URGENT: Eni reaches FID for Cyprus’ Cronos gas project linked to Egypt
Eni has reached the final investment decision (FID) to develop Cyprus' Cronos gas field. Production is set to begin…
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Egypt sees role linking Caspian energy supplies to Europe – minister
Egypt is well-positioned to help connect energy supplies from the Caspian region to European markets, Petroleum…
Egypt, UAE’s K&K Group sign deal for final studies on Egypt–Europe power link via…
Egypt’s state-owned electricity transmission company signed an agreement on Wednesday with UAE-based K&K Group…
Egypt, Singapore eye stronger investment ties – Cabinet
Egypt and Singapore pledged to deepen economic and investment cooperation during a meeting between Investment and…
Egypt, Cyprus move to fast-track Cronos gas field link by 2027
Egypt and Cyprus agreed on Tuesday to speed up plans to connect Cyprus’s Cronos natural gas field to Egyptian…
Egypt Electricity Min. follows up power link with Greece
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, held talks on Wednesday with Dimitris…
EU warns of retaliation after Trump doubles steel tariffs
The European Commission said Europe was prepared to impose countermeasures after US President Donald Trump…
Egypt, Sweden sign agreement to boost public transport
Egypt and Sweden have signed a Letter of Intent (LoI) for cooperation in supporting capacity building, training,…
Outsourcing provider Intelcia inaugurates regional HQ in Egypt
Egypt’s Minister of Communications and Information Technology Amr Talaat inaugurated the new regional headquarters…
Japan’s export growth slows in March
Japan’s exports rose 3.9 per cent year-on-year (YoY) in March, falling short of the 4.4 per cent forecast, as new…
China resells US LNG
Chinese buyers of US liquefied natural gas (LNG) are increasingly reselling cargoes to Europe as tariffs imposed by…
Fitch: US tariffs to hit revenue, profit growth across European sectors
Newly imposed US tariffs—20 per cent on EU goods and 10 per cent on UK imports—will dampen revenue and profit…
Bitcoin recovers amid softer US inflation
Bitcoin rose 1.8 per cent to $83,511.6 on Thursday, recovering further from recent losses as softer-than-expected…
Minister Al-Mashat: Egypt’s economy on ‘more predictable’ growth path
Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat stated on Tuesday…
Egypt’s Transport Ministry highlights Ro-Ro’s role in Egypt’s logistics growth
Egypt’s Ministry of Transport has renewed its call for local industries, exporters, importers, and businessmen to…
Egypt’s SCzone witnesses launch of $38m electronics project
Egypt's General Authority of the Suez Canal Economic Zone (SCzone) witnessed the groundbreaking for an electronics…
Kraft Heinz plans expansion in Egyptian market
Egypt's Minister of Agriculture and Land Reclamation, Alaa Farouk, held a meeting on Thursday with a delegation…
Europe’s gas reserves depleted as cold weather boosts demand
Europe is rapidly depleting its gas reserves amid cold weather, with storage levels now just over 70 per cent full,…
Spain’s manufacturing sector ends ’24 on a high note – PMI
Spain’s manufacturing sector showed resilience in December, with the HCOB Spain Manufacturing PMI rising to 53.3,…
ECB’S Knot: Tariffs could push China to undercut prices in Europe
European Central Bank Governing Council member Klaas Knot has warned that China may begin selling its products to…
Global property reinsurance rates to drop for 2024
Global property catastrophe reinsurance rates are expected to decline by 5 per cent to 15 per cent on January 1 for…
Qatar warns EU over gas supplies amid new forced labour law
Qatar's Energy Minister Saad al-Kaabi stated that the country would halt gas shipments to the EU if member states…
VW averts closures, announces workforce reductions
Volkswagen announced on Friday a comprehensive restructuring plan that includes 35,000 future job cuts and reduced…
BP, Japan’s Jera to merge offshore wind operations by ’30
BP Plc and Japan’s Jera Co. announced plans to merge their offshore wind operations into a joint venture named JERA…
Germany’s Scholz urges VW to avoid factory closures
German Chancellor Olaf Scholz urged Volkswagen AG to reconsider plans to shut down factories, stressing the…
ECB rate cut ‘conceivable’ this month – Holzmann
European Central Bank (ECB) policymaker Robert Holzmann stated that a 25 basis point interest rate cut is…
Europe’s largest pension fund expands mortgage portfolio
Stichting Pensioenfonds ABP, Europe’s largest pension fund, announced on Monday that it had acquired a €2.7 billion…
US-EU trade war “Lose-Lose” situation – ECB’s De Guindos
A trade war sparked by retaliatory tariffs between the US and Europe would harm the global economy, European…
ECB poised for further rate cuts, policymakers forecast
The European Central Bank (ECB) is expected to cut interest rates again in December, with policymakers aiming to…
EIB allocates €430m loan to boost Europe’s green transition
The European Investment Bank (EIB) is providing a €430 million loan to SKF, a Sweden-based global leader in…
Taiwan’s president calls for EU economic partnership
Taiwan President Lai Ching-te urged the European Union (EU) to sign an economic partnership agreement to enhance…
European gas storage levels remain high
Gas withdrawal from European underground storage facilities has decreased slightly, but still surpasses the…
EU invests €133m in Dutch photonic chip facilities
The European Union (EU) will invest €133 million ($142 million) in the Netherlands to develop pilot production…
ADB approves loan for road project in Kazakhstan
The Asian Development Bank (ADB) approved a $291.49 million local currency loan for the reconstruction of 208…
Deloitte launches innovation hub in Cairo
Deloitte inaugurated its first Innovation Hub in Cairo, a $30 million investment aimed at delivering advanced…
EU earmarks over €380m to LIFE projects for Europe green transition
The European Commission has announced over €380 million in funding for 133 new projects across Europe under the…
UBS adjusts sustainable product terminology
UBS Group AG is advising its bankers to reconsider how they publicly discuss certain sustainable products,…
S. Africa weighs tax rebates, subsidies to boost EV adoption
South Africa is exploring tax rebates and subsidies to encourage electric vehicle (EV) adoption, President Cyril…
WB head warns of impact of escalating Middle East war on global economy
World Bank President Ajay Banga warned that a wider Israel-Gaza conflict could significantly impact the global…
German manufacturing export conditions drops in Sept.
Germany’s HCOB Manufacturing PMI Export Conditions Index dropped to 49.8 in September, its lowest level in eight…