Saudi Arabia's Public Investment Fund (PIF) will launch a new company in Egypt to invest in the promising sectors worth $10 billion (EGP194 billion), a statement by the fund said on Thursday.
Saudi Egyptian Investment Company (SEIC) will target many (...)
China's foreign exchange reserves unexpectedly increased about $3.104 trillion in July, up by 1.07 percent over June, the State Administration of Foreign Exchange (SAFE) announced on Sunday.
The data showed that china's foreign exchange reserves (...)
UAE renewable energy company Masdar has announced on Friday the signing of an agreement with the Tanzania's Tanesco an electric supply company limited, to develop renewable energy projects with a total capacity of two gigawatts.
Tanesco will develop (...)
U.S. oil company ExxonMobil aims to increase its investments and develop its activities in fuel marketing and distribution filed in Egypt, Egyptian Ministry of Petroleum announced on Wednesday.
Minister Tarek el-Molla has received a delegation from (...)
Ayman Amiri, Chief Technology Officer at Orange Egypt
Orange Egypt has selected Nokia to modernise Subscriber Data Management (SDM) solution to support the operator's subscriber growth over the next five years, according to Nokia's statement on (...)
Siemens Mobility has awarded Germany-based company Knorr-Bremse a supply contract to equip 15 high speed Velaro Egypt electric multiple units (EMUs) with braking systems and entrance systems.
The company will install the systems for the 15 trains in (...)
Egypt had produced 148,000 tons of seeds for the first time in its history cultivating an area of 2.5 million feddans, Minister of Agriculture and Land Reclamation Al-Sayed el-Quseir announced on Monday.
el-Quseir assured on the importance to expand (...)
Egyptian aerobatics air forces team will perform on Wednesday Pyramids Air Show 2022 with the South Korean aerobatics team over the pyramids, according to the Egyptian armed forces statement.
The South Korean Black Eagles team and the Egyptian (...)
The American electronics company Apple Inc sold high-quality bonds on Monday worth $ 5.5 billion in four segments to finance its share buyback program and cash dividends to shareholders.
This step came especially in the current conditions that have (...)
President Abdel Fatah al-Sisi's decision has issued on Monday to appoint 73 female members from the Administrative Prosecution and State Cases Authority as judges in the Court of First Instance , Hana Sorour member of the House of Representatives, (...)
Egypt's second biggest lender, Banque Misr has acquired on Tuesday a licence to operate a representative office in Kenya, pursuing trade finance deals in East Africa and a chance to serve Egyptian firms operating in the region.
Central Bank of Kenya (...)
The World Health Organisation (WHO) has announced on Monday that Egyptian Drug Authority (EDA) for vaccines reached Maturity Level 3 (ML-3), which will eventually allow Egypt to export COVID-19 vaccines to other countries.
EDA becomes the first to (...)
Homzmart, the Middle East's online shopping for furniture and home goods, has recently got a Pre-Series B investment of $23 million recently, bringing its total funding up to $40 million, its chief executive said on Monday.
The investment comes (...)
The Public Prosecutor Office in Barcelona announced on Friday that it will seek more than eight-year in prison for tax evasion against Shakira, after she refused to reach an agreement with Spanish prosecutors, insisting on her innocence.
The (...)
Egypt's Giza Systems the leading digital transformation at the Middle East and Africa (MEA) region has unveiled on Tuesday its corporate rebrand and launch.
The rebranding step reflecting the company's commitment to innovation and delivering (...)
Swiss National Bank (SNB) has taken a hit of CHF95.2 billion ($100 billion) for the first half of this year, mainly owing to losses CHF97.4 billion on foreign currency positions, said in a statement Friday.
SNB emphasised that its results depend (...)
U.S. economy shrunk for the second straight quarter from April to June, as the Gross Domestic Product (GDP) fell 0.9 percent at an annualized pace for the period, the government agency Bureau of Economic Analysis (BEA) reported on Thursday.
The (...)
The Alamein Art Festival has kicked off on Thursday by Art D'Egypte, which a private firm known for organising high-profile art events in the country.
Art D'Egypte included in the first edition of the Alamein Art Festival a group of large (...)
The Russian embassy in Cairo announced on Wednesday the delivery of a trial experimental shipment tests to Egypt conducted by Moscow to discover the monkeypox virus, according to an official statement.
Russa's Research Center of Virology and (...)
Egypt's state grains buyer GASC has canceled contracts to buy 240,000 tons of Ukrainian wheat that it had booked earlier this year, two people with knowledge of the matter told Reuters.
The sources indicated that GASC has exempted the responsible (...)
Egypt is hosting on Wednesday the representatives of 42 African countries at the General Assembly and the Board of Directors' committee meetings of the African Reinsurance Corporation (Africa Re) for the first time after three years since COVID-19 (...)
Egyptian government has allocated 11 billion pounds ($53 million) as exceptional aid over the upcoming six months to support about nine million families during the current global economic crises.
President Abdel Fattah al-Sisi has directed on (...)
Egypt's property developer SODIC has reported on Wednesday a 77 percent year-on-year growth in gross contracted sales to 6.67 billion Egyptian pounds ($352.3 million).
Gross profit also rose 44 percent year-on-year increase to 941 million pounds on (...)
Saudi Arabia's Crown Prince Mohammed bin Salman is planning the Initial Public Offering (IPO) of the Kingdom's SAR 1,878 trillion ($500 billion) megaproject Neom by 2024.
The Kingdom's prince outlined on Monday for the first time about , one of the (...)
The U.S. Food and Drug Administration (FDA) has approved on Monday Opzelura (ruxolitinib) cream 1.5 percent as the topical treatment of nonsegmental vitiligo for adult and pediatrics patients 12 years of age and older.
The approval based on TRuE-V (...)
