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Afreximbank provides Egypt’s CIAF Leasing with $44m aircraft financing facility
The African Export-Import Bank (Afreximbank) has provided Egypt-based CIAF Leasing with a $44 million aircraft…
TikTok targets $20 bln in e-commerce business in 2023
ByteDance-owned TikTok seeks more than quadruple the size of its worldwide e-commerce operations to $20 billion in…
UK to host first global summit on AI safety
Britain will organise and host the first major global summit on artificial intelligence (AI) safety, as the world…
Reddit to lay off about 5% of its workforce
Reddit is laying off about five percent of its workforce, or 90 employees, joining a list of technology companies…
Egyptian Exchange market briefing 07/06/2023
The Egyptian Exchange closed low on Wednesday with the main index, EGX 30, falling by -0.82 percent to 17,347.57.
Australian consortium to launch $875 mln phosphoric acid production plant in Egypt
An Australian consortium comprised the Wesson Group, and WesTech Group consortium will establish a company named…
Arab Contractors signs contract to implement 4 infrastructure projects in Angola
The Arab Contractors Company has signed a partnership contract with one of the major Angolan companies, to study…
Egypt raises natural gas purchase price in Western Sahara
The Egyptian government has approved raising the natural gas purchase price that produced from Western Sahara…
Egypt may attend International Medical Supply Conference
Egypt is expected to accept UNICEF’s invitation to attend the International Medical Supply Conference in Copenhagen…
Russia participates for the first time in Africa Health ExCon
Moscow’s government is participating in the second edition of Africa Health ExCon, making it the country’s first…