English

Suspected Foreign Agitators Boost UK Extremists to Inflame Riots

Wednesday, 07 August 2024 06:51 PM

Suspected foreign state-backed actors and UK domestic extremists have coalesced online to stoke racism and incite violence across the UK, taking advantage of services from TikTok to the messaging service Telegram.

As riots and disorder spread، some countries warn their citizens about traveling to the UK

Tuesday, 06 August 2024 07:09 PM

A number of countries have now issued travel and safety warnings to their citizens living or visiting the U.K. as riots and street disorder continue to plague the country.

Kenvue Beats Sales Estimates، Bucking Consumer Goods Trend

Tuesday, 06 August 2024 05:32 PM

Kenvue Inc., the owner of the Tylenol and Neutrogena brands, reported sales that topped estimates, bucking a trend among its peers.

Aramco Keeps $31 Billion Dividend in Key Payout for Kingdom

Tuesday, 06 August 2024 05:25 PM

Aramco maintained its quarterly dividend at $31 billion despite lower profit as the payout becomes increasingly crucial for Saudi Arabia’s government in its multitrillion-dollar economic makeover plan.

Empire State Development’s COB: We aim to invest 17 billion L.E in the market within a few years

Tuesday, 06 August 2024 12:07 AM

Mostafa Mohsen, Chairman of the Board of Directors of Empire State Developments (ESD), said that his company is studying a many investment projects in East and West Cairo, to choose the best companies to establish, and a direction to invest in the Administrative Capital -East Cairo- “due to the value of investment

Tharaa Developments begins operations in Egyptian market with two projects worth EGP 22bn

Monday, 05 August 2024 07:25 PM

Tharaa Developments kicks off with two projects in North Coast and New Sheikh Zayed with EGP 22bn investments

‏Global Praise for Egyptian Outfit for Olympic Champions on Social Media

Monday, 05 August 2024 07:20 PM

The Sigma Fit World of Champions' Initiative to Support Athletes, led by Nasser Ibrahim, Chief Marketing Officer at Sigma Fit, to support Olympic champions with sportswear made in Egypt, has received wide acclaim worldwide.

Aramco Investors Miss Rally in Oil Stocks After Output Cuts

Monday, 05 August 2024 06:47 PM

In a year when shares of some major oil producers have hit records, Saudi Aramco’s stock has gone the other way.

Euro Zone’s Big Growth Laggard Has a Lot of Cheery Consumers

Sunday, 04 August 2024 08:02 PM

Some of the euro zone’s most upbeat consumers can be found in one of the region’s most sickly economies — Germany.

IL Cazar Achieves EGP 9.8 bn Sales and Reservations from Its Flagship Project Safia، Ras El-Hekma During 3 Days

Sunday, 04 August 2024 05:13 PM

The leading real estate company, IL Cazar proudly,announces the achievement of EGP 9.8 billion in sales and reservations for its new coastal project, Safia Ras El-Hekma, in just 3 days of the project launch, following the announcement that took place two months ago. This accomplishment highlights the great trust that clients have in IL Cazar and its high-end real estate products.

MG DEVELOPMENTS signed a contract with Infinity to launch electric car charging stations in its projects

Sunday, 04 August 2024 05:04 PM

MG DEVELOPMENTS announced signing a contract with Infinity Egypt's leading renewable energy company and electric vehicle charging provide, to establish and operate electric car charging stations in the company's projects, among the company's plans to enhance environmental sustainability and keep pace with global developments in real estate projects.

Israel Stocks Plunge on Global Market Selloff and Iran Threat

Sunday, 04 August 2024 04:53 PM

Israeli shares fell sharply on Sunday, catching up with weakness in world markets and reflecting the continued threat of attacks from Iran and its regional proxies.

Endeavour Maintains Gold Production Target Amid Senegal Strike

Saturday, 03 August 2024 06:53 PM

Endeavour Mining Plc said a strike at the Sabodala-Massawa mine in Senegal isn’t expected to impact its gold output target this year, after the stoppage entered a second day.

China Rolls Out Action Plan on Boosting Domestic Consumption

Saturday, 03 August 2024 06:01 PM

China’s government on Saturday laid out its priorities to spur consumer spending as weak domestic demand continues to weigh on growth.

UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners

Friday, 02 August 2024 07:16 PM

Britain’s major high street lenders have begun slashing their mortgage rates in a sign that financial pressure on households may be easing after the Bank of England cut interest rates for the first time in over four years.

US Unemployment Rate Rises Again، Cementing Path to Fed Rate Cut

Friday, 02 August 2024 06:22 PM

US hiring slowed markedly in July and the unemployment rate rose to the highest level in nearly three years, suggesting a faster deterioration in the labor market than previously thought and putting the Federal Reserve solidly on a path to cutting interest rates in September.

Bank of England cuts interest rates for first time in over four years

Thursday, 01 August 2024 06:21 PM

The Bank of England on Thursday delivered its first interest rate cut in more than four years, taking the key rate to 5%.

Maersk Boosts Full Year Guidance Amid Supply Chain Disruptions

Thursday, 01 August 2024 06:14 PM

A.P. Moller-Maersk A-S, a bellwether for global trade, increased its full year guidance due to higher freight rates caused by continued supply chain disruptions following attacks in the Red Sea.

Top Kuwaiti Islamic Banks Eye Deal to Create $50 Billion Lender

Wednesday, 31 July 2024 07:45 PM

Two of Kuwait’s largest Islamic lenders are considering a merger that would create a regional banking behemoth with more than $50 billion in assets.

Zambia Turns to Consumers to Add Solar Power Generation

Wednesday, 31 July 2024 07:38 PM

Zambia will start a program on Aug. 1 that allows electricity customers to feed power into the national grid, contributing to supply and encouraging the increased use of solar panels.

Startup Building Theaters for Sports Valued at Over $1 Billion

Wednesday, 31 July 2024 07:32 PM

Cosm, a company that builds giant theaters for watching sports, raised $250 million from a group that includes billionaires Steve Winn, David Blitzer, Marc Lasry and Dan Gilbert.

Alameda Healthcare Group Announces Partnership with Dell Technologies to Launch State-of-the-Art Data Center in Cairo

Wednesday, 31 July 2024 04:04 PM

Alameda Healthcare Group is thrilled to announce a partnership with Dell Technologies, a global leader in technology solutions, to revolutionize digital health services in Egypt. This strategic alliance will elevate patient care standards, setting a benchmark for regional healthcare excellence.

UAE set to welcome even more millionaires as wealthy individuals abandon the UK

Tuesday, 30 July 2024 07:51 PM

The United Arab Emirates is on track to be the world’s top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report.

New Jersey Developments unveils latest progress and launches 'Jamila North Coast’ with an EGP 50 billion investment as part of its expansion in Egypt

Tuesday, 30 July 2024 07:43 PM

New Jersey Developments has unveiled its latest prestigious residential project, Jamila, on the North Coast, with initial investments up to EGP 50 billion.

French Farmers Facing ‘Catastrophic’ Harvest Seek State Help

Tuesday, 30 July 2024 07:38 PM

French farmers are calling on the government to provide financial aid as there’s a high risk that this year’s wheat harvest will be the lowest in at least a decade because of heavy rains.

Dahab Masr Adopts E-KYC Technology to Protect Investor Data in the Gold Sector

Tuesday, 30 July 2024 05:57 PM

In a new move to develop the Egyptian gold market, Dahab Masr Investment Group has adopted the electronic Know Your Customer (E-KYC) technology provided by Valify Solutions, a company specialized in digital identity infrastructure technology.

PLD Development launches Q Mall project in west Cairo with EGP 1.5bn investments

Monday, 29 July 2024 08:56 PM

PLD Development has announced the launch of its new project in west Cairo, covering an area of 4,000 sqm, with a total investment of EGP 1.5bn. This move is part of the company's strategy to seize exceptional investment opportunities in prime locations, offering them to clients through mechanisms that ensure the highest return on investment.

World Cup Borrowing Binge Leaves Qatar’s Banks Grappling With Losses

Monday, 29 July 2024 07:00 PM

It’s been almost two years since Qatar hosted the World Cup and the euphoria is fading as state-backed lenders that helped finance everything from highways and hotels to stadiums and sewage systems grapple with rising loan losses.

Pakistan Cuts Rates as Policymakers Try to Revive Economy

Monday, 29 July 2024 06:52 PM

Pakistan cut its benchmark interest rate for a second consecutive meeting as slowing price gains give policymakers room to focus on shoring up growth in the cash-strapped South Asian nation.

French Internet Lines Cut in Latest Attack During Olympics

Monday, 29 July 2024 06:31 PM

A number of fiber optic cables carrying broadband service across France were cut overnight in the latest attack on the country’s infrastructure during the Olympic Games.