global economy Archives

Gold prices rise as risk sentiment weakens globally

cairo24x7.comDecember 19, 2025December 19, 2025

December 19, 2025December 19, 2025

LONDON, December 19, 2025: Gold prices rose on Thursday as investors shifted toward safe-haven assets amid weaker risk sentiment following mixed U.S. labor market data, geopolitical tensions, and firm...

Business

UAE strengthens position among fastest-growing economies

cairo24x7.comDecember 18, 2025December 18, 2025

December 18, 2025December 18, 2025

ABU DHABI, December 18, 2025: The United Arab Emirates strengthened its position in 2025 as one of the world’s fastest-growing economies, driven by broad-based expansion in...

Business

OPEC lowers 2024 global oil demand growth forecast by 106,000 b/d

cairo24x7.comOctober 15, 2024October 15, 2024

October 15, 2024October 15, 2024

OPEC has revised its 2024 global oil demand growth forecast down by 106,000 barrels per day, citing weaker-than-expected demand in non-OECD regions, impacting overall oil...

News

Egypt and India’s strategic symbiosis marking a new era in diplomacy

cairo24x7.comJune 26, 2023June 26, 2023

June 26, 2023June 26, 2023

Egyptian President Abdel Fattah El-Sisi welcomed India’s Prime Minister, Narendra Modi, in a historic meeting at the Ittihadia Palace in Egypt today. This event marked PM...

Business

PM Modi’s progressive policies bolster India-US tech collaboration

cairo24x7.comMay 16, 2023May 16, 2023

May 16, 2023May 16, 2023

In a move that underlines the strengthening of India-US relations, New Delhi and Washington are set to host the inaugural meeting of the Strategic Trade...

Business

US default threatens global crisis as $31.46 trillion debt deadline looms

cairo24x7.comMay 12, 2023May 12, 2023

May 12, 2023May 12, 2023

The United States is facing a potential global economic crisis as it approaches a catastrophic default on its $31.46 trillion debt, according to US Treasury...

Business

ADCB sees 27 percent increase in Q1 23 net profit reaching AED 1.87 billion

cairo24x7.comApril 17, 2023April 17, 2023

April 17, 2023April 17, 2023

Abu Dhabi Commercial Bank (ADCB) has reported a remarkable 27% surge in its net profit for Q1 2023, reaching AED1.878 billion. The bank’s net interest...