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Egypt - Tourism
7/29/2022 2:24:38 PM
In its weekly meeting at New Alamein city on Thursday, the cabinet approved a draft law to regulate foreign yacht tourism in Egyptian ports and marinas.

Egypt - Society
7/28/2022 1:06:52 PM
Egypt’s National Alliance for Civil Development Work (NACDW) has allocated around EGP 2.4 billion to support 400,000 impoverished families on a monthly basis over one year amid the current global economic crisis, a statement by the alliance read on Wednesday.

Business - Tech
7/27/2022 7:59:20 PM
A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration.

World - Region
7/26/2022 11:46:14 PM
Lebanon's parliament on Tuesday passed long-awaited amendments to the banking secrecy law to unlock a potential $3 billion financial assistance package from the International Monetary Fund (IMF), Al-Jadeed local TV channel reported.

Egypt - Politics
7/26/2022 11:34:38 PM
The Egyptian government has allocated EGP 11 billion as exceptional aid over the next six months to support around nine million families during the current global economic crises.

Business - Tech
7/26/2022 10:57:02 PM
Attorneys for billionaire Elon Musk are complaining that Twitter is slow-walking document production in advance of an October trial to decide whether the Tesla CEO should be forced to complete a $44 billion acquisition of the social media company.

Business - Tech
7/26/2022 5:53:08 PM
Egypt’s digital services exports hit $4.9 billion in FY2021/22, Minister of Communications and Information Technology Amr Talaat announced during an event in Cairo on Tuesday.

Business - Economy
7/25/2022 4:39:03 PM
The first official meeting of the Higher Committee for Industrial Partnership, comprising Egypt, the UAE, and Jordan, was held in Cairo on Monday. The committee agreed to conduct feasibility studies on 12 projects to the tune of $3.4 billion.

Business - Economy
7/24/2022 5:10:26 PM
Egypt's Financial Regulatory Authority (FRA) seeks to double non-traditional financing to reach EGP 820 billion by 2026 from EGP 370 billion in 2021 and about EGP 159 billion in 2017, the authority said in a statement on Saturday.

Business - Economy
7/19/2022 10:35:49 PM
Swiss Ambassador in Cairo Yvonne Baumann announced that the Swiss Agency for Development and Cooperation (SDC) would offer a grant worth USD 1.8 billion to a water project east Aswan.

War in Ukraine - Economy
7/18/2022 6:37:19 PM
A Moscow court has fined Google 21 billion rubles ($360 million) for failing to remove content concerning Russia's military intervention in Ukraine, the nation's telecommunications regulator said Monday.

Egypt - Urban & Transport
7/14/2022 5:31:31 PM
Egypt is expected to spend EGP 55 billion in annual diesel subsidies during the fiscal year FY 2022/23 after the government’s Wednesday decision to raise diesel prices for the first time in 30 months by EGP 0.5 per litre, Prime Minister Mostafa Madbouly has said.

World - Region
7/14/2022 4:36:05 PM
The United Arab Emirates is investing $2 billion to launch food processing centres across India that will use climate-smart technologies to help reduce waste and conserve fresh water.

World - International
7/13/2022 12:57:48 PM
A Tokyo court Wednesday ordered former executives from the operator of the devastated Fukushima nuclear plant to pay 13.32 trillion yen ($97 billion) for failing to prevent the disaster, plaintiffs said.

World - International
7/13/2022 12:28:55 PM
China's monthly trade surplus soared to a record $97.9 billion in June as export growth picked up after anti-virus controls that shut down Shanghai were lifted and shippers moved a backlog of cargo.

Business - Economy
7/12/2022 3:50:57 PM
Minister of Finance Mohamed Maait assured that the government has allocated EGP 1.1 billion in the new budget to establish utilities for 13 industrial complexes in several governorates with the aim of providing a stimulating infrastructure for the owners of small, medium, and micro enterprises (SMEs).

Life & Style - Health
7/12/2022 10:12:16 AM
The world's population is expected to reach eight billion on November 15, the UN forecast Monday in a report that said India will surpass China as the most populous country on earth in 2023.

Business - Tech
7/11/2022 5:28:41 PM
Shares of Twitter slid more than 6% at the opening bell Monday after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.

Egypt - Urban & Transport
7/10/2022 6:22:25 PM
Egyptian Minister of Housing Assem El-Gazzar said on Sunday that the state has implemented 431 water and sewage projects with a cost of EGP 45 billion since June 2014, with 138 still under construction.

Business - Economy
7/10/2022 5:33:24 PM
Egyptian Minister of Finance Mohamed Maait said on Sunday that EGP 356 billion of the fiscal year (FY) 2022/23 budget has been allocated for social protection and subsidization, while another EGP 400 billion will go for improving conditions of public employees including wages and compensations.

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