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Business - Economy
6/30/2022 10:27:33 PM
Bahrain’s Finance and National Economy Minister Sheikh Salman bin Khalifa Al-Khalifa said on Thursday that the economic efforts taking place between Egypt and Bahrain aim to boost the volume of trade exchange between Bahrain and Egypt to $1 billion in 2023.

World - Region
6/28/2022 9:27:29 AM
The Israeli parliament unanimously approved early Tuesday a draft bill to dissolve parliament, a key legislative step that pushes the country closer toward its fifth election in less than four years.

Egypt - Society
6/26/2022 5:40:15 PM
The National Programme for Community, Human, and Local Development, Mashrouak (“Your Project”) contributed to establishing 20,000 projects across the country, with loans amounting to about EGP 3.6 billion during the fiscal year 2021/2022, Minister of Local Development Mahmoud Shaarawy stated on Sunday.

World - International
6/25/2022 12:21:54 PM
Rising food costs. Soaring fuel bills. Wages that are not keeping pace. Inflation is plundering people's wallets, sparking a wave of protests and workers' strikes around the world.

World - Region
6/23/2022 8:54:37 PM
Lebanon's lawmakers designated incumbent Prime Minister Najib Mikati to form a new government Thursday, more than a month after parliamentary elections that yielded no clear majority.

Business - Markets & Companies
6/23/2022 5:16:22 PM
The UAE-based Majid Al Futtaim inaugurated on Thursday its Global Solutions Centre, headquartered in Egypt, with investments worth EGP 1 billion. The centre employs 550 individuals.

Sports - Omni sports
6/22/2022 10:06:45 AM
The final price tag for last year's Tokyo Olympics was more than double the city's original 2013 estimate after a one-year coronavirus postponement added to the already hefty bill.

Egypt - Politics
6/21/2022 10:20:01 PM
A report prepared by the Egyptian parliament's Budget Committee showed that the state's new FY 2022/23 budget will increase allocations to the country's 596-member parliament – the House of Representatives — to EGP 1.572 billion, up from EGP 1.471 billion in FY 2021/22.

Business - Tech
6/21/2022 5:50:27 PM
Twitter's board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday.

Business - Economy
6/21/2022 4:10:39 PM
Egypt and Saudi Arabia signed 14 investment agreements worth $7.7 billion on Tuesday, the General Authority for Investment and Free Zones (GAFI) said in a statement.

Egypt - Politics
6/20/2022 6:42:38 PM
​The coronavirus pandemic and the Russian-Ukrainian War cost Egypt EGP 440 billion in losses over the past two years, said Minister of Finance Mohamed Maait on Monday while delivering his conclusive speech at the House of Representatives.

World - Africa
6/20/2022 6:15:54 PM
The number of Africans with access to electricity fell during the Covid pandemic, but $25 billion in annual investments could bring full coverage by 2030, the International Energy Agency said Monday.

Sports - World
6/16/2022 8:55:47 PM
European soccer officials urged UEFA on Thursday to prevent the wealth gap between clubs from widening when it decides how to distribute billions of euros (dollars) in prize money from 2024.

Egypt - Politics
6/16/2022 2:43:15 PM
President Abdel-Fattah El-Sisi said on Thursday that Egypt spent between $400 billion and $500 billion in the past seven years to build adequate infrastructure that is key for development.

Business - Markets & Companies
6/14/2022 5:26:57 PM
Microfinancing benefits 3.5 million individuals in Egypt, providing EGP 29 billion across all commercial, industrial, agricultural and service sectors, Ibrahim El-Araby, the chairman of The Federation of Egyptian Chambers of Commerce said on Tuesday.

War in Ukraine - Economy
6/13/2022 12:03:58 PM
Russia earned 93 billion euros ($98 billion) from fossil fuel exports during the first 100 days of its war in Ukraine, with most sent to the European Union, according to research published Monday.

Business - Markets & Companies
6/12/2022 5:12:14 PM
Egypt’s government targets attracting foreign direct investments (FDIs) worth $10 billion annually to improve the country’s economic development and create more job opportunities, Minister of Finance Mohamed Maait stated on Sunday.

Egypt - Politics
6/6/2022 11:16:20 PM
Prime Minister Mostafa Madbouly said on Monday that Egypt and the World Bank (WB) have a fruitful partnership, where the value of their cooperation portfolio has reached $5.9 billion in various areas, including health, transportation, and the environment.

Business - Tech
6/6/2022 7:36:35 PM
Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot and fake accounts.

Business - Economy
6/6/2022 5:59:00 PM
Egypt’s net international reserves (NIRs) dropped in May to $35.5 billion, down from $37 billion posted in April, the Central Bank of Egypt (CBE) announced on Monday.

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