Leaders of the BRICS countries at a summit in South Africa have announced that six new members — Iran, Argentina, Egypt, Ethiopia, Saudi Arabia and United Arab Emirates — have been invited to join the bloc in January. China, Russia […]
In an extensive interview with the Financial Times, Andrey Melnichenko decried the effects of Russia’s invasion of Ukraine on his personal life, while also saying there were war crimes from both sides in the conflict. Melnichenko was sanctioned in March […]
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), and Mohamed Lotfy, President of the British University in Egypt (BUE), signed a joint cooperation protocol to spread the culture and awareness of non-banking financial activities, at the Authority’s headquarters in […]
The Egyptian Exchange (EGX) decided Wednesday to stop the EGX50 EWI index, as of 1 August. Within the framework of the Egyptian Exchange’s direction towards permanent updating and continuous development of market indicators to ensure the diversification of tools for […]
SINGAPORE – GXS Bank, the digital lender backed by Grab and Singtel, has opened up its flagship savings account to new customers on a first-come, first-served basis. It also raised the deposit cap to $75,000 per account. The account was previously only […]
The stock market’s 20% rally this year has prompted some Wall Street strategists to reevaluate their outlook for the S&P 500 and boost their price targets. Credit Suisse is the latest firm to reassess as the benchmark index continues its blistering rally into the dog […]
A top economist chimed in on the ongoing debate on de-dollarization, warning that the allure of the US dollar is waning. The greenback “doesn’t have quite the pull it used to,” Paul Gruenwald, the global chief economist at ratings agency […]
China’s central bank is caught in a pickle between trying to prop up the falling yuan while also boosting an economy that’s losing momentum. A key dilemma the People’s Bank of China faces is that its main lever for juicing […]
Several US Government departments have jointly issued an advisory for business investing in the sub-Saharan African gold sector. The US Department of State, the US Department of the Treasury, the US Department of Commerce, the US Department of Homeland Security, […]
The overall value of India’s stock market has surged more than 14 per cent in the past three months as foreign investors buy into the robust economic growth of the world’s most populous country. The $440bn increase in the value […]
