Featured Puma shares drop to lowest in 6 yrs Sama Mousa Jan 24, 2024 0 Puma, the German sportswear giant, posted a drop of over eight per cent on Wednesday, its lowest since 2018,…
Featured Egypt transfers ownership of 13 closed govt. buildings to sovereign fund Sama Mousa Jan 24, 2024 0 Egypt approved moving the ownership of 13 governmental buildings to The Sovereign Fund of Egypt (TSFE), according…
Featured Egyptian fund offers marketing support for SMEs Sama Mousa Jan 24, 2024 0 Egypt’s Social Fund for Development (SFD) announced it is offering full marketing support to uplift the small…
Featured Samsung to lease its Russia factory Sama Mousa Jan 24, 2024 0 Samsung Electronics is planning on leasing its TV factory in Russia in light of a number of global companies…
Featured LG Display posts 1st profit in 7 quarters Sama Mousa Jan 24, 2024 0 LG Display, South Korea’s flatscreen maker, posted its first profit in seven quarters amid increasing shipments of…
Featured Sisi, Putin witness pouring concrete into 4th unit at Dabaa nuclear plant Sama Mousa Jan 23, 2024 0 Egyptian President Abdel Fattah al-Sisi witnessed the pouring of the first concrete into the foundation of the…
Featured Zee shares drop 33% after Sony calls off deal Sama Mousa Jan 23, 2024 0 Zee Entertainment Enterprises Ltd. witnessed a drop of 33 per cent after Sony Group Corp. announced the termination…
Featured France’s Sanofi to buy INBRX-101 for $2.2 bln Sama Mousa Jan 23, 2024 0 France’s Sanofi, the giant healthcare company, is set to buy US drug development project INBRX-101 from Inhibrx…
Featured French watchdog fines Amazon €32 mln over employee surveillance system Sama Mousa Jan 23, 2024 0 French data protection Watchdog fined Amazon.com Inc. €32 million ($34.9 million) over their employee surveillance…
Featured BYD becomes China’s best selling car brand Sama Mousa Jan 23, 2024 0 BYD Co. has overthrown Volkswagen AG to become China’s best-selling car brand in 2023, Bloomberg reported on…
Featured UK’s Primark sales slow in Xmas quarter Sama Mousa Jan 23, 2024 0 Primark, retail clothing company owned by Associated British Foods, witnessed a drop in its sales during the…
Featured Apple to pay $13.7 mln fine to Russia Sama Mousa Jan 22, 2024 0 Apple Inc. has paid a fine of 1.2 billion roubles ($13.65 million) to Russia, Reuters reported on Monday, citing…
Featured Humans still cost-effective than AI – study Sama Mousa Jan 22, 2024 0 Human beings are still more cost-effective than artificial intelligence in the majority of jobs, Bloomberg reported…
Featured Hapag-Lloyd to offer transits in S. Arabia over Red Sea attacks Sama Mousa Jan 22, 2024 0 German shipping giant Hapag-Lloyd will introduce land corridors through Saudi Arabia to mitigate the impact of the…
Featured ADNOC approves emission reduction investments worth $23 bln Sama Mousa Jan 22, 2024 0 ADNOC’s board of directors approved increasing the investments in the emission reduction projects to AED 84 billion…
Featured Terraform Labs files for bankruptcy protection Sama Mousa Jan 22, 2024 0 Terraform Labs filed for Chapter 11 bankruptcy in the United States according to court papers filed on Sunday and…
Featured Sony terminates $10 bln Zee India merger Sama Mousa Jan 22, 2024 0 Japan’s Sony Group said on Monday it has terminated the Zee Entertainment merger worth $10 billion, due to an…
Featured France’s FDJ to acquire Kindred for $2.8 bln Sama Mousa Jan 22, 2024 0 France’s gaming firm La Francaise des Jeux (FDJ) is set to buy Kindred Group in a deal worth $2.8 billion, Reuters…
Featured Tel Aviv airport traffic drops in Q3 ’23 Sama Mousa Jan 21, 2024 0 Airport traffic in Israel’s Tel Aviv dropped during the last three months of 2023 in light of the attacks on Gaza,…
Featured Switzerland, India reach free trade deal Sama Mousa Jan 21, 2024 0 Switzerland and India reach a deal for a free trade agreement after 16 years of negotiations, Bloomberg reported on…
Featured Russia’s Novatek Baltic Sea LNG terminal on fire Sama Mousa Jan 21, 2024 0 Liquified Natural Gas terminal of Russia’s largest LNG producer, Novatek, caught fire on Sunday, Bloomberg…
Money Flexible macroeconomic risk management helps Egypt contain shocks – Maait Sama Mousa Jan 21, 2024 0 Moody’s, global rating agency, maintained Egypt’s sovereign credit rating at Caa1, Egypt’s finance minister Mohamed…
Featured Bosch to cut 1,200 jobs in software division by ’26 Sama Mousa Jan 18, 2024 0 Bosch, the German automotive supplier, will cut 1,200 jobs in the software development division by the end of 2026,…
Featured Meta’s AI-supported Ad campaigns boost returns by 32% Sama Mousa Jan 18, 2024 0 Ads on applications from Meta Platforms Inc. saw an increase in return on spending by an average of 32 per cent,…
Featured Richemont sales in China jump 25%, Europe slips Sama Mousa Jan 18, 2024 0 Richemont, owner of Cartier jewellery, witnessed a hug increase in its sales in China by 25 per cent, while its…
Featured Shell begins layoffs to boost performance Sama Mousa Jan 18, 2024 0 Shell Plc. has started laying off hundreds of employees with some in its low-carbon solutions unit among the first…
Featured Alshaya Group reduces operations in Egyptian market Sama Mousa Jan 18, 2024 0 Kuwait’s Alshaya Group will reduce its operations in Egypt amid the ongoing economic situation, the group said in…
Featured War on Gaza to cost Israel 10% of GDP Sama Mousa Jan 18, 2024 0 The Israeli attacks on Palestinians in Gaza will cost around ten per cent of the Israeli Gross Domestic Product…
Featured Bunker fuel prices soar amid Red Sea diversions Sama Mousa Jan 18, 2024 0 Bunker fuel prices soared in Africa and the Mediterranean amid increasing demand due to the diversions in the Red…
Featured Egypt inaugurates 1st 100% Vietnamese factory Sama Mousa Jan 17, 2024 0 Egypt inaugurated the first factory with 100 per cent Vietnamese investments, with investments worth $30 million in…
Featured Telecom Egypt gets 5G licence Sama Mousa Jan 17, 2024 0 Telecom Egypt received the licence to activate the 5G services on mobile phones, the Egyptian Cabinet said in a…
Featured Hyundai sells China plant for $225 mln Sama Mousa Jan 17, 2024 0 Hyundai Motor Co. sold its plant in China in Chongqing for 1.62 billion yuan ($225 million), less than half the…
Featured Euro area annual inflation up to 2.9% – Eurostat Sama Mousa Jan 17, 2024 0 The Euro area annual inflation rate rose in December 2023 to 2.9 per cent, going up from 2.4 per cent in November,…
Featured iPhone overthrows Samsung as best-seller in ‘23 Sama Mousa Jan 17, 2024 0 Apple’s iPhone overthrew Samsung smartphones and became the best-selling smartphone in 2023, Bloomberg reported on…
Featured Norway oil firms plan 3-year push for Arctic gas Sama Mousa Jan 17, 2024 0 Norway’s oil companies are planning a three-year ramp up in natural gas exploration in the Barents Sea, Reuters…
Featured Nokia to invest $391 mln in Germany Sama Mousa Jan 17, 2024 0 Finland’s Nokia is set to invest 360 million euros ($391 million) in software, hardware, and chip design in…
Featured Tesla cuts Model Y prices in Germany Sama Mousa Jan 17, 2024 0 Tesla Inc. has cut the prices of its Model Y electric vehicle (EV) in Germany, Reuters reported on Wednesday.
News Japan Airlines hires 1st female president Sama Mousa Jan 17, 2024 0 Japan Airlines announced on Wednesday that Mitsuko Tottori, senior managing executive officer, will become the…
Featured S. Arabia eyes investment in semiconductors, space industries Sama Mousa Jan 16, 2024 0 Saudi Arabia’s sovereign wealth fund is set to invest in semiconductor and space industries in 2024 to accelerate…
Featured Lamborghini sells 10,000+ vehicles in ’23 – CEO Sama Mousa Jan 16, 2024 0 Lamborghini, Italy’s luxury carmaker, sold more than 10,000 vehicles for the first time in 2023, Reuters reported,…