Egypt’s Suez Canal records highest daily traffic rate of 89 ships
Egypt’s Suez Canal recorded on Saturday the highest daily transit rate of transiting ships from both sides with 89…
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U.S. inflation slows down to 8.5% in July
The U.S. Consumer Price Index (CPI) increased 8.5 percent year-on-year in July, a slower annual increase compared…
ENR, Talgo, NERIC sign protocol to localise railway industry in Egypt
Egyptian National Railways (ENR), Spanish company Talgo, and National Egyptian Railway Industries Company (NERIC)…
Egypt grants Talgo a $286m contract to manufacture 7 luxury sleeper trains
State-run Egyptian National Railways (ENR) has awarded on Tuesday the Spanish train manufacturer Talgo a €280…
Türkiye launches the largest oil, gas exploration ship in Mediterranean
Türkiye’s president Recep Tayyip Erdogan has inaugurated the newest and largest undersea hydrocarbon drill ship on…
GIG Egypt insurance submits $238 million offer to buy AIG
Egypt’s Gulf Insurance Company (gig-Egypt) has submitted a compulsory purchase offer on the shares of AIG Egypt…
UK home buyers’ average mortgage reaches 30 years
UK home buyers’ average mortgage has reached a record high of 30 years, while the mortgage approvals fell more than…
Saudi Arabia intends to buy 25% of Egypt’s MOPCO
Saudi Arabia’s Public Investment Fund (PIF) has acquired on Tuesday 25 percent stake in the Egypt's Misr Fertilizer…
Egypt establishes independent fund for Suez Canal
Egyptian Cabinet has approved to establish a separate fund to manage Suez Canal’s revenues, as its headquarters…
Russia launches an Iranian satellite
Russia launched successfully a missile on Tuesday that carried an Iranian satellite into space, as Moscow and…
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