The CEO of Al Ahli Bank of Kuwait has resigned with effect from Thursday and will be replaced by the general manager of corporate banking on an acting basis.

Very few countries – just 14 out of a total of 194 – have included specific targets for total renewable power capacity for 2030 in their commitments under the Paris Agreement climate pact

The brokerage’s current forecast gives a 6% ‘upside’ potential by the end of the year for the benchmark index, which is used to gauge the broader global equity market performance

The MSCI EM equities index fell 1.6%, having dropped as much as 1.9% earlier in the session. The benchmark was set for its biggest percentage drop since April 16

 Egypt’s net foreign reserves rose to $46.126 billion in May from $41.057 billion in April, central bank data showed on Tuesday.

The industrial sector, which is represented by 4,702 companies promoting the employment of 534,000 people, contributes 90% to exports, or 50 billion dinars/year, said Minister of Industry, Mines and Energy, Fatma Thabet.