ($32.4 billion) over the next decade in renewable energy, new fuels such as hydrogen and ammonia, and liquefied natural gas (LNG). This announcement made by global CEO Yukio Kani, cited (...)
European shares opened lower on Thursday, pressured by declines in automobile and energy stocks as multiple industry heavyweights traded ex-dividend, offsetting gains in insurance stocks like Swiss Re and Zurich Insurance following positive earnings (...)
A European Central Bank (ECB) report released on Thursday revealed that commercial property has emerged as a weak link in the eurozone's financial system, threatening banks, insurers, and funds with potential losses.
Commercial real estate (CRE) (...)
div class="content" tabindex="0" aria-description="" aria-label="Sent by Copilot: In a significant move towards a greener future, the Philippines has extended its zero-tariff policy on electric vehicles (EVs) and their parts until 2028. This (...)
The Egyptian Cabinet approved a draft law on Wednesday aimed at regulating the state's ownership of companies it either fully owns or contributes to, according to a Cabinet statement.
The law applies to companies entirely or partially owned by the (...)
Australian employment rose more than expected in April, with net employment increasing by 38,500 jobs, surpassing forecasts of a 23,700 gain, Reuters reported on Thursday.
However, the jobless rate climbed to a three-month high of 4.1 per cent from (...)
London's FTSE 100 experienced a decline on Thursday, driven by several companies, including oil giant BP, trading ex-dividends, while a forecast cut from Sage Group further weighed on the benchmark index.
The blue-chip FTSE 100 dropped by 0.4 per (...)
The White House announced on Thursday plans to shield domestic solar factories from Chinese competition by revoking a tariff exemption for imported double-sided panels and facilitating subsidies for projects using American-made products.
These (...)
Egypt is poised to become a global leader in green hydrogen production, with ambitious plans to integrate renewable energy into its national strategy and capture a significant share of the market by 2050. The north African country aims to lead in (...)
Germany's robust industrial base is confronting existential challenges due to soaring energy costs, sluggish global demand, and the transition towards net-zero economies, compounded by intensified competition from China.
Concerns over potential (...)
Eurozone inflation is steadily decreasing towards 2 per cent, and the European Central Bank (ECB) will soon begin reducing interest rates, ECB policymaker Mario Centeno announced on Thursday, according to Reuters.
He refrained from confirming if (...)
The European Central Bank (ECB) has introduced a new interest rate framework that could potentially discourage money-market lending, according to policymaker Joachim Nagel cited by Reuters on Thursday.
The framework, which was unveiled in March, (...)
The Egyptian government allocated EGP 7.7 billion in public investments to Dakahlia Governorate for the 2023–2024 fiscal year, marking a 10 per cent increase from the previous year.
Minister of Planning and Economic Development Hala El-Said (...)
Egypt is implementing stricter regulations on real estate sales to foreigners, as Egyptian Justice Minister Omar Marwan, presented on Wednesday the measures taken to combat the illegal sale of real estate to foreigners in foreign currency.
During a (...)
The European Central Bank (ECB) reported on Wednesday that stress in the eurozone home loan market is "manageable" despite higher interest rates and some lax lending practices, according to Reuters.
Record-high rates have impacted house prices, (...)
Britain's FTSE 100 reached a record high on Wednesday, led by Experian's optimistic annual revenue forecast, according to Reuters. The FTSE 100 rose by 0.5 per cent to a record 8,474.41 points at the start of trading, while the FTSE 250 increased by (...)
Europe's benchmark index, the STOXX 600, reached a record high on Wednesday, rising by 0.4 per cent due to positive earnings reports boosting industrial and healthcare stocks as investors eagerly await US inflation data.
Experian, a credit data (...)
Ukraine's economy is projected to grow by 3.0 per cent in 2024, as forecasted in the Regional Economic Prospects report released on Wednesday by the European Bank for Reconstruction and Development (EBRD).
This is a drop from the 5.3 per cent growth (...)
The European Central Bank (ECB) is calling for a close watch on the use of artificial intelligence (AI) in finance. While they acknowledge its potential benefits, they also warn of the risks to consumers and financial stability, which suggests (...)
The US and European nations are at odds over the handling of Russia's frozen assets, estimated at around $300 billion, according to the New York Times, cited by TASS on Wednesday.
While the US and Britain advocate for confiscation, countries such as (...)