According to figures revealed by the Central Bank, Egypt's tourism revenue in the fiscal year 2021–2022 (counting from July 1) more than doubled from the previous year. The Bank’s message states that "profits from tourism... reached $10.7 billion, up from $4.9 billion in fiscal year 2020-2021." The Central Bank reports that due to an exceptional rise in commodities imports (by 53%), improved...

The EU has dispatched 5 million doses of iodine to Ukraine for a possible event of a nuclear disaster at nuclear power facilities, according to European Crisis Management Commissioner Janez Lenarčič. The commissioner told Redaktionsnetzwerk Deutschland, "We have learnt during the coronavirus epidemic that we cannot wait to react until the crisis starts, therefore now we are trying to forecast...

American businessman Elon Musk submitted his plan for resolving the conflict in Ukraine, which included keeping Crimea as a part of Russia and holding multiple referendums in the Donbass, Kherson, and Zaporozhye areas under UN supervision. "This is definitely going to be what happens in the end. Just how many people will pass away before then remains to be seen," he tweeted. Musk asked users to...

The head of the U.S. Department of Defense, Lloyd Austin, offered his opinion on Ukraine's request for rapid NATO membership. He stated that the choice is up to the alliance's 30 members. At a joint press conference in Hawaii with his Australian counterpart Richard Marles, Mr. Austin stated, "We are committed to maintaining NATO's 'open door' policy, but how that happens is really an issue that...

According to Reuters, the People's Bank of China reiterated a previous claim that the yuan has a strong basis to maintain stability, and stated that stabilizing the currency market is its top goal. The central bank's remarks came after the yuan dropped to its lowest level since the 2008 global financial crisis. While claiming that the currency market was largely operating in an orderly manner,...

By the end of 2022, the Bank of England will reveal images of sterling banknotes bearing the image of Britain's next King Charles III. The bank stated that the notes are anticipated to enter circulation in 2024. Earlier in September the Guardian newspaper reported that it might take at least two years to replace banknotes that feature the late British Queen Elizabeth II. "By the end of this...

Ngozi Okonjo-Iweala, the director general of the World Trade Organization (WTO), stated at the WTO public forum that the world economy is entering a worldwide recession. "A recession is approaching... We're heading into a global recession, in my opinion," Director General of the organization warned. "We must begin to consider rehabilitation and the restoration of growth. This is crucial,...

IAEA director Rafael Grossi reported meeting with Iran's atomic energy organization chief Mohammad Eslami and announced resumption of talks on guarantees for a number of Iranian sites. IAEA chief Grossi stated previously during the June Board of Governors session that Iran had not yet provided the organization with an explanation about the provenance of uranium at three unreported facilities and...

The state border between Venezuela and Colombia is opened again three years after diplomatic contacts were broken, with Colombian President Gustavo Petro attending the ceremony. "Done! May the news of the border opening bring wealth to Colombia, Venezuela, and the entire America," the politician commented. In his remarks, Petro stated his certainty that the opening of the border will foster...