English

Abu Dhabi Investment Firm Lunate Takes On AI Firm G42’s China Fund

Monday, 08 July 2024 08:16 PM

A new investment vehicle in Abu Dhabi has taken over the management of artificial intelligence firm G42’s China-focused fund, according to people familiar with the matter, keeping the assets in the hands of a powerful member of the emirate’s royal family.

Lucid Shares Jump on Better-Than-Expected Quarterly EV Sales

Monday, 08 July 2024 07:39 PM

Lucid Group Inc. beat expectations for quarterly production and deliveries, sending the automaker’s shares higher as it shook off concerns about a slowdown in the electric-vehicle market.

Turkish Sovereign Wealth Fund Weighing Stake Sale in Turkcell

Monday, 08 July 2024 07:07 PM

Turkey’s sovereign wealth fund is weighing whether to sell its 26.2% stake in Turkcell Iletisim Hizmetleri AS, the country’s biggest telecommunications operator, according to people familiar with the matter.

“Urbnlanes Developments” Forge Strategic Partnership with “Moharram Bakhoum – ACE” for Engineering Consultancy over Levels Business Towers NAC Project in the New Administrative Capital

Monday, 08 July 2024 03:47 PM

Urbnlanes Developments, a leading Kuwaiti real estate firm and a subsidiary of the Emeel Abdalla Investments, has unveiled a strategic partnership with Moharram Bakhoum - ACE Engineering Consultations Company.

CIB Launches the First Private Mastercard World Elite Metal Credit Card in Egypt

Monday, 08 July 2024 03:32 PM

Commercial International Bank (CIB), Egypt’s leading private-sector bank, in collaboration with Mastercard, a global technology company in the payments industry, announces the launch of the new CIB Private Mastercard Metal World Elite Credit Card by invitation only for the bank’s high-net-worth clients within the Private segment.

Madinet Masr Signs MoU with Aboelwafa for Contracting & Real Estate Investment to Carry Out Construction Work at 'Sarai' with EGP 1 Billion Investment

Monday, 08 July 2024 03:25 PM

Madinet Masr, one of Egypt’s leading real estate developers, signed a Memorandum of Understanding (MoU) with Aboelwafa Contracting & Real Estate Investment Company, a leader in the integrated contracting sector, to carry out the construction work of “Sarai” project, which spans 1,330 acres (approximately 5.5 million square meters), with total investments exceeding EGP 1 Bn.

UK to Demand Tata Saves Jobs at Wales Steelworks، Minister Says

Sunday, 07 July 2024 08:49 PM

The UK government will demand that jobs are saved at Tata’s steelworks in Port Talbot, Wales, in exchange for state support for the industry, new Business Secretary Jonathan Reynolds said.

South Africa’s Eskom May Post $825 Million Annual Loss، FT Says

Sunday, 07 July 2024 08:22 PM

South Africa’s state-owned electricity firm Eskom SOC Ltd. may post an annual loss as high as 15 billion rand ($825 million) in the latest year, the Financial Times reported, without saying where it got the information.

UK to Demand Tata Saves Jobs at Wales Steelworks، Minister Says

Sunday, 07 July 2024 05:44 PM

The UK government will demand that jobs are saved at Tata’s steelworks in Port Talbot, Wales, in exchange for state support for the industry, new Business Secretary Jonathan Reynolds said.

France voter turnout high، with far right seeking power

Sunday, 07 July 2024 04:27 PM

Voter turnout in France's parliamentary run-off election on Sunday rose sharply from the last time in 2022 in a ballot that could see the far-right National Rally (RN) emerge as the strongest force.

Hamas drops key demand to accept phased US deal on ceasefire، hostages

Saturday, 06 July 2024 08:33 PM

Hamas has given initial approval for a U.S.-backed proposal for a phased cease-fire deal in Gaza, dropping a key demand that Israel give an up-front commitment for a complete end to the war, a Hamas and an Egyptian official said Saturday.

Reformist Pezeshkian Elected President of Iran: State TV

Saturday, 06 July 2024 06:32 PM

Masoud Pezeshkian, a 69-year-old heart surgeon who wants to revive the nuclear deal with the West, was voted president of Iran following a snap election that underscored major challenges facing the country’s clerical leadership.

Nvidia Creating ‘Huge Bottleneck’ in AI Chip Supply، EU’s Vestager Warns

Friday, 05 July 2024 07:35 PM

European Union competition chief Margrethe Vestager warned of a “huge bottleneck” in Nvidia Corp. AI chips supply, but said watchdogs are still making up their minds about what, if anything, to do about it.

Investors put UK election winner Labour on credibility watch

Friday, 05 July 2024 06:56 PM

The Labour Party's 14-year period in opposition has finally ended with the result of the 2024 General Election, with Keir Starmer starting his term as the new UK Prime Minister.

Israel Weighs Gaza Peace Offer as Hezbollah Fires Rocket Barrage

Thursday, 04 July 2024 06:09 PM

Israel is weighing a new proposal from Hamas that could lead to a cease-fire deal in Gaza, while weathering an intense rocket attack from Hezbollah as fighting escalates across the Lebanese border.

EU Moves Ahead With Provisional Tariffs on China EV Imports

Thursday, 04 July 2024 04:54 PM

The European Union moved ahead with plans to impose provisional tariffs on electric vehicles imported from China that would raise rates to as high as 48%, a step likely to escalate trade tensions with Beijing.

SKY AD. Developments Lays Foundation Stone and Commences Construction of Its Third Egyptian Project، Bluetree

Thursday, 04 July 2024 04:43 PM

SKY AD. Developments, the real estate arm of the esteemed Emirati Diamond Group in Egypt, has commenced construction on the Bluetree project, strategically located in the prestigious Golden Square of New Cairo.

Zelenskiy Says Ukraine Discussing Transit of Azeri Gas to Europe

Wednesday, 03 July 2024 07:09 PM

Ukraine is in talks to send natural gas from Azerbaijan to the European Union as it seeks to maintain its role as a transit country and help western neighbors ensure energy security, President Volodymyr Zelenskiy said.

London’s Sky-High Home Rents Finally Growing Slower Than Wages

Wednesday, 03 July 2024 07:02 PM

London’s home rental crisis showed early signs of easing after a surge in available properties led to the joint-smallest increase in advertised rents across Britain.

Bezos to Sell $5 Billion of Amazon as Shares Hit Record High

Wednesday, 03 July 2024 06:56 PM

Jeff Bezos disclosed a plan to unload 25 million additional shares of Amazon.com Inc. worth $5 billion on the day the stock hit a fresh record.

Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting

Tuesday, 02 July 2024 07:42 PM

Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he wants to see more before being confident enough to start cutting interest rates.

Polestar Plans Cuts as EV Tariffs، Price Pressure Deepen Loss

Tuesday, 02 July 2024 06:01 PM

Polestar Automotive Holding UK Plc is making more cost cuts after losses deepened in the first quarter as tariff barriers grow and price pressures increase for electric-vehicle makers.

Euro zone inflation eases to 2.5% as core print misses estimate

Tuesday, 02 July 2024 05:48 PM

Headline inflation in the euro area dipped to 2.5% in June, the European Union’s statistics agency said Tuesday, while the closely watched core and services prints held steady.

Saudi Arabia’s Nearly $1 Trillion Wealth Fund Swings to Profit

Tuesday, 02 July 2024 05:26 PM

Saudi Arabia’s sovereign wealth fund swung to a profit in 2023, driven by a rally in global markets that also helped cement its position as one of the biggest state-backed investors in the Middle East.

Mideast Domination of Sovereign-Backed Deals at 15-Year High

Monday, 01 July 2024 08:37 PM

Middle Eastern sovereign wealth funds accounted for more than half the value of all deals done by global state-backed investors this year, highlighting the oil-rich nations’ growing domination at a time when many peers are reducing spending.

Norway Restricts Arctic Property Sale Citing National Security

Monday, 01 July 2024 06:14 PM

Norway’s government ordered that any negotiations or agreements on the sale of a parcel of private land on the Arctic islands of Svalbard have to be cleared by the state in advance.

Macron and French Left-Wing Rivals Race to Stop Far-Right Rise

Monday, 01 July 2024 06:07 PM

French President Emmanuel Macron’s centrist alliance and the left-wing New Popular Front are weighing whether to pull candidates from the second round of the legislative election on Sunday to keep the ascendant far right out of power.

bp joins forces with Masdar، Hassan Allam Utilities and Infinity Power to explore green hydrogen development in Egypt

Monday, 01 July 2024 05:53 PM

bp has entered into a Joint Development Agreement (JDA) to join the existing consortium comprising of Masdar, Hassan Allam Utilities and Infinity Power to explore the potential development of a multi-phase green hydrogen (gH2) project in Egypt.

Ericsson Mobility Report: 5G driving change in service providers’ FWA strategies

Monday, 01 July 2024 05:37 PM

Fixed Wireless Access (FWA) continues to grow in strength as a 5G use case for communications service providers (CSPs) globally with a sharp increase over the past year in the number of CSPs offering the service. The details, alongside Ericsson’s latest mobile industry forecasts, regional breakdowns and customer case studies, feature in the June 2024 Ericsson (NASDAQ: ERIC) Mobility Report.

Jumia Transforms Customer Experience with Sprinklr's AI-Powered Platform

Monday, 01 July 2024 05:25 PM

Jumia, Africa’s leading e-commerce platform, announces a successful partnership with Sprinklr to elevate customer experience (CX) across its diverse user base.

English

Abu Dhabi Investment Firm Lunate Takes On AI Firm G42’s China Fund

Lucid Shares Jump on Better-Than-Expected Quarterly EV Sales

Turkish Sovereign Wealth Fund Weighing Stake Sale in Turkcell

“Urbnlanes Developments” Forge Strategic Partnership with “Moharram Bakhoum – ACE” for Engineering Consultancy over Levels Business Towers NAC Project in the New Administrative Capital

CIB Launches the First Private Mastercard World Elite Metal Credit Card in Egypt

Madinet Masr Signs MoU with Aboelwafa for Contracting & Real Estate Investment to Carry Out Construction Work at 'Sarai' with EGP 1 Billion Investment

UK to Demand Tata Saves Jobs at Wales Steelworks، Minister Says

South Africa’s Eskom May Post $825 Million Annual Loss، FT Says

UK to Demand Tata Saves Jobs at Wales Steelworks، Minister Says

France voter turnout high، with far right seeking power

Hamas drops key demand to accept phased US deal on ceasefire، hostages

Reformist Pezeshkian Elected President of Iran: State TV

Nvidia Creating ‘Huge Bottleneck’ in AI Chip Supply، EU’s Vestager Warns

Investors put UK election winner Labour on credibility watch

Israel Weighs Gaza Peace Offer as Hezbollah Fires Rocket Barrage

EU Moves Ahead With Provisional Tariffs on China EV Imports

SKY AD. Developments Lays Foundation Stone and Commences Construction of Its Third Egyptian Project، Bluetree

Zelenskiy Says Ukraine Discussing Transit of Azeri Gas to Europe

London’s Sky-High Home Rents Finally Growing Slower Than Wages

Bezos to Sell $5 Billion of Amazon as Shares Hit Record High

Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting

Polestar Plans Cuts as EV Tariffs، Price Pressure Deepen Loss

Euro zone inflation eases to 2.5% as core print misses estimate

Saudi Arabia’s Nearly $1 Trillion Wealth Fund Swings to Profit

Mideast Domination of Sovereign-Backed Deals at 15-Year High

Norway Restricts Arctic Property Sale Citing National Security

Macron and French Left-Wing Rivals Race to Stop Far-Right Rise

bp joins forces with Masdar، Hassan Allam Utilities and Infinity Power to explore green hydrogen development in Egypt

Ericsson Mobility Report: 5G driving change in service providers’ FWA strategies

Jumia Transforms Customer Experience with Sprinklr's AI-Powered Platform

Green

وزير الخارجية والهجرة يستقبل أمين عام رئاسة الجمهورية الموريتانية

رئيس شركة «المقاولون العرب» يستقبل وزيرة الإسكان الكينية

دي دي مصر تُشارك في المنتدى الحضري العالمي 2024 برحلات خاصة مخفضة

المتحدث العسكري: إستشهاد ضابطين إثر سقوط طائرة هليكوبتر بالشلوفة أثناء التدريب نتيجة عطل فنى

«نايا» للتطوير العقاري تعلن عن توسعات جديدة داخل «نايا ويست» بالشيخ زايد الجديدة

تطوير مصر راعياً رسمياً للدورة الثانية عشرة للمنتدى الحضري العالمي

الأكثر قراءة

سعر الحديد والأسمنت اليوم الثلاثاء 5 - 11 – 2024 في السوق المصري

أسعار الدواجن وكرتونة البيض اليوم الثلاثاء 5 - 11 – 2024 في السوق المصري

وزير الإسكان:الأحد المقبل..تسليم دفعة جديدة من وحدات "سكن مصر" للفائزين بها بمدينة القاهرة الجديدة

أسعار الذهب في مصر اليوم الثلاثاء 5 نوفمبر 2024.. عيار 21 يسجل هذا الرقم

أسعار الدولار مقابل الجنيه المصري اليوم الثلاثاء 5 نوفمبر 2024

المنتدى الحضري العالمي.. الاتفاق على تنظيم معرض للأسر المنتجة المصرية في الدوحة

حوارات

وزير الخارجية والهجرة يستقبل أمين عام رئاسة الجمهورية الموريتانية

رئيس شركة «المقاولون العرب» يستقبل وزيرة الإسكان الكينية

دي دي مصر تُشارك في المنتدى الحضري العالمي 2024 برحلات خاصة مخفضة

المتحدث العسكري: إستشهاد ضابطين إثر سقوط طائرة هليكوبتر بالشلوفة أثناء التدريب نتيجة عطل فنى

«نايا» للتطوير العقاري تعلن عن توسعات جديدة داخل «نايا ويست» بالشيخ زايد الجديدة

تطوير مصر راعياً رسمياً للدورة الثانية عشرة للمنتدى الحضري العالمي

تسويق و مزادات

وزير الخارجية والهجرة يستقبل أمين عام رئاسة الجمهورية الموريتانية

رئيس شركة «المقاولون العرب» يستقبل وزيرة الإسكان الكينية

دي دي مصر تُشارك في المنتدى الحضري العالمي 2024 برحلات خاصة مخفضة

المتحدث العسكري: إستشهاد ضابطين إثر سقوط طائرة هليكوبتر بالشلوفة أثناء التدريب نتيجة عطل فنى

«نايا» للتطوير العقاري تعلن عن توسعات جديدة داخل «نايا ويست» بالشيخ زايد الجديدة

تطوير مصر راعياً رسمياً للدورة الثانية عشرة للمنتدى الحضري العالمي

أصول TV

وزير الخارجية والهجرة يستقبل أمين عام رئاسة الجمهورية الموريتانية

رئيس شركة «المقاولون العرب» يستقبل وزيرة الإسكان الكينية

دي دي مصر تُشارك في المنتدى الحضري العالمي 2024 برحلات خاصة مخفضة

المتحدث العسكري: إستشهاد ضابطين إثر سقوط طائرة هليكوبتر بالشلوفة أثناء التدريب نتيجة عطل فنى

«نايا» للتطوير العقاري تعلن عن توسعات جديدة داخل «نايا ويست» بالشيخ زايد الجديدة

تطوير مصر راعياً رسمياً للدورة الثانية عشرة للمنتدى الحضري العالمي