McDonald’s shuts US offices temporarily, prepares layoffs
McDonald’s Corp. is temporarily closing down its US offices this week to prepare for informing employees of its…
Oil prices surge after unforssen production cuts
Several Opec Plus countries have announced on Monday their unforeseen decision to cut their oil production, causing…
NBE, Banque Misr collect EGP67bln from CDs
The National Bank of Egypt (NBE) and Banque Misr collected 67 billion Egyptian pounds from the recently issued…
UAE cancels MTS Bank license in fear of sanctions
The United Arab Emirates central bank will be canceling the license given to Russian MTS Bank last year, after…
Microsoft lays off entire AI ethics team
Microsoft waved its entire ethics and society team within the artificial intelligence organisation as part of…
Gulf markets briefing 02/04/2023
The Gulf markets dropped on Sunday, except for the Saudi market, with the Tadawul All Share rising by 0.44 percent.
Norwegian Arctic area to be evacuated due deadly avalanches
Norwegian police announced on Saturday plans to evacuate several parts of the Arctic municipality of Tromsoe…
Biden urges for stricter banking regulations
US President, Joe Biden has urged federal regulators to take more drastic measures and called for tighter…
Egyptian Exchange briefing 02/04/2023
The Egyptian Exchange inclined on Sunday with EGX 30 rising by 1.50 percent to 16,664.80.
QatarEnergy enters maritime exploration in Mauritania with Shell deal
Qatar’s state-owned energy giant QatarEnergy announced on Sunday that it has entered into an agreement with Shell…
