Business

Egypt’s banking sector net foreign assets rise 9.8% to $31.2 billion in August

Egypt's banking sector net foreign assets surged by 9.8% in August 2026, reaching $31.2 billion, the highest level since January 2020. This increase, reported by the Central Bank of Egypt (CBE), reflects the country's ongoing efforts to bolster its foreign-currency…

Dubai to host Concordia Horizon Summit in Middle East first

Dubai will host the Concordia Horizon Summit for the first time in the Middle East in May 2027, under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister…

G7 countries agree to release 100 million barrels of oil

G7 countries agreed on 2 October to release 100 million barrels of diesel and crude oil through the IEA, taking account of earlier commitments, Reuters reported.

Newent baby bank reports increased demand as parents face financial struggles

The Newent baby bank has reported a significant increase in demand for its services as many parents face financial difficulties, according to a recent report by The National Childbirth Trust. The report indicates that nearly half of parents are experiencing…

Trump announces $200bn Korean investment in US projects amid pipeline uncertainty

US President Donald Trump announced on Wednesday that the Republic of Korea plans to invest approximately $200 billion in various projects across the United States. This announcement marks the first major initiative under a broader $350 billion strategic investment package…

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