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Egypt approves 150 MW wind power expansion project
The Egyptian Cabinet approved on Wednesday a proposal from the consortium of Engie, Toyota, and Orascom to expand…
Egypt to boost energy investment, exploration
Prime Minister Mostafa Madbouly underscored the importance of advancing petroleum and gas exploration through the…
Saudi firm to build hydrogen-powered tower in Egypt
Magnom Properties, a subsidiary of Saudi industrial group Rawabi Holding, plans to start construction early next…
URGENT: US real earnings show modest increase in July
US real average hourly earnings for all employees increased by 0.1 per cent from June to July 2024, according to…
Government to restructure struggling industries, no forced closures – PM
Egyptian Prime Minister Mostafa Madbouly emphasised on Wednesday that no industrial facility would be closed…
Fitch downgrades Ukraine’s credit ratings to ‘RD’
Fitch Ratings has downgraded Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'RD' from 'C'.
URGENT: US CPI rises 0.2% in July
The US Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 per cent in July 2024, following a 0.1…
Sterling falls after weaker UK inflation data
The pound sterling fell 0.3 per cent to $1.2827 on Wednesday following weaker-than-expected UK inflation data,…
Egypt targets industrial leadership with strong private sector partnership – PM
Egypt aims to boost its industrial sector by partnering closely with the private sector, Prime Minister Mostafa…
South Africa’s retail sales rise 4.1% in June – data
South Africa's retail trade sales grew by 4.1 per cent year-on-year in June 2024.