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Egypt, Cisco sign AI cooperation agreement
Egypt’s Ministry of Communications and Information Technology (CIT) and Cisco Systems signed a letter of intent to…
Egypt, UAE central banks affirm coordination on Banque Misr branches
The Central Bank of Egypt (CBE) and the Central Bank of the United Arab Emirates (CBUAE) affirmed their full and…
Egypt’s NTRA addresses mobile lines registered without citizens’ knowledge
Egypt’s National Telecommunications Regulatory Authority (NTRA) said citizens whose names are used to register…
Egypt reviews plans to expand 5G, AI, cloud infrastructure
Egypt reviewed plans on Sunday to expand fifth-generation (5G) mobile services, fibre optic networks, artificial…
Egypt’s investment flows are proof of ‘biggest proof of stability, resilience’ – BEBA…
Egypt’s investment inflows are the clearest evidence of its economic stability and resilience, British Egyptian…
Oil prices jump over 3% on Thursday
Oil prices climbed more than 3 per cent on Thursday, extending gains for a fifth straight session as the escalating…
Egypt signs record $3.5bn mobile spectrum deal
Egypt signed on Saturday the largest spectrum deal in the history of its mobile telecommunications sector,…
Egypt’s Social Housing Fund, IDB seal EGP4b mortgage finance cooperation
Egypt’s Social Housing and Mortgage Finance Support Fund signed a cooperation protocol on Wednesday with the…
Egypt launches first AI diploma for banking sector
Egypt’s Central Bank, in collaboration with Newgiza University, has launched the first specialised diploma in…
URGENT: Egypt ends exceptional exemption for imported mobile phones effective 21 Jan
Egypt’s Customs Authority and the National Telecommunications Regulatory Authority (NTRA) announced on Tuesday the…
Egypt’s FRA launches first digital payments network for non-banking financial sector
Egypt’s Financial Regulatory Authority (FRA) on Monday launched the first ever digital payments network for the…
Egypt launches new UPA digital portal
Egypt has launched a new digital portal for the Unified Procurement Authority (UPA) as part of efforts to advance…
Egypt’s Social Housing Fund, SAIB Bank renew financing protocol
Egypt’s Social Housing and Mortgage Finance Fund signed a cooperation protocol with SAIB Bank on Wednesday to…
Oil prices hold near 2-week highs
Oil prices hovered near two-week highs on Monday as expectations of a US Federal Reserve rate cut strengthened the…
Oil prices edge higher on Wednesday
Oil prices edged higher on Wednesday after hitting a one-month low, with Brent crude rising to $62.75 and US West…
Gold prices slide on Thursday
Gold slipped on Thursday as a stronger dollar and reduced expectations of a Federal Reserve rate cut weighed on the…
Egypt’s Digital Pioneers Initiative to train 30,095 young professionals
Egypt’s Ministry of Communications and Information Technology, the Egyptian Military Academy, and the Tahya Misr…
Oil falls over 1% as OPEC+ mulls July output hike
Oil prices dropped more than 1 per cent on Thursday as reports surfaced that OPEC+ may raise production in July,…
EGP closes slightly higher against USD on Tuesday
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
EU car market sees rise of electric, hybrid vehicle
The European Union (EU) had 10.7 million new car registrations in 2023.
Yen weakens as Japan election results raise uncertainty
Japanese yen dropped to a three-month low on Monday after Japan's ruling coalition lost its parliamentary majority…
S. Korea, Indonesia launch local currency framework
Bank Indonesia (BI), the Bank of Korea (BOK), and the Ministry of Economy and Finance (MOEF) have introduced a new…
S. Africa’s rand slightly down on Monday
The South African rand weakened slightly in early Monday trade, with the dollar recovering after last week's dip on…
Oil declines on Tuesday
Oil declined as indicators pointed to a softer market despite heightened geopolitical tensions ahead of an OPEC+…
US surpasses China as Germany’s top trader
The United States has surpassed China to become Germany's primary trading partner in the initial quarter of the…
OECD maintains Indonesia growth outlook for 24-25
The Organisation for Economic Co-operation and Development (OECD) has maintained its growth projections for…
OECD raises US growth forecast for ’24, ’25
The US economy is projected to grow 2.6 per cent in 2024, before slowing to 1.8 per cent in 2025 as the economy…
China’s waterway investment surges in early months
China’s waterway network saw a significant 17 per cent year-on-year increase in fixed-asset investment (FAI) in the…
Taiwan central to continue tightening policies
Taiwan central bank will continue its tightening policy to curb inflation, Reuters reported on Tuesday.
Global cement sector faces urgent calls for policy change to curb emissions
Global cement sector in developing countries faces urgent calls for innovation and policy changes to address its…
Singapore’s PCG plans to reopen $1.42B luxury ski fund in Japan
Singapore-based investor Patience Capital Group (PCG) is considering reopening its $1.42 billion luxury ski project…
Samsung sells entirety of its ASML holding
Samsung Electronics Co. sold the entirety of its remaining stake in ASML Holding NV during the December quarter
Sony plans financial unit IPO in ‘25
Sony Group Corp. announced that it will list its financial arm in October 2025, setting the stage for a significant…
Snap loses ground to bigger competitors
Snap's stock fell 31 per cent on Wednesday as its revenue for the fourth quarter fell short of Wall Street's…
Nigeria devalues currency for 2nd time
Nigeria has drastically devalued its currency for the second time in eight months, to streamline its convoluted…
Japan’s Canon chipmaking tools outperform expectations
Japan's Canon said on Tuesday that it is outperforming expectations with the early interest in its new lithography…
Zimbabwe to implement new measures to save currency
Zimbabwe is about to unveil new measures to support its currency amid the decline in both the official and the…
Google may keep cutting jobs in ’24 – CEO
Google CEO, Sundar Pichai warned employees that more layoffs are likely at the Alphabet-owned company this year.
Shell plans to develop N. Sea gas field
Shell has fanatically approved the development of the Victory gas field in the North Sea, increasing the company's…
Ericsson targets 50% of mobile wallets in Africa
Ericsson AB, a manufacturer of 5G networks globally, is expanding a financial technology company that facilitates…