Egypt is spearheading the renewable energy shift in the Middle East and North Africa, having topped the region in wind power generation capacity in 2024, the Egyptian Cabinet reported, citing the International Renewable Energy Agency (IRENA).
The (...)
The Egyptian pound (EGP) edged lower against the US dollar (USD) in early trading on Thursday, June 12, 2025, across most local banks.
Bank Buy Sell
National Bank of Egypt (NBE) 49.46 49.56
Banque Misr 49.46 49.56
Arab African International (...)
Egypt's Minister of Water Resources and Irrigation Hani Sewilam met with Lebanese Minister of Energy and Water Joseph Saddi on the sidelines of a high-level celebration in Paris marking 50 years since the launch of UNESCO's International (...)
France's economy is now expected to grow by only 0.6 per cent in 2025, down from a previous forecast of 0.7 per cent, the Bank of France said on Wednesday, citing weaker foreign demand amid ongoing US trade tensions, according to Reuters.
The (...)
UK's housing market cooled further in May as buyer demand weakened following a hike in property transaction taxes and growing concern over global trade tensions, according to Reuters citing a survey released by the Royal Institution of Chartered (...)
Egypt's Deputy Health Minister Abla Al-Alfi on Thursday held an extended meeting with provincial health directors and World Bank representatives to review implementation mechanisms for the Urgent Plan for Population and Development, as per a Cabinet (...)
The Egyptian pound (EGP) weakened against the US dollar (USD) in early trading on Wednesday, 11 June 2025, across most banks.
Bank Buy Sell
National Bank of Egypt (NBE) 49.49 49.59
Banque Misr 49.49 49.59
Arab African International Bank 49.48 (...)
Egypt approved its first private-to-private (P2P) green energy contracts, allowing four renewable energy projects totalling 400 MW to supply electricity directly to industrial consumers—marking a major shift in the country's energy market.
The pilot (...)
Egypt remains committed to multilateral environmental cooperation and national efforts to protect natural resources, Minister of Environment Yasmine Fouad said, highlighting the country's upcoming hosting of COP24 of the Barcelona Convention. Her (...)
Germany's imports of goods from Russia dropped by 95 per cent between 2021 and 2024, while exports to Russia fell by 72 per cent, Reuters reported citing the federal statistics office (Destatis), reflecting the impact of sanctions following Russia's (...)
Munich-based Proxima Fusion has raised €130 million in Europe's largest-ever private investment round for nuclear fusion, the Financial Times reported on Wednesday, citing the company. The round was led by Cherry Ventures and Balderton Capital.
The (...)
Swedish premium electric vehicle maker Polestar will begin delivering cars in France this year, aiming to make it one of its top three European markets, the company's France managing director Stéphane Le Guével told Reuters.
The move comes as (...)
Egypt's General Authority for Healthcare Accreditation and Regulation (GAHAR) Chairman Ahmed Taha met with a delegation from the Japan International Cooperation Agency (JICA) to discuss ways to enhance cooperation in support of the Universal Health (...)
Egypt Healthcare Authority (EHA) signed a cooperation protocol with the Medical Services Company, a subsidiary of the Egyptian Electricity Holding Company (EEHC), to enhance access to quality healthcare for electricity sector employees.
The (...)
Egypt's Deputy Minister of Agriculture and Land Reclamation Mustafa Al-Sayyad met with his Saudi counterpart on the sidelines of the GreenTech exhibition currently underway in Amsterdam to discuss ways to strengthen bilateral cooperation in (...)
The European Central Bank's latest interest rate cut will support inflation returning to the 2 per cent target after a temporary dip, ECB Chief Economist Philip Lane said on Wednesday.
"This cut helps ensure that the projected negative inflation (...)
Sterling edged lower against the dollar on Wednesday, falling 0.2 per cent to $1.3472, as markets awaited British finance minister Rachel Reeves' multi-year spending review. The pound also weakened slightly against the euro, which rose 0.1 per cent (...)
The Egyptian pound edged up slightly against the US dollar on Wednesday, June 11, 2025, according to figures released by the Central Bank of Egypt (CBE).
The CBE quoted an average buying rate of EGP 49.4431 to the dollar and a selling rate of EGP (...)
Egypt Healthcare Authority (EHA) signed a memorandum of understanding with Entlaq, a consultancy and strategic studies firm, marking a key step in advancing digital transformation and innovation in Egypt's health sector and strengthening its global (...)
European sectors showed weak performance in May, with only seven of 19 monitored industries recording business growth—the lowest since July 2024, according to the latest S&P Global Europe Sector PMI. Manufacturing segments faced renewed (...)
Microsoft announced on Wednesday it is providing a free cybersecurity programme to European governments aimed at strengthening their defences against cyber threats, including those supported by artificial intelligence (AI).
The programme comes amid (...)
The Egyptian pound (EGP) held steady against the US dollar (USD) in early trading on Wednesday, June 4, 2025, across most banks.
Bank Buy Sell
National Bank of Egypt (NBE) 49.62 49.72
Banque Misr 49.62 49.72
Arab African International Bank (...)
UK's finance minister Rachel Reeves will confirm a £15.6 billion ($21.1 billion) investment in transport projects outside London later on Wednesday, aiming to address years of under-investment in regional infrastructure.
The funding, announced in (...)
Russia's services sector expanded at a faster pace in May, driven by stronger demand and new business inflows, according to S&P Global's latest PMI survey.
The Services Business Activity Index rose to 52.2 from 50.1 in April, signalling the sharpest (...)
The European Commission adopted its first list of 13 Strategic Projects on critical raw materials outside the EU, aiming to diversify supply sources and boost economic security, the Commission announced on Wednesday.
These projects, located in (...)