In a bold move to adjust its monetary stance, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has announced a substantial cut to key interest rates by 2.25 percent for the first time in four years.
Egypt-based Dr. Greiche Group will invest EGP 500 million (around $10 million) in a new automotive glass production complex, the company said on Monday.
Global renewable energy giant Siemens Gamesa secured a deal on Wednesday to build a 500-megawatt wind farm in Egypt’s Gulf of Suez, the company’s latest renewable project in the country.
A US judge on Thursday ruled that Google illegally wielded monopoly power in the online ad technology market, in a legal blow that could rattle the tech giant's revenue engine.