Business
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Economy
12/11/2023 4:48:56 PM
The Suez Canal Economic Zone (SCZONE) has attracted more than $1.7 billion in industrial investments since the beginning of 2023, Ibrahim Abdel-Khalek, Deputy Chairman of SCZONE, said on Monday.
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Business
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Economy
12/10/2023 7:14:27 PM
The Egyptian government has allocated EGP 100.7 billion in investments for the country's manufacturing industries sector during the current fiscal year (FY) 2023/24, said Minister of Planning and Economic Development Hala El-Said.
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Business
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Tech
12/10/2023 5:43:20 PM
Dahab Masr has signed a cooperation protocol with GuRow, a financial technology application, to develop the gold market through artificial intelligence (AI) techniques and accurate data analysis, according to a recent statement by Dahab Masr.
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War on Gaza
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War on Gaza
12/10/2023 10:41:02 AM
A British Palestinian surgeon who spent weeks in the Gaza Strip during the current war as part of a Doctors Without Borders medical team said he has given testimony to a British war crimes investigation unit.
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Business
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Economy
12/8/2023 2:31:42 PM
The Emirati energy company Mubadala is seeking to inject new investments in Egypt, CEO Mansoor Al-Hamed stated on Thursday during a meeting with Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla.
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Sports
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Omni sports
12/7/2023 10:18:05 PM
Motor sport's governing body, the FIA, on Thursday announced that it had ended a short-lived investigation into a potential conflict of interest believed to centre on Susie Wolff and her husband Toto, the Mercedes team boss.
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War on Gaza
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War on Gaza
12/7/2023 8:40:59 PM
The Israeli strike that killed one journalist and wounded six others in Lebanon merits a "war crime" investigation, rights groups Amnesty International and Human Rights Watch told AFP on Thursday.
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Sports
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World
12/7/2023 5:16:01 PM
French champions Paris Saint-Germain said on Thursday US investment firm Arctos Partners had acquired a minority stake in the Qatari-owned French club.
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War on Gaza
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War on Gaza
12/7/2023 1:48:38 PM
An Israeli tank crew killed a Reuters journalist and wounded six reporters in Lebanon on 13 October, by firing two shells in quick succession from Israel while the journalists were filming cross-border shelling, separate Reuters and AFP investigations have found.
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Business
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Economy
12/6/2023 2:02:02 PM
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.
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Business
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Economy
12/5/2023 8:23:06 PM
Gold prices experienced a slight decline on Tuesday, trading $100 below the previous session's record high, as investors are eagerly awaiting upcoming US economic data, which could potentially impact the Federal Reserve's rate outlook.
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Business
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Markets & Companies
12/5/2023 7:12:59 PM
Egyptian tycoon Nassef Sawiris is considering moving his family business entity, NNS Group, to the Abu Dhabi Global Market (ADGM).
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War on Gaza
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War on Gaza
12/3/2023 8:51:37 PM
Al-Araby Al-Jadeed released on Saturday an investigative report disproving the Pentagon's claim that they halted the flights of surveillance aircraft flights off the Gaza coast during the week-long Israel-Hamas truce.
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Business
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Economy
12/3/2023 6:49:51 PM
The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said on Sunday.
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Business
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Energy
12/3/2023 5:34:30 PM
The Egyptian Suez Canal Economic Zone (SCZONE) and the Ministry of Electricity and Renewable Energy signed agreements with Norwegian energy company Scatec, and a group of international financial institutions including the African Development Bank (AfDB) and British International Investment (BII) to launch three green energy projects in Egypt.
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Business
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Energy
12/3/2023 5:34:07 PM
Egypt has signed a memorandum of understanding (MoU) with the Norwegian company Scatec ASA to supply ships with green fuel in East Port Said, with investments worth around $1.1 billion.
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Business
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Economy
12/3/2023 2:22:32 PM
The services sector was the top recipient of foreign direct investments (FDI) in Egypt during the fiscal year (FY) 2022/2023, recording $5.94 billion, or 59.16 percent of that year’s total FDI, according to the External Position report released by the Central Bank of Egypt (CBE).
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Business
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Economy
12/3/2023 12:55:56 PM
The Egyptian platform Belbaqy (“spare change”) will launch in early 2024, allowing users to invest the leftover amounts from electronic transactions, according to a statement from the company on Saturday.
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World
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Region
12/2/2023 10:12:05 AM
The United Arab Emirates said Friday it is launching a new $30 billion private investment fund focused on climate projects in developing countries.
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Business
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Energy
11/29/2023 1:40:26 PM
Emirati energy company Dana Gas announced plans to invest an additional $43 million in its operations in the Egyptian market over the coming year, according to CEO Richard Hall on Wednesday.
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