Browsing: Economy

LONDON – Europe’s main share and currency markets started the week modestly higher while oil and bond prices dipped, as investors kept Middle East concerns in check after Iran’s weekend attacks on Israel.

The Egyptian pound has slumped against the US dollar, recording EGP 48.68 for buying and EGP 48.78 for selling in trading at the Commercial International Bank (CIB) of Egypt, as per the bank’s latest update on April 15th.

With the majority of the projects being delayed during 2023, oversupply is projected to exceed 2 million sq m GLA, which may continue to put “downward pressure” on the performance of the commercial sector

Kiev’s top diplomat has suggested the US and other donors need to give more military aid to stop attacks on Russian refineries

PM stressed the need to find solutions to improve governance in the banking and financial sector and strengthen the foundations of the Tunisian economic fabric

“Ghana will have access to about $360mln in financing once the review is approved by IMF management and formally completed by the IMF executive board,” the statement said

Oil cooled some of the previous day’s gains amid a choppy few days of activity as traders continue to watch for a potential attack on Israel by Iran or its proxies.

Oil will need to be closely watched in the coming months to ensure “a sound and sustainable market balance” during an expected surge in demand, OPEC said in its monthly oil market report.

Britain’s economic output grew by 0.1 percent in monthly terms in February and January’s reading was revised higher, pointing to an exit from recession in early 2024, figures from the Office for National Statistics showed on Friday.

It was reported earlier that the agenda of the shareholders’ meeting will include, among other things, the issue of the size, timing, and form of payment of dividends based on the results of 2023