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Egypt may issue first sovereign sukuk worth over $2bn
Egypt might issue the first sovereign sukuk in its history at the beginning of the new fiscal year, with a value of up to $2 billion, said Finance Minister Mohamed Maait.
He said this would first require the launch of a sukuk company and…
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Sudan ends subsidies for gasoline and diesel, raises prices
Sudan fully liberalized gasoline and diesel prices on Tuesday, according to a statement from the finance ministry that said previous prices would be canceled and gave new prices that it said were in line with import costs.
Sudan has been…
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A jump in the volume of trade exchange between Russia and China
China's General Customs Administration reported that trade between Russia and China in the first five months of this year increased year on year by 23.6%, reaching 50.65 billion dollars.
The data showed that exports to Russia in the…
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The Central Bank of Israel boosts its foreign exchange reserves to a record level
The Central Bank of Israel announced its purchase of $2.99 billion in foreign currency last May, helping raise its foreign exchange reserves to a record high of $198.35 billion.
"Reserves, which represent 48.3% of Israel's GDP, grew by…
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G-7 nations sign key pact to make tech giants pay fair taxes
The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax rate of at least 15 percent in order to deter multinational companies from avoiding taxes by stashing profits in low-rate countries.
G-7…
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Biden’s electric vehicle plan includes battery recycling push
President Joe Biden’s strategy to make the US a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials.
As Biden makes fighting climate…
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Britain inks key trade agreement with Norway, Iceland
Britain has clinched post-Brexit trade agreements with Norway, Iceland and Liechtenstein as it seeks to forge new global trading relationships after leaving the EU.
The three nations, which are part of the European Economic Area allowing…
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4 times more expensive than normal: London Heathrow Airport uses sustainable jet fuel for the first…
Britain's Heathrow Airport has decided to use sustainable fuel for aircraft for the first time as part of a test ahead of the G7 summit next week.
This fuel is produced by the Finnish company "Neste" and supplied by the "Vitol" oil…
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Russian Finance Minister: We will replace the dollar in the reserves of the National Welfare Fund
At the Petersburg International Economic Forum, Russian Finance Minister Anton Siluanov announced a change in the strategy of the National Welfare Fund, specifically with regard to the dollar.
During his participation in one of the…
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China, US aim for common ground in trade talks
Normal discussions between China and the US on the trade and economic fronts have resumed and both sides will start to pragmatically solve some concrete issues for producers and consumers, China’s commerce ministry said on Thursday.
The…
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