Business
-
Economy
12/20/2023 1:52:10 PM
The attack against ships in the Red Sea and speculation regarding potential interest rate cuts by the Federal Reserve pushed oil prices higher after reaching the lowest level in six months, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.
|
Business
-
Markets & Companies
12/19/2023 10:32:32 PM
Beltone Financial Holding, a prominent Cairo-listed investment company, has announced its subsidiary Beltone Capital is in the process of acquiring a 51 percent stake in the National Seeds Company (NSC) for EGP 150 million, according to a statement by Beltone on Tuesday.
|
Business
-
Economy
12/19/2023 6:46:50 PM
Xmatch Demo Day has secured more than $20 million in potential investments for Small and Medium Enterprises (SMEs) and startups in Egypt, according to a statement released on Tuesday.
|
Al-Ahram Weekly
-
Economy
12/19/2023 5:56:11 PM
|
Business
-
Tech
12/19/2023 3:54:24 PM
The Egyptian Ministry of Telecommunications and Information Technology and the Emirati Ministry of Investment signed a memorandum of understanding (MoU) to build large data centres, according to a Cabinet statement on Monday.
|
Business
-
Tech
12/18/2023 6:56:04 PM
The European Union on Monday made Elon Musk’s online platform X the first tech company to face an investigation under Europe's tough new regulations designed to clean up social media and protect people from toxic online content.
|
Business
-
Economy
12/18/2023 6:04:55 PM
The Egyptian government will build a comprehensive urban project on 2,000 acres in southern Cairo previously belonging to the state-run Iron and Steel Company, Minister of Public Sector, Mahmoud Esmat, said on Monday.
|
Business
-
Economy
12/18/2023 3:19:53 PM
Africa advanced efforts to develop an independent drug industry after Rwanda agreed to host the African Pharmaceutical Technology Foundation (APTF) in partnership with the European Investment Bank (EIB) and the African Development Bank (AfDB), according to a statement on Monday.
|
Business
-
Economy
12/17/2023 6:12:08 PM
Egypt bears an annual burden of over EGP 13 billion due to interest rate differences in loans provided domestically at discounted interest rates for production sectors, covering agricultural, industrial, and tourism activities, Minister of Finance Mohamed Maait said on Sunday.
|
Business
-
Economy
12/17/2023 5:24:36 PM
Egyptian pharmaceutical company APEX Pharma has announced plans to pump EGP 4 billion ($130 million) in investments to establish two state-of-the-art pharmaceutical factories in Egypt and Saudi Arabia in the coming year, Chairman Magdy Elba said on Sunday.
|
Business
-
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.
|
Sports
-
Omni sports
12/16/2023 5:52:59 PM
A male British Olympic athlete is under investigation by anti-doping authorities after being mentioned in court papers linked to the case against US therapist Eric Lira, The Times has reported.
|
War on Gaza
-
War on Gaza
12/16/2023 3:40:00 PM
The Israeli army was on Saturday investigating the killing of three captives which it said had been mistakenly identified as a threat by soldiers, an incident that sparked protests in Tel Aviv.
|
Arts & Culture
-
Screens
12/16/2023 11:06:55 AM
"Friends" actor Matthew Perry died from an accidental ketamine overdose, medical examiners said Friday, concluding their investigation into the death of the beloved but troubled TV star.
|
Business
-
Economy
12/14/2023 9:03:07 PM
The Egyptian Exchange (EGX) indices suffered fluctuations throughout the week that ended on 14 December, as profit-taking increased on leading stocks.
|
War on Gaza
-
War on Gaza
12/14/2023 8:36:00 PM
Some of the crucial details of Israel’s narrative claiming Hamas committed mass atrocities on 7 October were simply false and a result of Israel's desire to obtain public and international support for violent retaliation against Gaza, according to an investigation conducted by the French newspaper Libération.
|
World
-
International
12/14/2023 1:49:17 PM
The House on Wednesday authorized the impeachment inquiry into President Joe Biden, with every Republican rallying behind the politically charged process despite lingering concerns among some in the party that the investigation has yet to produce evidence of misconduct by the president.
|
Business
-
Markets & Companies
12/13/2023 2:30:46 PM
UAE-based company B Investments is inching closer to finalizing the acquisition of up to 90 percent of the Sawiris family's Orascom Financial Holding (OFH), which is valued at EGP 4.25 billion ($137.51 million), via share swap, after the conclusion of the fair value (FV) report, according to a bourse filing on Wednesday.
|
Business
-
Economy
12/13/2023 1:13:17 PM
The European Bank for Reconstruction and Development (EBRD) is considering providing two loans totaling $35 million to the Egypt-based Arab Investment Bank (aiBank), according to statements by the EBRD on Tuesday.
|
War on Gaza
-
War on Gaza
12/11/2023 5:08:34 PM
Israel used US-supplied white phosphorus munitions in an October attack on southern Lebanon in what a rights group says should be investigated as a war crime, according to The Washington Post analysis of shell fragments found in a small village.
|