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Egypt's Suez Canal Economic Zone (SCZone) is emerging as a magnet for foreign financial investment, taking advantage of its strategic place and attractive incentives.This ambitious job aims to transform the location surrounding the renowned waterway into a worldwide hub for logistics, production, and eco-friendly energy.The SCZone covers 461 square kilometers
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Read more: Investment Surge in Egypt's Suez Canal Economic Zone
Write comment (96 Comments)Nigeria prepares for the Days of Rage protests, set from late July to August 2024. The nation is abuzz with anxiety due to serious financial hardships.This discontent has spurred Omoyele Sowore and his #RevolutionNow motion to provide 15 crucial demands to President Bola Tinubu's government.These are not simply demands but a require sweeping reforms in
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Read more: Unrest on the Horizon: Nigeria's Days of Rage Protests Demand Profound Reform
Write comment (100 Comments)Oil prices fell on Thursday, August 1, 2024, due to U.S. economic slowdown indicators and a stronger dollar. Meanwhile, global caution persisted amid various market factors.
On Nymex, WTI crude for September closed down 2.05% at $76.31 per barrel. Consequently, Brent for October on the ICE fell 1.63% to $79.52 per barrel.
Initially, oil prices rose
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Read more: Oil Prices Drop as US Economic Slowdown Concerns Mount
Write comment (98 Comments)Gold rose to a brand-new high up on Thursday, August 1, 2024, reaching an unprecedented peak amidst soaring need for safe-haven assets.The international landscape, filled with geopolitical disputes in the Middle East and persistent issues over financial development, fueled this demand.Additionally, the Federal Reserve's anticipated interest rate cuts in September
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Read more: Gold Hits Record High as Safe-Haven Demand Soars
Write comment (91 Comments)The beginning of August marked notable fluctuations in São Paulo’s stock market, with the Ibovespa index experiencing a modest decline of 0.20%, closing at 127,395.10 points.
This occurred amid mixed monetary policy signals from major economies. The U.S. Federal Reserve hinted at a possible interest rate cut in September, in sharp contrast to
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Read more: Ibovespa Declines as New Entrants Shake Up São Paulo Market
Write comment (95 Comments)Marcopolo, a prominent Brazilian bus body manufacturer, reported remarkable financial results for the second quarter of 2024 (2Q24).
This period marked significant growth across several key metrics. The company’s strategic advancements and operational efficiency underpinned these results.
In 2Q24, Marcopolo achieved a net profit of R$ 250.9 million
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Read more: Marcopolo’s Stellar Second Quarter: A Journey of Growth and Resilience
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