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Author: Steven Sahiounie
Gold prices drifted lower on Tuesday as the U.S. dollar firmed, while investors await remarks from U.S. Federal Reserve Chair Jerome Powell scheduled to speak after the central bank’s policy meeting wraps up on Wednesday.
Egypt will allocate more than 125 billion Egyptian pounds ($2.66 billion) for bread subsidies in its 2024/2025 state budget, a finance ministry statement said on Tuesday citing Finance Minister Mohamed Mait.
Nearly half of residents worry about monthly expenses, survey says — here’s what’s hitting their wallets the hardest
Egypt exported goods valued at $11.80bln to the EU as of December 2023, down 31.80% from $17.30bln in 2022
The meeting got under way in Washington at 9am local time (1300 GMT) on Tuesday, the Fed said in a statement
RIYADH: China’s CNOOC Ltd. has made a major oilfield discovery in the Bohai Sea, adding over 100 million tonnes of oil equivalent proved in-place volume, the state-owned oil and gas giant said on Monday.
TOKYO: The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus, according to Reuters.
RIYADH: Annual inflation in Dubai experienced a modest decrease in February, marking a deceleration to 3.36 percent from January’s rate of 3.6 percent, according to official data.
RIYADH: Egypt’s economy witnessed an uptick in ratings as S&P Global upgraded its outlook for the country to positive from stable.
Iran on March 18 began to take the presidency of the 2024 session of the Conference on Disarmament for four weeks. Iran’s ambassador to the UN offices in Geneva said the country’s presidency of the annual Conference on Disarmament has started on March 18. Ali Bahraini said he has taken the helm at the meeting and begun bilateral negotiations with the purpose of reaching a consensual agenda. Iran presides over the 2024 CD session in Geneva from March 18 to 29 and again from May 13 to 24. The Conference on Disarmament (CD), was recognized by the Tenth Special Session on…
