Fed Chair Jerome Powell stressed that the central bank remains "strongly committed" to maintaining its independence from politics, however, when...
- The Fed's likely move would follow a monthslong push from President Donald Trump to slash rates, and comes amid growing...
The bank’s revenues rose 22 percent to US$39.9 billion.One of the biggest factors in bank’s rise in profit was the increased earnings in net interest income (NII).
NII is the gap between what the bank makes in interest in loans to clients compared with interest payments to customers
PARIS, FRANCE - Natural and man-made disasters have caused $3.8 trillion in crop and livestock loses over 30 years, the UN's...Floods, droughts, insect infestations, storms, disease and war caused about $123 billion per year in lost food production between 1991 and 2021.
This loss is the equivalent of five percent of total production or enough to feed up to half a billion people per year, the FAO said in a report.
- Cairo, Egypt - The Egyptian market is projected to reach an impressive $16.34 billion in non-cash transactions in 2023, while...
The report suggests that the global growth will continue to accelerate, potentially reaching 2.3 trillion transactions by 2027, with an annual growth rate of 15%
In Egypt, digital payments are also on the rise, with a predicted annual growth rate of 14.03% from 2023 to 2027
"Convenient and affordable charging primarily benefits private homeowners who can easily install EV charging equipment on their property and use...In the U.S., predominantly white neighborhoods are 1.4 times more likely than majority non-white neighborhoods to have a public charger
The challenge ahead is clear: more chargers are needed, and they must be accessible to all, writes Tiya Gordon, Co-Founder & CEO of ItsElectric
- Nearly 60 percent of households in Gaza were considered food insecure before the start of the new hostilities. As of...
The funds would be used to help more than 1.2 million people, the UN Office for the Coordination of Humanitarian Affairs (OCHA) said
UN has previously estimated it would need $502 to fund operations to aid 2.1 million Palestinians in 2023, a goal that is less than 50-percent financed
- Marrakesh, Morocco-- The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with...
IMF Managing Director Kristalina Georgieva said the International Monetary Fund was "very closely monitoring how the situation evolves" and how it is affecting oil markets
She said it was "too early" to assess the impact of the conflict, but "this is a new cloud on not the sunniest horizon for the world economy -- new cloud, darkening this horizon
The Paris-based agency, in addition to its analysis and advisory roles, coordinates the release of emergency stocks held by its...Oil prices jumped at the start of the conflict but have since eased as there was no immediate disruption to supply flows and other nations have not intervened.
Yet prices remain relatively high thanks to supply cuts by Saudi Arabia and Russia, with the IEA also warning it was beginning to see signs of demand destruction.
DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...Total sales contracts for residential units in the Real Estate Bulletin for the same period is US$19.7 million.
A weekly bulletin shows that the list of real estate properties traded for sale included vacant lands, houses, hotel.
Marrakesh, Morocco – Africa’s total exports will reach $952 billion by 2035 and the African Continental Free Trade Area (AfCFTA),...Rising regional trade levels and greater connectivity will unlock high‑growth corridors across Africa and beyond, the Stanchart report says
The East Africa-South Asia corridor is expected to emerge as the fastest-growing major corridor, at 7.1 per cent per annum through to 2035, the report adds
- Activists from developing nations belonging to a group called People's Alternative Global Tribunal organized themselves in the Moroccan city as...
They blamed both the institutions for pursuing an economic model that favours political and financial elites
The International Monetary Fund and World Bank are holding their first annual meeting in Africa in half a century
