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Egyptian GDP grew 6.6 percent in FY 2021/22 – Prime Minister
In the previous fiscal year 2021/2022, Egypt's economy grew by 6.6 percent, compared to a growth rate of 3.3% in the year prior. This was revealed in a statement released by Prime…
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Indian economic growth is expected to be 7.4 percent this year and next
Indian Finance Minister Nirmala Sitharaman said the Indian economy will grow at 7.4 percent this fiscal year and next. International Monetary Fund (IMF) and World Bank projections for…
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COVID curbs and heatwaves hit July industrial profits in China
China's industrial firms reported a drop in profits in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages…
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Bahrain Minister of Transportation meets with Saudi counterpart
In an official visit to Saudi Arabia, Bahrain's Minister of Transportation and Telecommunications, Mohammed bin Thamer Al Ka'abi, met with the Kingdom's Minister of Transportation and…
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$30 billion aid for Africa will be pledged by Japan at the Tunisia conference
During a conference in Tunisia this weekend, Japan will pledge $30 billion in aid for African development, the Sankei Shimbun reported on Friday. During the Tokyo International…
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Central bank of Egypt cancels maximum cash deposit limit
According to a report by Middle East News Agency, the Central Bank of Egypt (CBE) has decided to remove the maximum limits on cash deposits for individuals and businesses at bank…
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South Korea wins $2.2 billion order to build an Egyptian nuclear power plant
The South Korean government announced that a subsidiary of theirs had won an order worth $2.2 billion from the Egyptian government. This is for the construction of the country's first…
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Blockchain and virtual asset strategy will be unveiled by Abu Dhabi
An initial meeting of the Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) was held under the chairmanship of Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of…
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BOJ official commits to keep ultra-low rates, warns of financial risks
In a global wave of monetary tightening, the Bank of Japan needs to maintain massive stimulus to support an economy facing a resurgence of COVID-19 infections and slowing global demand,…
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Oil prices rise on potential OPEC+ supply cuts
In response to mounting supply tightness concerns over disruptions in Russian exports, the possibility of major producers cutting output, as well as the partial shutdown of a U.S.…
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