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EGYPT CURRENCY
Waka Waka! Indian consumer giants seek to roar louder in AfricaIndian consumer firms are significantly boosting investments in Africa, shifting from market entry to large-scale operations. Driven by a y...- Charting the Global Economy: Factory activity sags on inflationGlobal economic activity is slowing, with manufacturing contracting in many regions due to persistent inflation and the ongoing energy crun...
- What if the Strait of Hormuz didn’t reopen?The Strait of Hormuz, a vital oil route, faces potential prolonged closure. This situation mirrors past disruptions, raising concerns about...
- Wealth creation is also about ignoring noise on the street: 15 mid- and small-cap stocks from different sectors which fit the billIn the April 2022-September 2024 bull market, every management appeared capable. Margins expanded, working capital looked manageable, capit...
- For foreign workers in Mideast, risk from Iran war collides with economic strain at homeA missile strike in the Mideast killed Mohammad Abdullah Al Mamun, a Bangladeshi migrant worker, highlighting the perilous situation for mi...
- Gold to clinch $8,000 in just 5 years? Germany’s Deutsche Bank makes bold predictionGold's role in global reserves is set to grow. Deutsche Bank forecasts gold prices could reach $8,000 per ounce in five years. Central bank...
- Global Market: Emerging markets face mounting economic pressure amid Iran war disruptionsThe Iran war's economic ripple effect is hitting emerging markets hard, two months on. Rising inflation, trade disruptions, and fiscal stra...
- Investors dive back into frontier markets after April rallyInvestors are once again investing in risky frontier markets. These markets are showing strong gains, outperforming major indices. Money ma...
- Putin to attend BRICS Summit in India, Kremlin confirms second visit in a yearRussian President Vladimir Putin will attend the upcoming BRICS summit in India. New Delhi will host the 18th BRICS Summit in September 202...
- Iran war leaves crisis-scarred countries counting the costIran war: Sri Lanka, Egypt, and Pakistan are struggling with rising energy costs. The Iran war has worsened their economic situations. Thes...
- In a ‘radical shift’, frontier markets go for policy changesCentral banks across key frontier economies including Kenya, Nigeria and Egypt have hiked policy rates significantly in recent months, whil...
- Egypt says land sale, IMF accord will ease budget problemsEgypt agreed in February to sell the development rights to Ras al-Hikma, a prime Mediterranean resort destination, to Abu Dhabi for $24 bil...
- Egypt raises rates by 600 bps to record levels, currency loses a third of its value within minutesEgypt has finally let the pound go, setting off a series of interconnected financial upheavals. Doubts, however, still remain over Egypt's ...
- India should consider free trade agreement with Egypt: ExportersFederation of Indian Export Organisations (FIEO) Director General Ajay Sahai said that India and Egypt have historic trade relations, which...
- India providing credit line to Egypt, reports sayIndia has offered Egypt an undisclosed credit line to support the country's economy as it seeks to stabilise its finances in the wake of th...
- Egypt's Parliament endorses pact to join Brics BankEgypt has also expressed interest in joining Brics, others being Iran and Argentina. Deputy chairman of Egyptian Parliament's economic comm...
- MENA region emerges as world's fastest-growing crypto adopter -studyWhile the Middle East and North Africa region is one of the smallest crypto markets, its growth to $566 billion received in cryptocurrency ...
- Emerging market investors turn to EgyptSince November, the pound's appreciation has been faster than most expected, pointing to a more balanced and efficient market.
- S&P downgrades Egypt's debt ratingS&P became the third international ratings agency in under a week to downgrade Egypt because of the unrest that has gripped the Arab world'...
- SAPL to mop up Rs 150 cr to fund petrochemical unitsThe Rs 1,000-crore South Asian Petrochem will mop up Rs 150 crore through preferential issue and foreign currency convertible debentures to...
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