Egypt becomes first North African shareholder in AFC
Egypt has joined Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, as…
Author
e& reports net profit of $2.72bln in 2022
UAE telecom group e& reported on Monday a rise in consolidated net profit of AED10 billion ($2.72 billion) up…
Meta plans new wave of layoffs as soon as this week
Meta Platform Inc. plans another round of layoffs starting from this week that could affect thousands of employees,…
Saudi Aramco acquires Valvoline in $2.65 billion deal
Saudi Arabian oil company Aramco has announced on Thursday its acquisition of Valvoline Inc. global products…
Saudi Aramco hikes oil prices once again in April
Oil giant Saudi Aramco has raised the official selling price for the crude oil it exports to Asia and Europe for…
Telecom Egypt reports EGP 9.182 net profit in 2022
State-run Telecom Egypt (TE) announced a net profit growth of 9.09 percent year on year (YoY) to record about 9.182…
Egypt’s gold reserves record $7.372bln in February – central bank
Egypt’s gold reserves, a major component of foreign cash reserves reached $7.372 billion at the end of February,…
Egypt sovereign fund expects $4bln Gulf investments
The Sovereign Fund of Egypt (SFE) has expected to attract Gulf investments worth $4 billion within the first…
Egypt launches 1st int’l bid to develop 8 aging oilfields – minister
Egypt launched the first international bid of its kind for developing the aging oilfields through Egypt Upstream…
Saudi Arabia’s ACWA Power to build 2 solar plants in Uzbekistan
Uzbekistan's Energy Ministry and Saudi Arabia’s ACWA Power have signed investment agreements worth $2.5 billion to…