Egypt Plans to Transform Shaq el-Thoaban Area into Major Marble and Granite Industrial Hub
Minister of Trade and Industry Ahmed Samir announced on Monday plans to develop the Shaq el-Thoaban area into a significant…
Month: April 2024
UAE and Ukraine Conclude Bilateral Trade Talks, Set to Finalize Comprehensive Economic Partnership Agreement
Following a joint announcement issued on Monday, the United Arab Emirates and Ukraine have wrapped up discussions on a bilateral…
Central Bank of Egypt Announces Monday’s Average Exchange Rates for USD and EGP
The Central Bank of Egypt (CBE) has released the average closing exchange rates for the US dollar (USD) against the…
China Objects to Japan’s Proposed Semiconductor Export Controls, Warns of Trade Disruption
Reuters reported on Monday that China’s Ministry of Commerce has criticized Japan’s proposed export controls on semiconductors, cautioning that they…
Bridgewater Associates and Global Citizen Collaborate to Support World Bank’s $5 Billion Loan Initiative
According to Reuters, Bridgewater Associates and advocacy group Global Citizen have forged an alliance to provide macroeconomic research aimed at…
League Games Suspended in Türkiye Following Attack on Referee by Ankaragücü President
On Tuesday, Türkiye took the unprecedented step of suspending all league games after Ankaragücü president Faruk Koca assaulted a referee.…
Egyptian Mercantile Exchange (EMX) Announces Appointment of Deputy Chairman
The Egyptian Mercantile Exchange (EMX) informed Amwal Al Ghad English on Thursday that Egypt’s Prime Minister has appointed Hossam Ahmed…
US Economy Experiences Sluggish 1.6% Growth in Q1 2024
A preliminary estimate released by the Bureau of Economic Analysis (BEA) on Thursday indicates that the US economy expanded at…
Mexico’s Inflation Surpasses Forecasts, Influencing Central Bank’s Monetary Policy Decision
In the initial half of April, Mexico experienced a higher-than-anticipated inflation rate, potentially reinforcing the decision to uphold interest rates…
US Mortgage Rates Hit Five-Month High, Impacting Home Purchase Applications
In a recent report by Bloomberg, it’s highlighted that US mortgage rates have surged to their highest level in five…