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Egypt increases fuel prices following depreciation of local currency
26
Mar

Egypt increases fuel prices following depreciation of local currency

  • Loveworld / 3 months
  • 0
  • 2 min read

The Cabinet’s Facebook page announced the new prices, which took effect on Friday morning. Diesel, crucial for transportation, increased from 8.5 Egyptian pounds ($0.18) to 10 pounds ($0.21) per liter. Egypt, a net energy importer, raised the price of 95 octane gasoline to 13.5 Egyptian pounds ($0.29) per liter from 12.5 pounds ($0.27). The government […]

Stock market today
05
Mar

Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024

  • Loveworld / 4 months
  • 0
  • 1 min read

Shares were mixed Tuesday in Asia after China’s premier said the country’s target for economic growth this year is around 5%, in line with expectations. During the the China’s National People’s Congress also said Beijing would issue 1 trillion yuan ($139 billion) in long-term bonds to help bridge funding gaps, provide support to financially strapped […]