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EU car market slows by 3.3% in Dec. of ‘23
The European Union (EU) car market experienced a 3.3 per cent decline, marking the first decrease in 16 months as…
U.S. freezing weather hinders LNG shipments
Scheduled exports of U.S liquefied natural gas (LNG) were disrupted by the recent freeze that affected Texas and…
Alshaya Group reduces operations in Egyptian market
Kuwait’s Alshaya Group will reduce its operations in Egypt amid the ongoing economic situation, the group said in…
Google may keep cutting jobs in ’24 – CEO
Google CEO, Sundar Pichai warned employees that more layoffs are likely at the Alphabet-owned company this year.
War on Gaza to cost Israel 10% of GDP
The Israeli attacks on Palestinians in Gaza will cost around ten per cent of the Israeli Gross Domestic Product…
Egypt’s overall budget deficit reaches 4.95% of GDP in FY ’23-24
Egypt’s government achieved an overall budget deficit of 4.95 percent of GDP in the third quarter of the fiscal…
Bunker fuel prices soar amid Red Sea diversions
Bunker fuel prices soared in Africa and the Mediterranean amid increasing demand due to the diversions in the Red…
OPEC expects global oil demand at 1.8 mb/d in 2025
The global oil demand growth is expected to see a robust increase of 1.8 million barrels a day (mb/d) in 2025,…
Shell plans to develop N. Sea gas field
Shell has fanatically approved the development of the Victory gas field in the North Sea, increasing the company's…
Egypt signs gold exploration contract with Canada’s Aton Mining
The Egyptian Mineral Resources Authority (EMRA) and Canada’s Aton Mining Company entered on Wednesday into a new…