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War on Gaza
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War on Gaza
1/17/2024 11:26:38 AM
Japan's three major shipping firms said Wednesday they are joining other major companies in suspending routes through the Red Sea over Houthi rebel attacks on vessels in the vital waterway.
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Egypt
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Urban & Transport
1/16/2024 11:19:31 PM
Osama Rabie, the chairman of Egypt’s Suez Canal Authority (SCA), has stressed that the decision of some shipping companies to reroute from the Suez Canal is a temporary measure driven by security concerns amid the ongoing escalation in the Red Sea.
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Business
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Economy
1/16/2024 6:02:38 PM
Egypt's state-owned oil companies are poised to invest over EGP 23 billion in the upcoming fiscal year (FY) 2024/2025, commencing in July, Minister of Petroleum and Mineral Resources Tarek El-Molla said on Tuesday.
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Business
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Economy
1/16/2024 2:57:30 PM
Foreign companies can now retain their capital increase deposit in foreign currency, rather than having it converted to Egyptian pound by the bank, allowing them to utilize it later for the procurement of production inputs.
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Business
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Economy
1/3/2024 7:12:27 PM
The Egyptian Cabinet approved the sale of specific tracts of land to foreign companies in US dollars, according to a statement on Wednesday, the latest in a series of steps meant to attract hard currency by selling property to foreigners and expats.
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Business
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Tech
1/1/2024 8:00:50 PM
Egyptian telecommunications companies have recently increased the prices of mobile recharge cards and selected prepaid plans by 10 to 15 percent.
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Business
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Economy
12/29/2023 5:34:56 PM
Privately-owned MAFI For Agricultural Produce Industries signed contracts on Wednesday with international agricultural companies to establish a $300 million food production complex in Sadat City, the largest in the Middle East.
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Business
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Economy
12/28/2023 2:44:08 PM
Norway's largest pension fund said Thursday it has divested from Saudi Aramco due to the oil giant's lack of climate action and from 11 other Gulf companies over human rights concerns.
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Egypt
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Foreign Affairs
12/28/2023 12:23:08 PM
Tanzania’s mega development project, Julius Nyerere Dam, which is being constructed by a consortium of two Egyptian companies, is set to start power generation in mid-February, said Ahmed El-Sewedy, the CEO of El-Sewedy Electric, one of the consortium partners.
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Business
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Economy
12/20/2023 6:30:03 PM
Egypt has secured $5.6 billion from the partial and full sale of stakes in 14 state-owned companies, Prime Minister Mostafa Madbouly stated in a press conference on Wednesday.
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Business
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Energy
12/18/2023 10:52:42 PM
Oil prices shot up three percent Monday as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen's Iran-backed Houthi rebels.
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War on Gaza
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War on Gaza
12/18/2023 6:55:16 PM
Yemen's Iran-backed Houthi rebels said Monday they had attacked two "Israeli-linked" vessels in the Red Sea in solidarity with Gaza, as more companies halt transit through the troubled but vital waterway.
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War on Gaza
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War on Gaza
12/18/2023 3:49:57 PM
A Norwegian ship was hit by an "unidentified object" in the Red Sea on Monday, its owner said, as a series of shipping companies suspended transit of the seaway because of Yemeni rebel attacks.
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Business
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Economy
12/17/2023 2:52:59 PM
Egypt’s Ministry of International Cooperation launched on Sunday the Hub for Advisory, Finance and Investment for Entreprises “Hafiz” a new financial and technical support platform for the private sector, according to a statement.
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Al-Ahram Weekly
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World
12/12/2023 9:07:23 PM
The Iran-backed Houthi rebels in Yemen reaffirm threats to ships stopping at Israeli ports crossing the Red Sea, with some shipping companies rerouting their vessels as a result, reports Ahmed Mustafa
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Business
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Economy
12/10/2023 7:58:14 PM
The profits of global aerospace companies are expected to surge by 10 percent to $25.7 billion in 2024 from $23.3 billion in 2023, according to a report by the International Air Transport Association (IATA) published on Sunday.
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Egypt
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Society
12/5/2023 11:09:52 PM
Sugar companies, following government directives, have increased sugar production and distribution to mitigate the current shortage of sugar in Egypt, the Ministry of Food Supply and Internal Trade announced.
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Business
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Tech
11/28/2023 6:09:03 PM
Software and digital technologies are anticipated to contribute 29 percent of companies' revenues worldwide by 2030, a substantial increase from seven percent now, according to a recent report by French information technology services and consulting company Capgemini SE.
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Arts & Culture
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Screens
11/23/2023 12:35:31 PM
Oscar-winning actor Susan Sarandon and “Scream” star Melissa Barrera were each dropped by Hollywood companies after making comments on the Israeli war on Gaza.
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Business
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Economy
11/21/2023 7:42:20 PM
The Egyptian government needs to offer more incentives to boost local industries amid the campaign to boycott companies that support Israel, experts said to Ahram Online.
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