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Category: Trading

Libya, Russia sign cooperation agreement

Tripoli, Mohamed Al Raid, the Head of the Libyan General Union of Chambers of Commerce, signed with Vladimir Badalko, the Deputy Head of the Chamber of Commerce and Industry of Russia, a cooperation agreement in the economic sector.

The agreement, wh…

Digesting Biden exit, markets focus on earnings, data

Washington, World markets steadied on Tuesday as investors looked beyond Joe Biden’s exit from the U.S. presidential race, turning their focus to corporate earnings and economic data.

Biden’s exit from the race has cast some doubt on a Republican vic…

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…

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…