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Business - Economy
7/21/2023 5:57:17 PM
The Russian Central Bank on Friday hiked its key interest rate for the first time in more than a year amid fears that a weakening ruble will drive up inflation in the country.

World - International
7/20/2023 7:35:31 PM
Twenty-two countries from around the globe have applied to join the BRICS bloc and more have shown interest, South Africa said Thursday, ahead of the five-nation group's summit next month.

Business - Economy
7/20/2023 5:11:04 PM
Fewer Americans applied for unemployment benefits last week with the labor market continuing to cruise along despite higher interest rates intended to cool hiring.

World - International
7/15/2023 12:02:56 PM
China's top diplomat urged India to focus on "common interests" and meet China "halfway" to defuse border tensions between Asia's most populous neighbours, the Chinese foreign ministry said Saturday.

Business - Economy
7/14/2023 1:01:01 PM
Asian traders on Friday welcomed more data showing falling US inflation, giving the Federal Reserve room to bring the curtain down on more than a year of interest rate hikes.

Egypt - Foreign Affairs
7/13/2023 11:34:24 AM
Prime Minister Mostafa Madbouly stressed on Wednesday that the Africa Climate Summit is a crucial occasion to reaffirm Africa's priorities, concerns, and interests concerning climate matters.

Business - Economy
7/13/2023 10:49:35 AM
US consumer inflation cooled in June to its lowest rate since early 2021, according to government data released Wednesday -- an encouraging sign for policymakers battling cost-of-living pressures.

Business - Economy
7/11/2023 3:50:05 PM
Major stock markets mostly rose Tuesday as China moved to boost its flagging economy, while the pound hit a 15-month high against the dollar as UK data pointed to more aggressive interest rates hikes from the Bank of England.

Business - Economy
7/10/2023 10:41:00 AM
Egypt's headline inflation maintained its upward trend in June, reaching 36.8 percent, compared to 34.8 percent in May, as announced by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Monday.

Business - Economy
7/7/2023 2:24:59 PM
Asian shares slipped Friday after another decline on Wall Street, where hopes for an end to interest rate hikes were again shaken by strong jobs data.

Business - Economy
7/5/2023 12:05:53 PM
Turkey's annual inflation rate slowed to 38.2 percent in June, official data showed Wednesday, although economists warned that this may be a low point for the year.

Advertising - Sponsored
7/3/2023 4:45:38 PM
Nicolas will provide expert advice and guidance on specific issues and areas of responsibility related to rugby and matters of interest on the African continent.

Egypt - Politics
6/30/2023 3:56:07 PM
Egyptian President Abdel-Fattah El-Sisi stated that on 30 June 2013, the people declared Egypt's independence in decision-making, following only their will and supreme interests.

Business - Economy
6/28/2023 1:50:09 PM
Italian Prime Minister Giorgia Meloni on Wednesday criticised the European Central Bank's hiking of interest rates to fight inflation, warning "the cure risks proving more damaging than the disease".

Business - Economy
6/27/2023 5:11:10 PM
European Central Bank President Christine Lagarde warned Tuesday that inflation is holding its grip on the economy and underlined that the bank intends to raise rates high enough to “break this persistence."

Business - Markets & Companies
6/24/2023 3:31:16 PM
Bajaj Auto, India's largest manufacturer of two and three-wheel vehicles, has expressed interest in expanding operations in Egypt, as per a press release by the Suez Canal Economic Zone (SCZONE) on Saturday.

Business - Economy
6/23/2023 1:29:06 PM
Equity markets sank Friday and oil extended a sharp selloff after a string of interest rate hikes by central banks revived worries about the global economy.

Business - Economy
6/22/2023 11:01:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has maintained interest rates unchanged in its final meeting of FY2022/2023 which ends on 30 June.

Business - Economy
6/22/2023 5:32:25 PM
A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to tackle historically high inflation.

Business - Economy
6/22/2023 5:19:18 PM
Turkey on Thursday pivoted away from years of unconventional economics promoted by President Recep Tayyip Erdogan as the central bank nearly doubled its key interest rate to fight inflation and steady the troubled lira.

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