Money Suez Canal revenues reach $449m in early 2026 – chairman Aya Anwar Feb 8, 2026 0 Egypt’s Suez Canal generated $449 million from the transit of 1,315 vessels carrying 56 million tons in early 2026,…
Featured Egypt scales up drug output, sees $466m in pharma exports by 2029 Aya Anwar May 12, 2025 0 Egypt is accelerating efforts to localise pharmaceutical manufacturing, aiming to boost self-sufficiency, cut…
Banks S. Korea sees biggest foreign outflows since March ’20 Nada Ali Jan 15, 2025 0 South Korea's capital markets saw the biggest foreign outflows in December since March 2020 due to increased…
Banks Indonesia’s c. bank to buy 150t rupiah of state bonds Nada Ali Dec 18, 2024 0 Indonesia's central bank will buy 150 trillion rupiah ($9.3 billion) of state bonds in the secondary market next…
Banks BOK floods market with liquidity amid political turmoil Nada Ali Dec 11, 2024 0 The Bank of Korea (BOK) has significantly increased its liquidity injections into the financial market to stabilise…
Featured UK business optimism hits post-pandemic low, says IoD Aya El Sayed Dec 1, 2024 0 UK's Institute of Directors (IoD) reported on Sunday that optimism among its members has plummeted to the lowest…
Featured Global public debt to exceed $100T by year-end – IMF Aya El Sayed Oct 15, 2024 0 Global public debt is set to exceed $100 trillion, or around 93 per cent of global GDP, by the end of 2024,…
unclassified OECD: Colombia’s economy to grow by 2.8% in ’25 Aya Anwar Sep 18, 2024 0 Colombia's economy is projected to grow by 1.8 per cent in 2024, up from 0.6 per cent in 2023. The OECD expects…
International News India hikes taxes on equity investments, derivatives Nada Ali Jul 23, 2024 0 The Indian Finance Minister Nirmala Sitharaman raised taxes on equity investments and derivatives, causing stock…
Africa News Angola aims to re-enter international bond markets in ’24 Aya Anwar Apr 22, 2024 0 Angola aims to re-enter the international bond markets this year with a $1 billion bond, Finance Minister Vera…
Featured Gulf markets dip as oil declines Aya El Sayed Mar 5, 2024 0 Gulf stock markets were muted in early Tuesday trading due to declining oil prices as China’s economic reforms…
Tech/AI Gold Fields increase production outlook Aya Anwar Feb 22, 2024 0 South African Gold Fields increased its forecast of the amount of gold to be produced in 2024 to between 2.33…
Featured India overtakes H. Kong in global stock market ranking Aya El Sayed Jan 23, 2024 0 Shares listed on Indian exchanges hit a combined value of $4.33 trillion at Monday’s close, surpassing Hong Kong’s…
Featured China’s population shrinks, birth rate drops – NBS Aya El Sayed Jan 17, 2024 0 In 2023, China’s population decreased by 2.08 million, or 0.15%, settling at 1.409 billion, as reported by Reuters…
unclassified Respiratory infections sweep across China Aya El Sayed Nov 27, 2023 0 China's health ministry asked on Monday local authorities to expand the number of fever clinics, as the nation…
Stocks Global stock indexes expected to increase modestly in 2024 Aya Anwar Nov 23, 2023 0 Most key global indexes are predicted to rise next year, while a small majority of stock market experts expected…
Tech/AI Egypt’s tourism revenues hit $13.6bln surpassing pre-COVID levels Sama Mousa Oct 11, 2023 0 Egypt’s tourism sector revenues for the fiscal year 2022-2023 reached $13.6 billion and surpassed its pre-COVID-19…
News Biden to request more funding for new coronavirus vaccine Nada Ali Aug 27, 2023 0 U.S. President Joe Biden said on Friday that the White House would seek additional funding from Congress to develop…
News Kuwait detects EG.5 COVID variant Nada Ali Aug 16, 2023 0 Kuwait's Ministry of Health announced on Tuesday that it had detected the new COVID-19 omicron variant, EG.5,…
Tech/AI Drones to deliver medicines in Dubai Sama Mousa Jun 12, 2023 0 Drones will soon start delivering medicines in Dubai, according to a healthcare leader in the country on Monday.
Africa News President al-Sisi thanks participants in Africa Health ExCon’s success Yassmine Elbehnaihy Jun 6, 2023 0 Egypt's President Abdel Fattah al-Sisi has expressed his gratitude on Tuesday to those who are participating in the…
Africa News AfDB mobilises $2.2 bln for water projects in Egypt Yassmine Elbehnaihy May 24, 2023 0 The African Development Bank Group (AfDB) has mobilised $2.2 billion to fund Egypt’s water desalination and…
Africa News Sisi: Africa needs $200 bln annually for sustainable development Sama Mousa May 23, 2023 0 President Abdel Fattah al-Sisi said on Tuesday that Africa needs $200 billion to annually to reach sustainable…
News IEA foresees oil demand recovery Norhan Adel May 16, 2023 0 The International Energy Agency (IEA) anticipates tight oil markets, contrasting with the current decline in oil…
News Egypt to open its first art hotel in 2024 Sama Mousa May 14, 2023 0 Egypt's Ministry of Tourism and Antiquities has announced on Saturday the opening of Hyatt Centric Cairo West, the…
Africa News Last South African indigenous language speaker fights to preserve it Yassmine Elbehnaihy May 11, 2023 0 Katrina Easu, the last speaker of the South African indigenous hunter gatherer group’s language, N|uu, fights to…
Tech/AI Siemens posts Q2 profit, halts heart surgery robots Norhan Adel May 10, 2023 0 U.S.-German Siemens Healthineers announced on Wednesday it is halting its heart surgery robot business after a 30…
Financial Institutions China’s economy grows by 4.5% in Q1 2023 Sama Mousa Apr 18, 2023 0 China’s economy rose by 4.5 percent in the first quarter of 2023, with the GDP rising by 2.2 percent, due to the…
Financial Institutions IMF team visits Ethiopia to discuss funding programme Yassmine Elbehnaihy Mar 29, 2023 0 International Monetary Fund (IMF) officials are currently visiting Ethiopia for technical discussions to work on an…
International News COVID-19, Ukrainian war affect women more – IMF director Nada Ali Mar 8, 2023 0 Kristalina Georgieva, managing director of the International Monetary Fund (IMF), sent a message in the…
News UN asks rich economies to provide $500bln annually for poor nations Sama Mousa Mar 5, 2023 0 António Guterres, UN Secretary General, condemned on Saturday the rich countries' way of controlling poor countries…
International News China dismisses FBI’s COVID-19 origin theory Norhan Adel Mar 2, 2023 0 China refuted on Wednesday renewed theories by the Federal Bureau of Investigation (FBI) director Christopher Wray,…
Money Toyota Motor production increases by 8.8% in January Sama Mousa Feb 27, 2023 0 Toyota Motor Corporation said on Monday that its vehicle production has leaped by 8.8 percent in January, which…
Egypt News Egypt to host 2nd edition of Africa Health ExCon next June Nada Ali Jan 29, 2023 0 Africa Health ExCon, the largest medical conference and exhibition in the continent, will launch the second edition…
News Egypt welcomes 1st Chinese tourist group since COVID-19 outbreak Nada Ali Jan 23, 2023 0 Egypt’s Cairo International Airport has received the first Chinese tourist group on Friday since the outbreak of…
Featured World economy heads for one of its worst years as 2023 looms: AFP report Nada Ali Dec 7, 2022 0 The world has witnessed a number of crises since the World War two, which have never seen such a complicated…
News Covid-19 infections continue to rise in UK Nada Ali Oct 5, 2022 0 Covid-19 infections in England and Wales are continuing to surge to 14 percent in one week, according to official…
Featured Denmark’s Queen Margrethe’s COVID test positive after attending funeral Esraa Ibrahim Sep 21, 2022 0 Denmark’s Queen Margrethe has tested positive for COVID-19, according to the royal court on Wednesday.
Money UAE’s Majid Al-Futtaim profits rise 18% in H1 2022 – statement Nada Ali Aug 24, 2022 0 Dubai-based Majid Al-Futtaim Group announced that its earnings climbed to Dh1.9 billion ($517.71 million) and…
Leisure Mayo Clinic researchers pinpoint genetic variations that might sway course of COVID-19 Amwal Al Ghad English Aug 11, 2022 0 Researchers at U.S. non-profit organisation Mayo Clinic announced on Thursday that they discovered key human…