Economy
At least two Egyptian banks have suspended the use of Egyptian pound debit cards outside the country to stop a drain on foreign currency as the country's currency shortage worsens. Arab African International Bank sent a notice to customers on Wednesday and Arab International Bank sent one on Thursday announcing the suspension, according to several ...
China's factory output and retail sales grew at a faster pace in August, but tumbling investment in the crisis-hit property sector threatens to undercut a flurry of support ...
Oil prices eased on Thursday as worries over demand due to a seasonal slowdown during winter and an uncertain economic outlook for China outweighed expectations of tighter supplies ...
China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector, two people familiar with the matter said, ...
Saudi Aramco is considering selling a stake worth as much as $50 billion through a secondary share offering on the Riyadh bourse after consultations with advisers, the Wall Street ...
Oil prices saw a limited rally on Friday ahead of US Federal Reserve (Fed) Chairman Jerome Powell's speech due later in the day. International benchmark Brent crude traded ...
Leaders of the BRICS group of developing nations have invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join, in a move aimed at ...
The EU has posted a foreign trade deficit of €4.2 billion ($4.5 billion) during the first half of 2023, easing from €201.3 billion in the same period last ...
Industrial production fell 1.2% on a yearly basis both in the euro area and the EU, the bloc's statistics office revealed on Wednesday. On a monthly basis, production was up 0.5% in the euro area and 0.4% in the EU, Eurostat added. In the eurozone, production of energy fell in June by 7.8%, intermediate goods ...
Russia's central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency move to try and halt the rouble's recent slide after ...
