Browsing: Business

DAE posted a US$85.8M Q1 profit, up 26.5% YoY, boosted by aircraft gains, revenue of US$395.9M, and a major acquisition of Nordic Aviation Capital.

The Central Bank of Egypt has reduced key interest rates by 225 basis points in April 2025, adjusting deposit, lending, and discount rates to support monetary policy.

IATA projects 5.5% growth in global air cargo for 2025, outpacing GDP and driven by demand, despite fleet delays and geopolitical uncertainty.

The global market for key energy technologies is projected to reach $2.1 trillion by 2035, led by electric vehicles and renewables.

Gold holds above $3,000 as markets seek clarity on Trump’s tariffs amid inflation concerns and a weaker U.S. dollar.

European Parliament committee approves macro-financial assistance for Egypt and Jordan totalling €4.5 billion.

The World Bank Group’s Global Digital Summit highlights efforts to enhance digital public infrastructure and close the digital gap worldwide.

European Commission proposes to extend gas storage obligations until 2027, ensuring energy security and market stability.

Oil prices slipped as Brent crude dropped 3%, pressured by a sharp rise in US crude stockpiles and the OPEC+ decision to increase production.

Bank of Korea confirms South Korea’s economy grew 2 percent in 2024, showing resilience amid global challenges and steady GDP recovery.