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Egypt
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Urban & Transport
4/1/2024 12:40:32 PM
EgyptAir Holding Company has contracted to sell 12 Airbus A220-300 aircraft to Azorra Aviation, the Egyptian company’s chairman Yahya Zakaria told the Saudi Bloomberg Al-Sharq TV channel on Sunday.
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Business
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Tech
3/18/2024 9:46:16 PM
Apple is in advanced negotiations with Google to adopt its powerful Gemini AI models for the iPhone, Bloomberg reported on Monday.
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Business
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Economy
2/4/2024 7:54:26 PM
Goldman Sachs, the renowned American investment bank, anticipated that Egypt is on the verge of securing a $12 billion financing deal with the International Monetary Fund (IMF), according to a report by Asharq Bloomberg on their official account on X on Sunday.
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Business
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Economy
2/1/2024 8:35:31 PM
Global investment banks Goldman Sachs and Pictet Asset Management issued recommendations urging investors to purchase Egypt's US dollar-denominated bonds, according to a report by Bloomberg.
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Business
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Economy
2/1/2024 1:02:03 PM
The 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63, with short-term contracts also following this upward trend, according to Bloomberg.
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Business
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Economy
1/22/2024 7:16:01 PM
Egypt has lost about $150 million in Suez Canal revenue due to ongoing Red Sea disruptions, according to Bloomberg’s Chief Emerging Markets Economist Ziad Daoud.
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Business
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Economy
12/19/2023 7:33:38 PM
The Egyptian pound’s forward exchange rate against the US dollar for one-year contracts reached a new peak at EGP 50.5 on Tuesday, according to Asharq Bloomberg.
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War on Gaza
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War on Gaza
11/16/2023 11:22:33 PM
The United States and European Union are advocating for plans to deploy international peacekeepers in the Gaza Strip following the end of Israel's war on Gaza, according to insiders.
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War on Gaza
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War on Gaza
11/1/2023 2:53:00 AM
Saudi Arabia's military has gone into a state of high alert following deadly clashes with Yemen’s Iran-backed Houthi rebels, who also tried to fire a missile over the kingdom toward Israel, Bloomberg reported citing people familiar with the matter.
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World
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International
9/7/2023 11:24:47 AM
The G20 nations agreed to grant the African Union (AU) permanent membership status, the same as the European Union (EU), Bloomberg News said on Thursday, citing people familiar with the matter.
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Business
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Economy
7/20/2023 12:00:00 AM
Egypt is currently in talks with the United Arab Emirates to secure a total of $500 million in funding to import wheat, Bloomberg quoted Minister of Supply and Internal Trade Ali El-Moselhi as saying on Thursday.
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Al-Ahram Weekly
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Egypt
5/16/2023 11:46:03 PM
The sale of a stake in Telecom Egypt has set the stage for more offers of stakes in state-owned companies to come, write Niveen Wahish and Sherine Abdel-Razek
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Business
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Economy
2/28/2023 2:23:44 PM
Egypt and Qatar are considering creating a joint investment fund, Egypt’s Minister of Planning and Economic Development Hala El-Said told Bloomberg on Tuesday on the sidelines of the Egyptian prime minister’s visit to Doha started on Sunday.
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Business
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Economy
12/5/2022 3:34:24 PM
Egypt hopes to receive in December the first tranche, worth $750 million, of the $3 billion loan from the International Monetary Fund (IMF), Minister of Finance Mohamed Maait said in statements to Alsharq Bloomberg on Sunday.
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Business
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Economy
11/9/2022 6:08:51 PM
The Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, has deposit $1 billion into the Central Bank of Egypt, which paves the way for the authority to pump new investments into the Egyptian market, Bloomberg said on Wednesday.
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COP27
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Climate change
10/26/2022 11:19:04 PM
In an interview with Bloomberg Television, Egypt Foreign Minister and COP27 President-Designate Sameh Shoukry asserted that there is a need to see greater equity between finance for mitigation and adaptation.
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Business
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Economy
6/23/2022 5:16:50 PM
A new Egypt deal with the International Monetary Fund (IMF) could be under the Extended Fund Facility (EFF) for four years, but a programme under the Stand-by Arrangement (SBA) and the Financial Programming and Policies are also on the table, Egypt’s Minister of Finance Mohamed Maait told Bloomberg TV.
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Business
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Markets & Companies
5/15/2022 2:20:38 PM
Emirates Telecommunications Group Company PJSC bought a 9.8% stake in Vodafone Group Plc for $4.4 billion as the Middle Eastern technology provider seeks to expand globally, Bloomberg reported.
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Egypt
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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.
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World
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International
2/2/2022 12:26:54 PM
The EU will face the fury of opponents to nuclear and gas energy on Wednesday when it proposes new criteria for a "green label" for investment projects intended to help fight climate change.
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