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Business
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Economy
3/30/2023 11:31:32 AM
Egypt has adjusted its real GDP growth rate target for FY2023/24 down to 4.1%, from the previously targeted 5.5% in December, announced Finance Minister Mohamed Maait.
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Business
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Energy
3/28/2023 11:37:12 AM
Russian oil sales to India surged more than twentyfold last year as European buyers turned to other markets following the conflict in Ukraine, Russia's deputy prime minister said Tuesday.
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Sports
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World
3/27/2023 9:08:28 PM
European soccer clubs sealed a new working agreement with FIFA on Monday after securing a 70% increase in their share of World Cup revenues for the 2026 and 2030 tournaments.
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Business
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Energy
3/15/2023 9:41:26 AM
Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from the United States for refusing to ramp up production to keep oil prices down as Russia continues to mount its offensive in Ukraine.
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Business
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Economy
3/1/2023 4:13:46 PM
Egypt's Ministry of Tourism and Antiquities has imposed new fees on hotels, coffee shops, tourism operators, restaurants, and bazaars to be paid for the Tourism and Antiquities Support Fund, according to the ministry’s decision published in the Official Gazette on Tuesday.
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Al-Ahram Weekly
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Economy
2/9/2023 10:20:00 AM
A revival in exports and tourism revenues is helping to support Egypt’s balance of payments
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Business
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Economy
2/3/2023 11:27:00 AM
Egypt’s balance of payments (BOP) witnessed an improvement in the first quarter of FY2022/2023 (July-September), as the current account deficit has narrowed by 20.2 percent to post $3.2 billion compared to $4 billion in the same period of the preceding fiscal year, the Central Bank of Egypt (CBE) announced on Thursday.
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Egypt
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Urban & Transport
2/2/2023 10:31:45 PM
Chairman of the Suez Canal Authority (SCA) Osama Rabie said on Thursday the international waterway achieved in January the highest monthly revenue in its history, reaching $802 million, surpassing the record achieved in August by $56.4 million.
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Egypt
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Urban & Transport
1/25/2023 4:35:47 PM
Egypt’s Suez Canal revenues hit a record of $8 billion in 2022, up from $6.3 billion in 2021, the Suez Canal Authority (SCA) said on Wednesday.
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World
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Region
1/5/2023 4:38:36 PM
Dozens of Tunisian lawyers protested on Thursday against newly imposed taxes on legal services, part of a 2023 budget that seeks to boost revenues to the cash-strapped treasury.
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Al-Ahram Weekly
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World
12/31/2022 9:07:00 PM
The defence industry is already making tens of billions of dollars in revenue from the war in Ukraine as the US, UK and others sending arms and ammunition to Kyiv need to replenish their stocks.
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World
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Region
12/27/2022 3:29:49 PM
Tunisia's finance minister unveiled a budget Monday aiming to use new tax revenues to claw the deficit back to near five percent of GDP, as the cash-strapped country awaits an international bailout.
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Egypt
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Foreign Affairs
12/16/2022 8:12:00 PM
In a speech on the third and final day Friday of the US-Africa Leaders’ Summit in Washington, President Abdel-Fattah El-Sisi urged the US to invest in alleviating debt burdens on the most afflicted countries, noting that the debt rate has reached serious levels exceeding 250 percent of their revenues.
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World
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War in Ukraine
12/15/2022 3:32:55 PM
Swedish fashion retailer H&M announced Thursday that it had closed its last remaining stores in Russia and Belarus, wrapping up its progressive withdrawal over the Ukraine conflict.
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Business
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Markets & Companies
12/14/2022 3:56:53 PM
Ahmed Refky: RCX Won Global and Regional Awards in 2022 for its Remarkable Achievements - “We Took Further steps to Expand in the Gulf Region and Saudi Arabia and Expect a Revenue Boost in Q1 2023”
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World Cup 2022
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News
11/20/2022 12:46:05 PM
FIFA earned record revenues of $7.5 billion in the four years of commercial deals tied to the 2022 World Cup in Qatar, the governing body of soccer said Sunday.
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Business
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Markets & Companies
11/9/2022 9:27:55 PM
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
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Sports
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World
11/7/2022 11:56:32 AM
Manchester City reported record revenues and profits for the club in its latest financial statement released on Monday, saying ``beautiful football'' was the main reason for its success.
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Business
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Tech
11/1/2022 9:40:51 PM
New Twitter head Elon Musk said Tuesday the site will charge $8 per month to verify users' accounts, arguing the plan would upend the platform's "current lords & peasants system" and create a new revenue stream for the company.
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Business
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Economy
10/24/2022 10:25:06 PM
Prime Minister Mostafa Madbouly affirmed on monday that tender offers aim to get the best financial revenues for the State and maximise the value of its assets.
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