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Business - Tech
5/5/2022 4:38:37 PM
Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.

World - Region
5/1/2022 5:39:00 PM
Pakistan and Saudi Arabia on Sunday said they would discuss extending the terms of a $3 billion loan to help Islamabad's faltering economy.

Business - Tech
5/1/2022 5:36:41 PM
Tesla CEO Elon Musk has laid out some bold, if still vague, plans for transforming Twitter into a place of ``maximum fun'' once he buys the social media platform for $44 billion and takes it private.

Sports - World
4/29/2022 8:25:19 PM
A late bid to buy Chelsea was launched by British billionaire Jim Ratcliffe on Friday even as the sale process was reaching its end-game with the selection of a preferred bidder for the English Premier League club.

War in Ukraine - Military
4/28/2022 6:45:12 PM
President Joe Biden asked Congress on Thursday for an additional $33 billion to help Ukraine fend off Russia's invasion, a signal that the US is prepared to mount a robust, long-term campaign to bolster Kyiv and weaken Moscow as the bloody war enters its third month with no sign of abating.

Business - Markets & Companies
4/28/2022 5:54:42 PM
State-owned Bank Misr has carried out an ownership transfer transaction for fellow state-owned Banque du Caire in a deal valued at EGP 6.9 billion, the Egyptian Stock Exchange (EGX) announced on Thursday.

Business - Economy
4/28/2022 4:40:00 PM
The Central Bank of Egypt (CBE) offered on Thursday one-year maturity US dollar-dominated treasury bills (T-bills) worth $1 billion.

Business - Markets & Companies
4/28/2022 3:56:57 PM
Egypt’s non-oil exports grew by $1.5 billion - 20 percent - in the first quarter (1Q) of 2022 (January-March) to reach $9.1 billion, up from $7.6 billion in 1Q 2021 despite the global economic challenges., according to Minister of Trade and Industry Nevine Gamea.

Business - Markets & Companies
4/27/2022 5:15:34 PM
Egypt-based Shatablee — a digital interior design and finishing operations start-up — plans to attain a business volume in the Egyptian real estate market of over EGP one billion during the upcoming FY2022/23, according to the company’s CEO Mostafa Amer.

Arts & Culture - Music
4/26/2022 5:33:16 PM
British pop superstar Ed Sheeran will headline the finale of four days of public celebrations to mark Queen Elizabeth II's record-breaking 70-year reign, organisers said on Tuesday.

Sports - World
4/26/2022 1:56:43 PM
Barcelona defender Ronald Araujo has agreed a new contract until 2026 with a buy-out clause set at 1 billion euros, the club announced on Tuesday.

World - International
4/26/2022 10:15:13 AM
Twitter's acceptance of Elon Musk's roughly $44 billion takeover bid brings the billionaire Tesla CEO one step closer to owning the social media platform.

Business - Tech
4/25/2022 9:41:00 PM
Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he _ the world's richest person _ promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers.

Business - Tech
4/25/2022 8:51:56 PM
Twitter shares rose Monday following reports the company is poised to accept Elon Musk's takeover offer, a dramatic shift after the board organized a "poison pill" to ward off the billionaire entrepreneur's hostile buyout bid.

Business - Economy
4/24/2022 5:35:03 PM
Egypt's House of Representatives – the lower chamber of parliament – voted in a plenary session on 17 April to send the draft 2022/23 budget to the Financial Affairs Committee to discuss it in hearing sessions.

War in Ukraine - Economy
4/21/2022 11:50:55 PM
Ukraine needs $7 billion in month to keep its economy afloat amid the "economic losses" inflicted by Russia, President Volodymyr Zelensky said Thursday, as the United States announced another infusion of financial aid for the country.

War in Ukraine - Diplomacy
4/21/2022 11:11:35 PM
President Joe Biden pledged an additional $1.3 billion Thursday for new weapons and economic assistance to help Ukraine in its strong but increasingly difficult battle against the Russian invasion, and he promised to seek much more from Congress to keep the guns, ammunition and cash flowing.

World - International
4/21/2022 7:46:41 PM
Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, putting pressure on the social media platform's board to negotiate a sale deal.

Business - Markets & Companies
4/21/2022 5:15:25 PM
The revenues for Egypt-based e-payment platform Fawry climbed by 34.3 percent in 2021 to reach EGP 1.6 billion, with a growth in profit valued at EGP 932 million, an increase of 39.6 percent, according to the company’s financial statement released on Thursday.

World - Region
4/21/2022 2:24:01 PM
Turkey's main opposition leader said Thursday that his power supply had been cut at home after he stopped paying electricity bills in protest at sharp utility bill hikes.

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