Browsing: Economy

A subsidiary of Sweden-based Tethys Oil has signed an agreement for $60 million amortising term loan facility with the UAE’s Abu Dhabi Commercial Bank.

The Group has delivered stable performance throughout H1 2024, despite challenging conditions impacting both export and domestic markets

Cairo –  The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth EGP 65 billion through two auctions on Thursday, 1 August 2024.

The dollar slipped 0.15% against major currencies to trade at 104.21 TOKYO – The dollar slipped on Friday as investors…

Europe’s main Stoxx share index was 1.6% lower in early dealings as all of the region’s main equity gauges fell and futures trading implied Wall Street’s S&P 500 would open more than 1% lower later in the day

Spot gold was up 0.7% at $2,463.46 per ounce as of 1105 GMT on Friday, just $20 shy of the record peak of $2,483.60 scaled on July 17

Brent crude futures gained 55 cents, or 0.7%, to $80.08 a barrel

China’s $18.6trln economy grew more slowly than expected in the second quarter, and cautious households are building up savings and paying off debts

The BoE lowered its benchmark rate to 5.0% on Thursday, from a 16-year high of 5.25%, offering a bit more relief to households and businesses who are emerging from the inflationary shocks

The prospect that the U.S. central bank would start reducing borrowing costs in September has been a solid bet for weeks