Ericsson targets 50% of mobile wallets in Africa
Ericsson AB, a manufacturer of 5G networks globally, is expanding a financial technology company that facilitates…
PLASTEX 2024 opens in Cairo
Egypt’s Minister of Industry and Trade Ahmed Samir and Minister of Environment Yasmine Fouad have inaugurated on…
Samsung ’23 Q4 profits drop 35%
Samsung net profits for Quarter four (Q4) of 2023 dropped by 35 per cent as weak consumer demand persists, Reuters…
EGX closes mixed on Jan. 8
Egypt’s stock market closed mixed on Monday. The main index EGX30 dropped by 0.02 per cent to 25344.63 and EGX70…
Boeing shares tumble amid FAA MAX groundings
Boeing’s shares fell by 8 per cent in early-hour trading, amid the Federal Aviation Administration (FAA) orders of…
ECB unlikely to cut rates before summer – Vujcic
The European Central Bank (ECB) probably will not cut rates before the summer, Bloomberg reported, citing Governing…
Nigeria’s central bank pays $2 bln to clear FX backlog
The Central Bank of Nigeria settled matured foreign exchange contracts by paying lenders about $2 billion of what…
EGP 965 mln deal to double Alexandria overhead line
The Egyptian Electricity Transmission Company (EETC) signed a contract with Madkour Projects Company on Monday for…
France aims to resolve hydroelectric dispute with EU
France is drafting a law to reform the country's hydroelectric infrastructure to settle a dispute with the European…
Brazil cuts Amazon deforestation by half in 2023
Deforestation in the Brazilian Amazon decreased by half last year, according to figures released on Friday by the…
