Egypt's gold prices experienced a notable decline of 3.08 per cent across all major carat measurements on Tuesday at 12:00 pm, compared to April 22st, according to an electronic gold price platform.
The price fall is attributed to the major decline (...)
Governors of the European Central Bank (ECB) have expressed concerns over releasing their interest rate forecasts, in a sign an approach to follow the US Federal Reserve's practice may be hard to sell, Reuters reported on Monday.
They attributed (...)
The West's concerns over China's "overcapacity" in clean energy are misplaced, according to a recent Bloomberg report cited by Xinhua on Monday.
The report, penned by columnist David Fickling, argues that the global anxiety over China's dominance in (...)
Egypt's gold prices saw a minor decline on Monday at 12:00 pm, compared to April 21st, according to an electronic gold price platform.
All types of gold listed in the table have seen a slight drop of 15 per cent in price.
Metal April 22th (EGP) (...)
India's cut and polished diamond exports witnessed a significant decline in the financial year 2023-24, falling 27.5 per cent to $15.97 billion compared to the previous year, as reported by Reuters on Monday.
This slump can be attributed to sluggish (...)
China's Ministry of Finance reported on Monday that general public budget spending grew by 2.9 per cent year-on-year to nearly 7 trillion yuan ($985 billion) in the first quarter of 2024, Xinhua reported.
This increase comes despite a 2.3 per cent (...)
Egypt's gold prices saw a minor decline on Sunday at 12:00 pm, compared to April 21st, according to an electronic gold price platform.
All types of gold listed in the table have seen a slight decrease in price since last week. The decrease ranges (...)
The Central Bank of Egypt (CBE) on Sunday offered a total of 55 billion Egyptian pounds in two treasury bills auctions, according to a CBE statement on its website.
This auction offers investors two options for investing in government debt with (...)
Tesla, the electric vehicle (EV) manufacturer, slashed prices by nearly $2,000 across its models in China, following similar price cuts in the United States, as the company faces declining sales and a growing price war against less expensive Chinese (...)
Tesla reduced the price of its Full Self-Driving (FSD) driver assistant software from $12,000 to $8,000 in the United States, as reported by Reuters on Sunday.
This move is part of CEO Elon Musk's ongoing commitment to self-driving technology, which (...)
Egyptian Prime Minister Mostafa Madbouly is confident that the country's exports can reach and surpass $145bn by 2030, compared to around $53bn in 2023.
Madbouly emphasized the importance of collaboration between the government and the private (...)
Palestinian President Mahmoud Abbas once again threatened to reconsider the relationship with Washington.
Abbas criticized the United States for aborting a draft Arab resolution demanding that Palestine be granted full membership in the United (...)
Egyptian gold prices saw minimal fluctuations on Thursday at 12:00 pm, compared to the day before, according to an electronic gold price platform.
While all carats increased slightly by 0.15 or 0.16 per cent, prices remained nearly steady compared (...)
The Central Bank of Egypt (CBE) on Thursday offered a total of 50 billion Egyptian pounds in two treasury bills auctions, according to a CBE statement on its website.
This auction offers investors two options for investing in government debt with (...)
The recent revocation of a crucial US license permitting Venezuela to export oil globally and attract investment is anticipated to adversely impact both the quantity and quality of its crude and fuel sales, as per a Reuters report.
This development (...)
Taiwanese chip giant TSMC, the world's largest contract chipmaker, posted a stronger-than-expected nine per cent rise in first-quarter net profit on Thursday, as reported by Reuters.
This surge came amid a wave of demand for semiconductors used in (...)
The Central Bank of Egypt (CBE) is offering corridor-linked deposits for a duration of 35 days, amounting to 100 billion Egyptian pounds, the bank announced through its website on Wednesday.
The total amount to be returned is 105,500 billion pounds, (...)
The Seventh International Conference of the Faculty of Media at the British University in Egypt (BUE), titled "Media Economic Models in the Digital Age: Trends and Challenges," was inaugurated by prominent Egyptian journalist and media figure Karam (...)
Egypt's gold prices experienced a modest decline on Wednesday at 11:45 pm, with prices dropping across all major categories compared to yesterday's midday levels (12:00 pm CLT), according to an electronic gold price platform.
Metal April 17th (EGP) (...)
Oil saw a slight decline, with attention focused on Israel's potential response to Iran's recent attack over the weekend, Bloomberg reported on Wednesday.
Brent crude slipped below $90 a barrel following a relatively stable performance on Tuesday, (...)
أفادت وسائل إعلام أمريكية بوقوع حريق هائل في مصنع لإنتاج القذائف المدفعية التي يجري تصنيعها لصالح أوكرانيا، بولاية بنسلفانيا في سكرانتون، حسبما ذكرت صحيفة «واشنطن بوست» الأمريكية.
حريق كبير في أمريكا
المصنع المحترق يعتبر واحدًا من 7 مصانع تنتج (...)
Tesla confirmed a major global workforce reduction, impacting employees in sales, technology, and engineering across the company's two biggest markets – the US and China, Reuters reported on Tuesday, citing five sources familiar with the (...)
The International Monetary Fund (IMF) revised on Tuesday the world growth forecast upwards to 3.2 in 2024, reflecting a 0.1 percentage point increase from their January prediction, according to its World Economic Outlook report.
This upward revision (...)
Oil surged on Tuesday as China's economy outpaced expectations and affected by tensions in the Middle East, as per a Reuters report on Tuesday.
Brent futures for June delivery gained 0.2 per cent, reaching $90.30 per barrel, while US crude futures (...)
The trade surplus of the eurozone experienced a significant increase year-on-year in February, driven by a substantial decrease in imports, particularly of energy and raw materials, according to data from Eurostat, the European Union's statistics (...)