Browsing: Business

The European Investment Bank Group approved €17.4 billion in new financing for energy, transport, healthcare, education and business investment, including €3.7 billion for projects aimed at reducing Europe’s dependence on fossil fuels. The package, cleared by the boards of the

Egypt’s net international reserves rose to a provisional $55.0723 billion at the end of June 2026. The total crossed $55 billion for the first time and set a new record. The Central Bank of Egypt released the figure on July

Volkswagen is assessing workforce reductions that could bring total job cuts across the group to as many as 100,000. Chief Executive Oliver Blume told employees that current calculations point to about 50,000 additional reductions worldwide. Those positions would come on

The Council of the European Union gave final approval Tuesday to the EU-Mexico Interim Trade Agreement. The decision completes the bloc’s internal approval process for the trade-only accord. It follows the European Parliament’s consent on July 8 and the signing

U.S. President Donald Trump and Iraqi Prime Minister Ali Faleh al-Zaidi discussed expanded economic and energy cooperation at the White House on Tuesday. The meeting focused on American investment, oil production, natural gas and electricity infrastructure. Trump said the United

Wall Street closed lower on Monday as a sharp technology selloff and surging oil prices pulled major U.S. stock indexes down. The Nasdaq Composite dropped 1.55% to 25,873.18, ending a three-session winning streak. The S&P 500 fell 0.79% to 7,515.34.

Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S. West Texas Intermediate crude rose

Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold

Oil prices climbed more than 4% on Monday, extending an earlier surge that carried Brent crude to $78.68 a barrel. Brent later rose $3.10, or 4.08%, to $79.11 by 3:25 a.m. GMT. U.S. West Texas Intermediate gained $2.95, or 4.11%,

Burjeel Holdings marked the London listing of its inaugural $500 million sukuk with a market opening ceremony. The five-year senior unsecured Islamic bond began trading on July 1 on the London Stock Exchange’s International Securities Market. It matures in 2031