Author: Steven Sahiounie

North Petroleum International Company (NPIC), the Egyptian subsidiary of China’s Zhen Hua Oil, has pledged to invest $78 million to increase its production in Egypt’s Western Desert, Al Mal News reported.

The InstaPay App will introduce a new feature enabling instant payments between individuals via a QR code within a few days

The report emphasizes that the Government’s SOE reform programme is outlined in the recent SOP, subsequent policy statements, and associated regulations

Over the past years, the government has actively worked on developing the tax system by implementing various projects and initiatives aimed at simplifying procedures and stimulating the investment environment

During their discussion, El Molla emphasized that Egypt’s petroleum sector benefits from advanced infrastructure and the expertise of distinguished Egyptian professionals

The amendment of the free trade agreement signed by Tunisia and Turkey helped increase Tunisian exports (+7.3%) and cut imports (-5%) in the first fourth months of 2024, said Head of Cooperation with Europe at the Trade and Export Development Ministry Nabil Arfaoui.

TOKYO: Asian factory activity expanded in May as manufacturers benefited from broadening global demand, private surveys showed on Monday, adding to hopes for sustained economic recovery in the region where China is showing early signs of rebound.

European stocks bounced and government bond yields dropped on Monday as investors looked forward to an interest rate cut from the European Central Bank (ECB), while U.S. jobs data kept the focus squarely on inflation.

Russia’s finance ministry has raised its estimate of this year’s budget deficit to 2.12 trillion roubles ($23.76 billion) or 1.1% of gross domestic product, according to budget amendments submitted by the government to parliament.

Kazakh President Kassym-Jomart Tokayev said on Monday that the humanitarian situation in Gaza, where Israel has killed more than 36,400 Palestinians since October, is approaching “catastrophic” levels. “Almost all major international organizations have called the humanitarian situation in Palestine unacceptable. In fact, it is approaching catastrophic,” Tokayev said during a meeting with the heads of parliament of Collective Security Treaty Organization (CSTO) member states in the city of Almaty, according to a presidential statement. Expressing that their meeting on the sidelines of the CSTO’s Parliamentary Assembly meeting is taking place in “conditions of unprecedented aggravation of the international situation,” Tokayev…