Browsing: Business

The European Investment Bank Group has authorized €17.4 billion in new financing aimed at sectors such as energy, transport, healthcare, education, and business development, including €3.7 billion dedicated to projects reducing Europe’s reliance on fossil fuels. This package, approved by

As June concluded the first half of 2026, Egypt’s reserves surpassed all previous monthly levels reported by the Central Bank of Egypt. The total of $55.0723 billion exceeded May’s figures by nearly $2 billion and was over $3.6 billion higher

– Volkswagen is evaluating potential workforce reductions that could total as many as 100,000 jobs across its global operations. CEO Oliver Blume informed employees that current estimates indicate approximately 50,000 additional layoffs worldwide. These potential roles would be in addition

– The Council of the European Union provided its final endorsement Tuesday for the EU-Mexico Interim Trade Agreement. This decision marks the completion of the bloc’s internal approval process for the trade-focused deal. It follows the European Parliament’s approval on

– U.S. President Donald Trump and Iraqi Prime Minister Ali Faleh al-Zaidi convened at the White House on Tuesday to discuss expanding economic and energy partnerships. The talks concentrated on American investments, oil extraction, natural gas, and power infrastructure development.

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