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Business - Economy
3/14/2022 6:40:59 PM
The Central Bank of Egypt (CBE) said on Monday that remittances from Egyptians working abroad recorded about $31.5 billion in 2021, with an increase of nearly $1.9 billion and at a rate of 6.4 percent, compared to $29.6 billion in 2020.

War in Ukraine - Economy
3/13/2022 1:05:32 PM
The French government has announced a package worth 2.0 billion euros ($2.2 billion) to help consumers struggling with soaring fuel prices, with the cost of filling up set to be cut at the pump.

Egypt - Defence
3/11/2022 6:17:52 PM
The US Senate backed on Thursday with an overwhelming majority in an 81-18 vote a massive arms sale, including military cargo planes, to Egypt worth $2.2 billion, according to US news website Politico.

Egypt - Foreign Affairs
3/10/2022 4:23:52 PM
The Egyptian food industry exports to both Russia and Ukraine combined in 2021 amounted to $67 million, representing 1.68 percent of the total Egyptian food exports that reached $4.1 billion in same year, according to the Food Export Council.

Business - Markets & Companies
3/7/2022 11:28:33 AM
Abu Dhabi-based Gulf Capital, a private equity investment company with a total capital worth $1.5 billion, plans to invest $250 million in the Egyptian market out of a $750 million-portfolio that it intends to launch in 2022, according to Co-Founder and CEO Karim El-Solh.

Egypt - Society
3/6/2022 5:29:32 PM
The spike of wheat prices in international markets is expected to increase the cost of the country's imports of such strategic commodity by around EGP 12 to 15 billion surcharge, Egypt's Minister of Finance Mohamed Maait told Bloomberg Asharq on Sunday.

World - International
3/5/2022 12:06:35 PM
China on Saturday announced a 7.1% increase in defense spending in 2022 to $229 billion, continuing years of robust spending on its increasingly powerful military that is challenging the U.S. armed forces' dominance in the Indo-Pacific region.

Sports - World
3/3/2022 6:48:22 PM
Chelsea's Supporters' Trust thanked Roman Abramovich for the "unparalleled success" under his ownership on Thursday after the Russian billionaire put the club up for sale following Vladimir Putin's invasion of Ukraine.

Business - Markets & Companies
3/3/2022 1:12:42 PM
Egypt’s government has disbursed over EGP 33 billion (around $2 billion) to 2,500 export companies since October 2019, Minister of Finance Mohamed Maait announced on Thursday.

Sports - World
3/3/2022 10:45:32 AM
Thomas Tuchel admitted he cannot imagine life without Roman Abramovich after the Russian billionaire's stunning decision to put Chelsea up for sale.

World - International
3/1/2022 4:11:44 PM
Wealthy countries should provide at least $60 billion every year to the world's poorest nations to combat biodiversity loss, an alliance of environment groups said Tuesday.

Sports - World
2/27/2022 5:27:44 PM
Roman Abramovich rose from a penniless background in Russia's frozen north to become a multi-billionaire and a celebrity football tycoon, but his empire is teetering over his alleged Kremlin links.

World - International
2/27/2022 2:32:10 PM
German Chancellor Olaf Scholz said Sunday that Germany is committing 100 billion euros to a special fund for its armed forces, raising its defense spending above 2 percent of GDP.

Business - Markets & Companies
2/27/2022 1:53:55 PM
Egypt ranked second most attractive country for merger and acquisitions (M&A) deals in 2021, after the US, growing by 486 percent to post $9.9 billion over 233 deals, according to an info graph the cabinet’s Information and Decision Support Centre (IDSC) published on Sunday.

Business - Economy
2/27/2022 12:31:50 PM
The European Union (EU) provided roughly €10 billion to support non-government organisations (NGOs) in its partner countries over the past seven years (2014-2021), including Egypt, EU High Representative and Vice-President Josep Borrell said in a statement on Sunday in celebration of World NGO day.

Sports - World
2/26/2022 9:22:33 PM
Chelsea owner Roman Abramovich handed over the "stewardship and care" of the Premier League club to its charitable foundation trustees on Saturday in an apparent move to fend off calls for him to completely give up control following Russia's invasion of Ukraine.

Business - Economy
2/24/2022 5:04:00 PM
Egypt’s banks extended finances worth EGP 253 billion to about 8,800 beneficiaries in the industrial, agricultural and construction sectors by the end of December 2021, according to the Central Bank of Egypt’s (CBE) data published by MENA.

Al-Ahram Weekly - Egypt
2/24/2022 3:05:00 PM
Egypt’s wheat import bill will likely be inflated on the back of the tensions between Russia and Ukraine.

Business - Economy
2/24/2022 2:58:00 PM
Egyptian expats' remittances rose by 6.6 percent ($1.8 billion) from January to November 2021 to post $28.9 billion, compared to the corresponding period in 2020, Central Bank of Egypt (CBE) announced on Thursday.

World - International
2/22/2022 10:50:47 PM
The three Russian oligarchs targeted by fresh British sanctions over Ukraine are billionaires who got rich under Russian President Vladimir Putin, for whom they are key financial conduits as well as personal sporting partners.

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