Business

Economy

WB approves $500 mln loan to support Egypt’s food security, social protection net

The World Bank’s (WB) Board of Executive Directors announced its approval on Wednesday of a $500-million-loan to back Egypt’s social protection net and food security in the face of the impacts of the Russian-Ukrainian War.

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WB approves $500 mln loan to support Egypt’s food security, social protection net

French airport workers strike for higher pay amid inflation

First edition of ‘Our Country’s Industry’ exhibit kicks off on Sunday

Bahrain to raise trade exchange volume with Egypt to $1 bln next year: Bahraini finance minister

Ezz Elarab group announces official partnership with Ferrari in Egypt

Hungary central bank sets biggest rate hike since 2008

Egypt achieved real GDP growth in recent years; more private sector participation needed: EBRD report

Egypt to hit 6.2% in real GDP growth by end of June, to stabilise at 5.5% in FY2022/23: Finance Minister

INTERVIEW: Demand not at its best to resume Egypt’s IPO Programme, says Minister Hisham Tawfik

Sri Lanka sends 2 ministers to Russia for oil amid crisis

AfDB to establish African Pharmaceutical Technology Foundation to boost continent’s health sector

Etisalat Egypt rebrands into ‘etisalat by e&’

INTERVIEW: Global inflationary wave impacted Egypt’s non-oil sector

Strike grounds UK trains for a 3rd day; transport stoppages hit mainland Europe

Women’s share in MENA energy sector between 7-9%, below global average of 32%: World Bank study

CBE maintains interest rates for first time since onset of Ukraine war

A new Egypt deal with IMF likely to be four-year EFF loan: Finance minister

Markets & Companies

INTERVIEW: AMAN Group raises capital by EGP 240 mln in 2022 to meet expansion plan in Egyptian market

AMAN Group, one of the leading FinTech companies in the Egyptian market focusing on non-banking services, raised its capital by EGP 240 million in 2022 to reach EGP 615 million in order to meet its expansion plans in the Egyptian market through current and new extended services, CEO of AMAN Financial Services Hazem Moghazy told Ahram Online.

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INTERVIEW: AMAN Group raises capital by EGP 240 mln in 2022 to meet expansion plan in Egyptian market

Majid Al Futtaim opens Global Solutions Centre in Egypt with EGP 1 billion investments

Markets fluctuate, oil falls again as recession warnings build

Thales, Orascom Construction, and Colas Rail win Metro Line 4 construction contract

Afreximbank supports Elsewedy Electric to establish $400 mln industrial city in Tanzania

Saudi Alhokair Family acquires minority stake in Cairo-based valU in $247.4 mln deal

Stock markets mixed as recession worries persist: AFP report

Furniture e-commerce platform Beyooot launches in Egypt with total capital of EGP 5 mln

7th Builders of Egypt Forum tackles Arab, African integration for development amid global crises

Bitcoin drops below $20,000 as crypto selloff quickens

Microfinance activity benefits 3.5 million individuals in Egypt: El-Araby

Egypt eyes $10 bln FDI inflows annually: Finance minister

Bus-hailing company Swvl to lay off 32% of workforce to become ‘profitable’

Recession fears, rising inflation spook global markets: AP report

UAE telecom firm e& becomes largest shareholder in Vodafone

INTERVIEW: Noqood Holding looks to expand in Egypt, create lending company for SMEs

US-based Honeywell launches new programme targeting MENA

Energy

Russia’s ROSATOM permitted to start construction on Egypt’s first nuclear power plant

The Egyptian Nuclear and Radiological Regulatory Authority (ENRRA) issued a permit to Russia’s State Atomic Energy Corporation (ROSATOM) for the construction of the El-Dabaa NPP Unit 1, according to an announcement by the corporation Thursday.

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Russia’s ROSATOM permitted to start construction on Egypt’s first nuclear power plant

Berlin preps 'huge thermos' to help heat homes this winter

Egypt, Chevron sign MoU over east Mediterranean natural gas transfer

Lebanon to sign deal with Egypt to import gas: Lebanese energy minister

Seventh EMGF ministerial meeting stresses urgent need for securing low carbon energy supplies

East Mediterranean Gas Forum can play pivotal role in resolving global energy crisis: Sisi

Egypt, EU and Israel sign agreement to export natural gas to Europe

Egypt supports Palestine's right to benefit from its natural resources: Minister

British ambassador calls Egypt 'emerging renewable energy power'

SCZONE, German H2 Industries sign MoU to build zone's first waste-to-hydrogen plant

Russia’s ROSATOM starts production of equipment for Egypt’s first nuclear power plant

Poland sees Egypt as prospective LNG supplier: President

Shell subsidiary BG Int'l Limited acquires ExxonMobil’s offshore position in Egypt

US companies willing to inject green investments into Egypt: Head of GreenTech Business

Top oil producers agree on modest supply boost amid demand concerns

Egypt-Sudan power grid capacity to reach 1000 MW after Sudan received needed equipment

Norway's Scatec signs pact to refinance projects in Egypt

Tech

Google and France end fight over news copyright

French regulators accepted on Tuesday commitments from Google to negotiate fairly with news organisations over copyright, ending a long-running dispute.

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