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World - International
1/13/2022 6:55:14 PM
Europe's natural gas crisis isn't letting up. Reserves are low. Prices are high. Utility customers are facing expensive bills. Major Russian supplier Gazprom isn't selling gas like it used to.

Business - Economy
1/13/2022 3:45:39 PM
The European Bank of Reconstruction and Development's (EBRD) green financing hit a record €5.4 billion, accounting for 51 percent of the bank’s total business volume of €10.4 billion in 2021 directed to its country members, the bank announced on Thursday.

World - Region
1/12/2022 8:57:15 PM
The United Nations will need around $3.9 billion this year to help millions of people in war-torn Yemen, a top UN humanitarian official said Wednesday.

Business - Economy
1/12/2022 5:45:28 PM
The International Monetary Fund (IMF) estimated the financing gap of the Access to COVID-19 Tools (ACT) at $23 billion, urging the international community to close the gap for the sake of boosting recovery from the pandemic, especially in Africa.

World - International
1/12/2022 2:42:38 PM
Sweden announced Wednesday it had earmarked some 6 billion kronor ($661 million) for a temporary scheme to help the most affected households across the Scandinavian country to cope with high electricity bills this winter.

Egypt - Society
1/12/2022 1:30:12 PM
Egyptian President Abdel Fattah El-Sisi told a World Youth Forum panel on Tuesday that poverty steers states to “mazes” that could lead to terrorism and extremism, adding that the state spent around $400 billion “to get out of the poverty maze.”

Business - Economy
1/11/2022 2:45:49 PM
The total Islamic bonds (sukuk) issued in 2021 worldwide grew significantly by 36.1 percent Y-o-Y to reach $252.3 billion, with central banks, governments, and multilateral institutions dominating sukuk issuances, Fitch Ratings said on Tuesday.

Business - Economy
1/6/2022 12:13:39 PM
Egypt’s external debt declined slightly in September — the end of the first quarter (1Q) of the current FY2021/2022 — to record $137.4 billion, down from the $137.8 billion posted by the end of June — the end of FY2020/2021— according to recent data published by the Central bank of Egypt (CBE).

Business - Economy
1/5/2022 4:31:07 PM
Egypt’s net international reserves (NIRs) rose slightly in December to reach $40.93 billion, up from the $40.90 billion recorded in November, the Central Bank of Egypt (CBE) announced on Wednesday.

Business - Markets & Companies
1/4/2022 10:51:15 PM
Trading values of listed and unlisted stocks in the Egyptian Stock Exchange (EGX) hit over EGP 1 trillion in 2021, recording an increase from values of EGP 670 billion in 2020, Board Chairman of EGX Mohamed Farid said on Tuesday.

Business - Economy
1/2/2022 11:00:28 PM
Egyptian non-petroleum exports have netted record high revenues in 2021, earning $31 billion, Prime Minister Mostafa Madouly said on Sunday.

Egypt - Urban & Transport
1/2/2022 2:56:45 PM
Egypt’s Suez Canal recorded a historic $6.3 billion in annual revenues in 2021, Suez Canal Authority (SCA) Chairman Osama Rabie announced on Sunday.

World - International
12/31/2021 2:51:47 PM
New York City will ring in 2022 in Times Square as planned despite record numbers of COVID-19 infections in the city and around the nation, Mayor Bill de Blasio said Thursday.

World - Africa
12/30/2021 10:12:19 PM
Ethiopian lawmakers have approved a bill to establish a commission for national dialogue, amid international pressure for negotiations to end the 13-month conflict in the Tigray region.

Egypt - Politics
12/29/2021 6:00:13 PM
Egypt's Ministry of Irrigation and Water Resources invested EGP 16 billion in 2021 in water projects across the country, which is deemed one of the most water-scarce countries in the world, to rationalise water use and create water additional resources.

Al-Ahram Weekly - Economy
12/29/2021 1:43:00 PM
Egypt’s economy has done well during another year of Covid-19, but with rising global inflation and the new Omicron variant of the virus, the challenges are not yet over.

Egypt - Urban & Transport
12/28/2021 5:25:17 PM
Egypt announced on Tuesday the retirement of the latest old railway carriages running on its 10,000-kilometre railway tracks, marking an end to a major part of an EGP 225 billion national comprehensive overhaul scheme for the world's second-oldest rail line.

World - International
12/28/2021 10:43:34 AM
President Joe Biden signed the National Defense Authorization Act into law, authorizing $768.2 billion in military spending, including a 2.7% pay raise for service members, for 2022.

Business - Energy
12/27/2021 5:18:43 PM
Petroleum Minister Tarek El Molla and Chief Executive Officer (CEO) of the Egyptian General Petroleum Corporation (EGPC) Abed Ezz El Regal and Vice President of US Apache Corporation David Chi signed an agreement whereby the US company will invest dlrs 3.5 billion on exploration, development and production of gas and oil from concession areas in Egypt's Western Desert.

Arts & Culture - Screens
12/26/2021 8:46:00 PM
Peter Parker's good fortune continued over the holiday weekend. Even with some mighty competition from new Matrix and Sing movies, and rising concerns over the omicron variant, 'Spider-Man: No Way Home' stayed in the No. 1 spot and netted a few more milestones too including crossing the $1 billion mark globally.

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