Osoul Misr

China’s Dream of ‘Powerful Currency’ Runs Into Trump’s Return

16 نوفمبر 2024 06:01 م

China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald Trump’s return looks set to challenge that ambition.

GM Plans to Cut 1,000 Salaried Workers in Bid to Reduce Costs

15 نوفمبر 2024 06:10 م

General Motors Co. will cut about 1,000 salaried workers globally in a move to streamline its operations

Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance

14 نوفمبر 2024 07:07 م

Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to its sprawling social network, the US tech giant’s first ev

Kuwait to Replace Head of Its $1 Trillion Sovereign Wealth Fund

14 نوفمبر 2024 06:55 م

The managing director of Kuwait’s $1 trillion wealth fund is departing after three years, capping a turbulent tenure at the global investor that’s been overshadowed by regional peers who’ve done flash

Fw: Mashreq Expands Global Climb2Change Initiative with Environmental Clean-Up Mission in Egypt‏

13 نوفمبر 2024 08:50 م

Mashreq, a leading financial institution in the MENA region, has announced the launch of its clean-up expedition in Egypt as part of the bank’s global initiative to scale and clean up 14 mountain s

Turkish Housing Market Roars Back as Rent Cap Lift Drives Demand

13 نوفمبر 2024 07:44 م

Turkey’s housing market is roaring back, spurred by the government’s removal of a rent cap earlier this year.

Mastercard collaborates with Tap Payments on first global launch of ‘Click to Pay’ with Payment Passkey service for ecommerce

13 نوفمبر 2024 07:03 م

Mastercard has partnered with Tap Payments, one of the leading payment institutions and technology providers in the Middle East and North Africa, to introduce a global-first Click to Pay with Payment

محادثات «كوب 29» تفضي إلى رفع تمويل المناخ لمساعدة الدول الفقيرة على خفض الانبعاثات

12 نوفمبر 2024 08:59 م

أعلنت أكبر بنوك التنمية المتعددة الأطراف في العالم عن هدف جديد يوم الثلاثاء في محادثات COP29 في أذربيجان لجمع 120 مليار دولار لتمويل المناخ السنوي للدول النامية بحلول نهاية العقد، بحسب وكالة بلومبرج.

Saudi Finance Firm Gets $35 Billion in Orders for $264 Million IPO

12 نوفمبر 2024 08:23 م

Investors put in 131 billion riyals ($34.8 billion) of orders for the initial public offering of a Saudi Arabian financial services firm, in the latest example of strong demand for share sales in the

EU’s Kallas Backs Tapping Russian Assets Directly to Aid Kyiv

12 نوفمبر 2024 07:07 م

The nominee for the European Union’s top foreign policy post said the bloc should tap some $300 billion in frozen Russian assets directly to fund the rebuilding of war-battered Ukraine.

GlobalCorp for Financial Services Announces EGP 800 million Increase in Paid-In Capital Driving Further Strategic Expansion and Market Positioning in Egypt

12 نوفمبر 2024 05:58 م

GlobalCorp Group (GC-Group), a leading Egyptian Non-Banking Financial Services Group, today announced a significant increase in its issued and paid-in capital, reflecting the company’s robust growth a

China Seen Countering Trump Tariffs With Stimulus, Weaker Yuan

12 نوفمبر 2024 05:45 م

China may embrace greater stimulus, bolster manufacturing, and allow the yuan to weaken to offset the negative effects of a second Trump presidency on the Chinese economy, analysts said.

كييف تمضي قدمًا في الحصول على قرض من صندوق النقد برغم التخلف عن التزامات

11 نوفمبر 2024 08:57 م

بدأ صندوق النقد الدولي أحدث تقييم لبرنامج قروضه مع أوكرانيا، حتى مع تأجيل كييف لتمرير التشريعات الضريبية كما يتوقع المقرض، بحسب وكالة بلومبرج.

IMF Begins Review of Latest Ukraine Loan as Kyiv Delays Tax Hike

11 نوفمبر 2024 08:40 م

The International Monetary Fund began its latest assessment of its loan program with Ukraine, even as Kyiv delays passing tax legislation as the lender

Orascom Development Egypt has released its consolidated results for Q3 2024

11 نوفمبر 2024 05:39 م

ODE reported remarkable results during 9M 2024: real estate sales reached a record EGP 23.1 billion, a 77% increase. Revenues surged by 49% to EGP 15.5 billion, and despite EGP 2.1 billion in FX losse

Madinet Masr Reports Results for 9M 2024

11 نوفمبر 2024 05:32 م

Madinet Masr, one of Egypt’s leading urban community developers, announced on 10 November 2024 its standalone financial results for the nine-month period ended 30 September 2024 (9M 2024)

Valero Developments launches with a strong strategy, unveils first real estate project

11 نوفمبر 2024 05:12 م

With an innovative strategy geared toward current and future trends in real estate development, Valero Developments has officially launched its operations, marking the beginning of a promising venture

Saudi Arabia needs 115,000 new homes each year

11 نوفمبر 2024 03:44 م

More than 115,000 new homes are needed each year up to 2030 to satisfy demand from Saudi nationals, research showed on Monday.

Delivery Hero to Pursue IPO of 15% of Talabat Unit in Dubai

10 نوفمبر 2024 08:46 م

Delivery Hero SE unveiled plans to list its Talabat unit in Dubai in what could be among the region’s biggest initial public offerings of the year.

Bitcoin Reaches $80,000 for First Time on Optimism Over Trump

10 نوفمبر 2024 04:58 م

Bitcoin rallied past $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.

Jumia Egypt Partners with Premium Card to support e-commerce growth in Egypt

10 نوفمبر 2024 04:30 م

The collaboration to offer consumers diverse payment solutions and flexible installment plans of up to 30 Months through JumiaPay

Misr Italia Properties Launches Fourth Floor Offices at Cairo Business Park with Delivery Set for 2026

10 نوفمبر 2024 04:22 م

Misr Italia Properties (MIP) announced the launch of new fourth-floor office spaces across three buildings at Cairo Business Park, East Cairo's premier destination for business, art, culture, innovati

Beltone Holding Concludes its First AI Hackathon in Partnership with the Mathematics, Actuarial and Data Science Association at AUC

10 نوفمبر 2024 04:14 م

Beltone Holding has successfully concluded its first AI Hackathon, in collaboration with the Mathematics, Actuarial, and Data Science Association (MADS) at the American University in Cairo (AUC).

Qatar withdraws as mediator between Israel and Hamas, reports say

09 نوفمبر 2024 07:31 م

Qatar has withdrawn as a mediator in ceasefire and hostage release talks between Israel and Hamas, reports say.

Elon Musk's net worth crosses $300B as Trump bet pays off

09 نوفمبر 2024 05:42 م

Elon Musk's net worth has crossed $300 billion for the first time in nearly three years, as shares of Tesla soared on hopes that his support for President-elect Donald Trump would pay off for the com

China Unveils $1.4 Trillion Debt Swap, Saves Stimulus for Trump

08 نوفمبر 2024 05:43 م

China gave indebted local governments a 10 trillion yuan ($1.4 trillion) lifeline but stopped short of unleashing new stimulus, preserving room to respond to a potential trade war when Donald Trump ta

City Edge Developments Launches Two New Phases, “Verandas” and “Centria,” at New Garden City in the Heart of the New Administrative Capital

08 نوفمبر 2024 03:54 م

In a demonstration of its dedication to fostering real estate investment in Egypt, City Edge Developments has unveiled the launch of two new phases, “Verandas” and “Centria,” within the esteemed New G

Mortgage rates jump for the sixth-straight week

07 نوفمبر 2024 07:44 م

Borrowing money to buy a home in the US has become more expensive for each of the past six weeks, even as the Federal Reserve is expected to announce another interest rate cut later Thursday.

Xi Calls for Closer Ties With Malaysia on New Energy, AI

07 نوفمبر 2024 07:20 م

Chinese President Xi Jinping told Malaysian Prime Minister Anwar Ibrahim that the two nations should strengthen strategic ties and enhance mutual political trust in efforts to support their core inter

Qualcomm, Arm Climb as Earnings Signal Smartphone Comeback

07 نوفمبر 2024 07:11 م

Qualcomm Inc. and Arm Holdings Plc, two chip companies heavily dependent on the smartphone market, gained on Thursday after delivering earnings reports that signaled a tentative comeback in demand.