Russia’s Novatek Baltic Sea LNG terminal on fire
Liquified Natural Gas terminal of Russia’s largest LNG producer, Novatek, caught fire on Sunday, Bloomberg…
Author
Flexible macroeconomic risk management helps Egypt contain shocks – Maait
Moody’s, global rating agency, maintained Egypt’s sovereign credit rating at Caa1, Egypt’s finance minister Mohamed…
Bosch to cut 1,200 jobs in software division by ’26
Bosch, the German automotive supplier, will cut 1,200 jobs in the software development division by the end of 2026,…
Meta’s AI-supported Ad campaigns boost returns by 32%
Ads on applications from Meta Platforms Inc. saw an increase in return on spending by an average of 32 per cent,…
Richemont sales in China jump 25%, Europe slips
Richemont, owner of Cartier jewellery, witnessed a hug increase in its sales in China by 25 per cent, while its…
Shell begins layoffs to boost performance
Shell Plc. has started laying off hundreds of employees with some in its low-carbon solutions unit among the first…
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…
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…
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…
Egypt inaugurates 1st 100% Vietnamese factory
Egypt inaugurated the first factory with 100 per cent Vietnamese investments, with investments worth $30 million in…