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Investment
Microsoft could buy TikTok for as much as $30 billion
Microsoft plans to finish its acquisition talks with TikTok within the next three weeks ahead of the Sept. 15…
China’s exports increase 7.2% Y-o-Y in July due to demand for medical supplies
China’s dollar-denominated exports rose 7.2 percent while imports fell 1.4 percent from a year ago, data from the…
Trump issues executive orders banning transaction with WeChat,TikTok in 45 days
President Donald Trump issued executive orders banning U.S. transactions with Chinese tech firms Tencent and…
New Suez Canal revenues record $27.2bn in five years
A total of 90,000 ships have passed through the New Suez Canal, with a net tonnage of 5.5bn tonnes, recording total…
Egypt, Greece sign maritime demarcation agreement
Egypt signed a maritime demarcation agreement with Greece to set up an exclusive economic zone.
Egypt’s GASC gets offers in wheat bids for Sept. shipment – traders
Egypt's General Authority for Supply Commodities (GASC) on Wednesday received offers for wheat in an international…
Egypt may lose out on tourism revenues worth more than 2% of its GDP during 2020: IMF
Egypt could lose out on tourism revenues worth more than 2 percent of its GDP this year due to global travel…
Egypt’s food exports increase 2.2% to record $1.8bn in H1-20
Egypt’s food exports increased by 2.2% year-on-year (YoY) to $1.8 billion during the first half (H1) of 2020.
B Investments in talks to sell 20% of stake in Total Egypt
B Investments Holdings, a top-tier private equity firm, has started initial negotiations to sell 20 percent of its…
Centamin earnings jump on strong gold prices, higher Egypt mine output
Gold miner Centamin Plc reported higher first-half pretax profit, buoyed by increased output from its Sukari mine…
