Fitch’s downgrade comes amid severe pressure on Egypt’s economy
Egypt’s Minister of Finance, Mohamed Maait has commented on Fitch’s decision to downgrade Egypt from B+ to B,…
Browsing Tag
Russia-Ukraine war
Russia revives Rostic’s amid KFC exit
Former KFC restaurants in Russia will reopen as Rostic’s on Tuesday to revive the Russian brand born after the…
Poland to receive $4 bln nuclear energy fund
Polish energy company Orlen signed an agreement on Monday to develop nuclear power reactors in Poland to generate…
Spain leads off European hydrogen production race
Spain is trying to address challenges to be the pioneer in providing hydrogen for sectors requiring hydrogen for…
French bakeries under threat over energy bills hike
French bakeries are fighting to survive the ongoing inflation in electricity and fuels prices, with a huge threat…
EU reaches deal to raise renewable energy target
European Union (EU) has reached a preliminary agreement on Thursday to boost the dependence on renewable energy…
Gazprom close to maximum gas supply for China
Russian Gazprom company's chairman, Viktor Zubkov said on Wednesday his firm expects to reach the maximum planned…
IMF agrees on $15.6bln loan package to Ukraine
International Monetary Fund (IMF) have announced Tuesday in a statement it agreed on a $15.6 billion loan package…
Coca production reaches record levels: UNODC reports
The Global Report on Cocaine 2023 published by UN Office on Drugs and Crime (UNODC) revealed that “global supply of…
Former Shell CEO pay up 50%
Shell oil industry company announced on Thursday the financial remuneration of Ben van Beurden, the outgoing CEO,…