China to increase defence budget by 7.2%
China announced on Sunday it is increasing its military expenditure by 7.2 percent, to reach $230bn in the new…
Asian Stock Markets 06/03/2023
The Chinese stock market witnessed a drop in its major index Shanghai Composite (SSEC) by 19 percent to 3,322.03.
Telecom Egypt reports EGP 9.182 net profit in 2022
State-run Telecom Egypt (TE) announced a net profit growth of 9.09 percent year on year (YoY) to record about 9.182…
Egypt’s gold reserves record $7.372bln in February – central bank
Egypt’s gold reserves, a major component of foreign cash reserves reached $7.372 billion at the end of February,…
Egypt’s pound weakens to EGP 100 to Kuwaiti dollar at opening
Egypt’s pound currency fell to surpass EGP 100 against the Kuwaiti dinar for selling at some banks during early…
Egypt sovereign fund expects $4bln Gulf investments
The Sovereign Fund of Egypt (SFE) has expected to attract Gulf investments worth $4 billion within the first…
Former top Credit Suisse shareholder sells full bank stake
American businessman, David Herro, said on Sunday that Harris Associates, one of Credit Suisse’s major…
MSC ISTANBUL container ship refloated after running aground in Suez Canal
A container ship that broke down in Egypt’s Suez Canal late Sunday leading to the diversion of some traffic has…
Goldman Sachs among bidders in $10 bln Subway sale
Goldman Sachs Group Inc. is among the bidders for the U.S. based sandwich chain Subway, with an estimated price of…
Countries reach historic agreement to protect high seas
Around 200 countries at United Nations (UN) headquarters in New York reached an agreement on Saturday evening to…
