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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.

Business - Economy
12/26/2021 7:32:00 PM
Russian Ambassador to Egypt Georgy Borisenko said on Sunday the volume of trade exchange between Egypt and Russia hit $3.3 billion from January to September 2021.

Business - Markets & Companies
12/26/2021 3:26:39 PM
Trade exchange between Egypt and South Korea increased by 46.9 percent in the first ten months of 2021 to record $1.8 billion, up from $1.2 billion in the corresponding period of 2020, which mainly included oil products, cement, granite, aluminum, ready-made garments, machines and equipment, in addition to autos and medical devices, Egypt's Minister of Trade and Industry Niven Gamea stated on Sunday.

Business - Markets & Companies
12/26/2021 2:37:48 PM
Egypt’s Financial Regulatory Authority (FRA) is set to greenlight 11 securitised bonds, out of 26, before end of 2021 with a total value of EGP 11.5 billion, whose portfolios mainly centred on mortgage, consuming and leasing financing, Chairman of FRA Mohamed Omran stated on Sunday.

World - International
12/25/2021 10:18:46 AM
Pope Francis called for more solidarity with those living in poverty as he celebrated mass in Rome in front of a masked congregation of around 2,000 people, while billions around the world again marked Christmas under the shadow of the coronavirus.

Business - Energy
12/24/2021 6:38:02 PM
The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with the Italian giant energy group Eni for oil exploration and exploitation in the Gulf of Suez and Nile Delta regions worth $1 billion, Egypt's Ministry of Petroleum and Mineral Resources announced on Friday.

World - International
12/24/2021 3:02:39 PM
Omicron's rise has heralded another pandemic-tinged Christmas for billions, with Santa's arrival and longed-for family reunions overshadowed by the prospect of yet more Covid restrictions.

World - International
12/24/2021 12:30:46 AM
Next week's New Year's Eve celebration in Times Square will still go on, just not with as many revelers as usual because of COVID-19, Mayor Bill de Blasio announced Thursday.

Egypt - Urban & Transport
12/22/2021 6:42:26 PM
Egyptian President Abdel-Fattah El-Sisi stressed on Wednesday the importance of the private sector's role in development projects, saying that some 4,475 private companies have participated in national development projects nationwide with investments ranging from EGP 1 billion to EGP 75 billion.

World - International
12/21/2021 11:33:01 PM
US President Joe Biden said Tuesday that he remains hopeful he can secure Senate passage of a massive social spending bill.

Business - Economy
12/21/2021 5:33:18 PM
The Suez Canal Economic Zone (SCZone) signed on Tuesday with Abu Qir Fertilisers and Chemicals Industries Company a contract establishing the biggest complex for methanol and ammonia production in the Ain Sokhna Industrial Zone at an investment cost of $2.6 billion.

Business - Economy
12/21/2021 4:57:09 PM
Egyptian expats’ remittances inched up during the first quarter (1Q) of the current FY2021/2022 — July to September 2021 — by 1.5 percent, on an annual basis, to post $8.1 billion, up from about the $8 billion recorded in the same quarter of FY2020/2021, the Central Bank of Egypt announced on Tuesday.

World - Region
12/21/2021 1:56:56 PM
Lebanon's mandatory reserves are down to $12.5 billion, Central Bank Governor Riad Salameh said Tuesday, adding that this was only enough to finance subsidies on basic goods for another six months.

Business - Economy
12/20/2021 3:14:27 PM
Egypt’s latest treasury bills’ (T-bills) auction managed to bring in more than EGP 45 billion through 438 bids, according to the Central Bank of Egypt (CBE).

World - International
12/20/2021 3:02:37 PM
A Japanese billionaire, his producer and a Russian cosmonaut safely returned to Earth on Monday after spending 12 days on the International Space Station.

World - International
12/19/2021 6:22:55 PM
US Senator Joe Manchin dealt what seemed to be a fatal blow Sunday to President Joe Biden's massive social spending bill, saying he could not support the legislation's passage through the divided chamber.

Business - Markets & Companies
12/19/2021 4:17:59 PM
The Saudi United Electronics Company (EXtra) announced on Sunday that it will establish a fully owned subsidiary in Egypt with an initial direct investment of up to EGP 1 billion.

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