Industrial production in the euro area decreased by 1.1 per cent in December 2024 compared with 0.4 per cent rise in November 2024, while the EU saw a 0.8 per cent decline, reversing the growth of 0.2 per cent in November 2024, according to (...)
Seventy-eight nations have issued a joint statement reaffirming their support for the International Criminal Court (ICC) after the Trump administration imposed sanctions against the court and its officials.
The US government imposed the sanctions (...)
Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib has called investors from Luxembourg to explore diverse investment opportunities across various productive and service sectors within the Egyptian market.
During his meeting with (...)
Hassan El-Khatib, Egypt's Minister of Investment and Foreign Trade, met with Xavier Bettel, Luxembourg's Deputy Prime Minister and Minister of Foreign and External Trade, to discuss enhancing economic and investment relations between the two (...)
Industrial production increased by 0.2 per cent in the euro area and 0.1 per cent in the European Union (EU) in November 2024 compared to October, according to Eurostat latest data on Wednesday. This follows a 0.2 per cent rise in the euro area and (...)
The International Finance Corporation (IFC), a member of the World Bank Group, has issued a four-year bond denominated in Azerbaijani manat (AZN) to raise 34 million AZN ($20 million).
The bond aims to expand access to loans for micro, small, and (...)
French Finance Minister Antoine Armand announced that the government will present a budget this week that aligns with European Union (EU) rules, aiming to reassure both EU partners and financial markets about France's growing deficit.
Speaking ahead (...)
The euro area is projected to achieve growth close to the European Commission's forecast of 0.8 per cent this year, despite ongoing geopolitical uncertainties, according to Economy Commissioner Paolo Gentiloni.
Speaking ahead of a meeting of finance (...)
Google won a significant legal battle against the European Union (EU), overturning a €1.5 billion ($1.7 billion) fine imposed for stifling competition in online advertising.
The EU's General Court in Luxembourg ruled on Wednesday in favour of (...)
European Central Bank (ECB) Chief Economist Philip Lane stated on Monday that the ECB should continue to cut interest rates gradually without committing to a fixed schedule.
Speaking in Luxembourg, Lane emphasised the importance of retaining (...)
Retail trade volumes in the euro area and the EU saw slight improvements in July 2024, according to Eurostat data.
Compared to June, the seasonally adjusted retail trade volume increased by 0.1 per cent in the euro area and by 0.2 per cent in the (...)
Industrial producer prices rose by 0.8 per cent in July 2024, in both the euro area and the EU, up from a 0.6 per cent increase in June, according to Eurostat's latest estimates.
However, on an annual basis, prices fell by 2.1 per cent in the euro (...)
The Philippines received a net inflow of $1.38 billion in foreign investments, according to recent data released by the central bank. The latest data represents a significant improvement from the previous month, which saw a net outflow of $27.26 (...)
The World Bank has raised $6.5 billion through a dual-tranche Sustainable Development Bond transaction, marking its largest order book to date. The issuance includes a $3 billion 2-year bond maturing in August 2026 and a $3.5 billion 10-year bond (...)
The World Bank initiated its fiscal year 2025 US Dollar Benchmark Programme by pricing two sustainable development bonds, totaling $2.7 billion. This includes a $2 billion 3-year bond and a $700 million tap of an existing 7-year bond, both linked to (...)
Badr Abdelatty was sworn in as Egypt's new Minister of Foreign Affairs before Egyptian President Abdel Fattah Al-Sisi during the recent cabinet reshuffle. He succeeds Sameh Shoukry in this important role.
Abdelatty's professional journey began in (...)
Eurozone retail trade volume saw a significant increase in March 2024 according to Tuesday data by Eurostat, compared to February 2024, the seasonally adjusted retail trade volume rose by 0.8 per cent in the euro area and 1.2 per cent in the (...)
European Investment Bank (EIB) President Nadia Calviño met with Egyptian Minister of International Cooperation Rania Al-Mashat at the EIB headquarters in Luxembourg on Tuesday. The meeting focused on strengthening collaboration between Egypt and the (...)
Egyptian Minister of International Cooperation Rania Al-Mashat arrived in Luxembourg on Monday to visit the headquarters of the European Investment Bank (EIB), the European Union's financial arm and climate bank.
This marks Al-Mashat's first visit (...)
Badr Abdel Aty, Egyptian Ambassador to Brussels, received a high-level Egyptian economic delegation of senior public and private sector officials. The delegation aimed to promote investment in Egypt, review the economic reform process in the (...)
French energy firm Engie, announced on Thursday, it increased its financial forecast for 2024 following a rise in annual core profits, driven by robust gas and power sales during a slightly chillier winter, Reuters reported.
Engie reported a net (...)
The Euro area annual inflation rate rose in December 2023 to 2.9 per cent, against 9.2 per cent a year earlier, Eurostat data showed on Wednesday.
The European Union's annual inflation was at 3.4 per cent in December 2023, going up from 3.1 per cent (...)
The European Investment Bank (EIB) inaugurated a new regional hub in Egypt on Sunday to boost cooperation with private and public partners.
The new regional hub is located next to the European Union (EU) delegation in Cairo, according to a press (...)
The European Investment Bank (EIB) officially opened its new regional hub in Cairo, Egypt, on Monday, to enhance its engagement and cooperation with public and private partners across the Middle East and North Africa.
The EIB Global regional hub was (...)
Orascom Investment Holding S.A.E (OIH) sold subsidiaries owning the real estate units located in Patio Victor Malzoni building in São Paulo In Brazil, for around $17.88 million, according to a statement by the company on Sunday.
OIH intends to (...)
