July 22, 2024

Saudi Arabia, Egypt renewable energy cooperation reviewed

Riyadh, His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, the Minister of Energy of Saudi Arabia, met yesterday in Riyadh with Karim Badawi, the Egyptian Minister of Petroleum and Mineral Resources, and Dr. Mahmoud Esmat, the Egyptian Mini…

China cuts benchmark interest rates

China’s central bank cut its two key interest rates on Monday, lowering the one-year loan prime rate, a peg for corporate loans, from 3.45 percent to 3.35 percent, this marks the rate’s first cut since August 2023.

In a statement, the People’s Bank o…

Egypt’s external debts shrink by USD 14 bln — central bank

The Egyptian central bank announced on Monday that the nation’s external debts dropped to USD 153.86 billion falling by USD 14.17 billion since five months ago (8.43 percent).

The central bank said in a statement carried by the official Middle East N…