business
Stocks down on fears over second wave as lockdowns ease
World
May 12, 2020
Stocks down on fears over second wave as lockdowns ease
Fears of a second wave of coronavirus infections in some parts of the world weighed on equities Tuesday, bringing a…
Gold prices in Egypt fall by LE7, 21-karat gold now worth LE743
Business
May 9, 2020
Gold prices in Egypt fall by LE7, 21-karat gold now worth LE743
Gold prices in the Egyptian market decreased by about seven LE on Saturday compared to Friday’s prices. The price of…
Qatar to postpone US$8 billion of contracts from projects due to coronavirus
Middle East
April 7, 2020
Qatar to postpone US$8 billion of contracts from projects due to coronavirus
DUBAI (Reuters) – Qatar’s ruler has asked the government to postpone US$8.2 billion in unawarded contracts on capital expenditure projects…
UAE agriculture tech start-up secures US$120 million investment commitment
Middle East
April 6, 2020
UAE agriculture tech start-up secures US$120 million investment commitment
DUBAI (Reuters) – United Arab Emirates agriculture technology start-up Pure Harvest Smart Farms has raised US$20.6 million in fresh funding…
Coronavirus to cause first annual decline in oil use in decade: IEA
World
March 9, 2020
Coronavirus to cause first annual decline in oil use in decade: IEA
The world is set for its first annual decline in oil consumption in more than a decade due to the…
Egypt plans to sell $500 mln Banque du Caire stake via IPO in April- chairman
Business
March 4, 2020
Egypt plans to sell $500 mln Banque du Caire stake via IPO in April- chairman
CAIRO, March 3 (Reuters) – Egypt aims to sell a minority stake in state-owned Banque du Caire in an initial…
IMF recommends ‘economic program’ to develop Egypt’s private sector
Business
February 15, 2020
IMF recommends ‘economic program’ to develop Egypt’s private sector
The International Monetary Fund (IMF) recommended that Egypt needs a new package of reforms geared towards supporting and developing its…
As nations bicker, a greener future evolves in finance
Environment
February 9, 2020
As nations bicker, a greener future evolves in finance
Away from the toxic atmosphere at climate summit talks, in boardrooms, banks and trading houses, a transformation in green finance…
Egypt seeks further financing from EBRD for private sector: Minister
Business
January 25, 2020
Egypt seeks further financing from EBRD for private sector: Minister
Minister of International Cooperation Rania al-Mashat on Saturday met with Suma Chakrabarti, the President of the European Bank for Reconstruction…
Chinese companies provide over 30,000 job opportunities in Egypt: Diplomat
Business
January 12, 2020
Chinese companies provide over 30,000 job opportunities in Egypt: Diplomat
The Chinese Consul General in Alexandria Zhao Liying on Thursday said that the volume of Chinese investments in Egypt increased…