Egyptian currency [Flickr/Emi Moriya] Egypt’s net foreign direct investments (FDI) are expected to rise to $7 billion during the next financial year, the Minister of Planning, Hala El-Said, announced yesterday. The Egyptian financial year begins in July and lasts until the end of June of the following year. “FDI is expected to reach $6.8 billion

A man wearing a facial mask, following the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei (top in C) and other countries stock index outside a brokerage at a business district in Tokyo, Japan, January 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo By Saikat Chatterjee World equities were firmly on track to

Photo/Somali Times The President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, who received credentials from the new Ambassador of the Government of India, Virander Kumar Paul, highlighted the government’s fruitful efforts to strengthen ties and cooperation with international partners in the country. Ambassador Kumar conveyed to President Mohamed Abdullahi Farmajo a message of

President Joe Biden delivers remarks on the economy at the Cuyahoga Community College Metropolitan Campus, Thursday, May 27, 2021, in Cleveland. (AP Photo/Evan Vucci) By Dan Burns, Ann Saphir President Joe Biden’s first budget proposal comes with a big price tag – at $6 trillion, roughly 50% higher than pre-COVID-19 federal spending – but, at

Photo: Credit Daily Nation Central Bank of Kenya. Kenya in the next two weeks will receive a loan of 750 million U.S. dollars from World Bank that were approved in 2019, the country’s central bank governor Patrick Njoroge said on Thursday. In May 2019, the World Bank approved the 750 million U.S. dollars credit from

President Joe Biden delivers remarks on the economy at the Cuyahoga Community College Metropolitan Campus, Thursday, May 27, 2021, in Cleveland. (AP Photo/Evan Vucci) By ANDREW TAYLOR WASHINGTON (AP) — President Joe Biden’s $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit despite a raft of new tax increases

British Pound Sterling banknotes are seen in a box at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017.REUTERS/Leonhard Foeger By David Milliken, Andy Bruce Britain’s massive public borrowing began to head downwards last month for the first time since the start of the COVID-19 pandemic, bolstered by a brightening economic outlook

The ‘Bayraktar TB2’ (Armed Unmanned Aerial Vehicle) is seen in Istanbul, Turkey on February 22, 2021. ( BAYKAR – Anadolu Agency ) Turkey, Poland ‘walking firmly’ towards $10B bilateral trade volume target, says President Recep Tayyip Erdogan Turkey is set to export unmanned aerial vehicles (UAVs) to Poland, in what will be “the first time

Photo/Somali Times The Minister of Foreign Affairs and International Cooperation of the Federal Government of Somalia, Mohamed Abdirizak Mohamud Abubakar, on Monday paid tribute to the outgoing Qin Jian, Ambassador of the People’s Republic of China to the Federal Republic of Somalia in Mogadishu. The Minister thanked the outgoing Chinese Ambassador for his outstanding work

National Treasury building. The International Monetary Fund (IMF) will disburse Sh44 billion ($410 million) to Kenya in the coming weeks to boost the public purse amid the Covid-19 pandemic. The fund is part of the $2.4 billion (Sh256.3 billion) three-year financing programme that was agreed to in February. The multilateral lender said on Tuesday that