Browsing: Business
Egyptian Prime Minister Mostafa Madbouly announced Saturday that industrial projects in the Qantara West Zone are expected to generate between $3 billion and $4 billion annually in export revenues once fully operational. The area forms part of the Suez Canal
Egypt and Spain signed a landmark Development Partnership Agreement for 2025 to 2030 on Thursday in Cairo, marking the first of its kind between the two countries. The signing took place during the state visit of King Felipe VI and
Egypt has announced a substantial investment plan totaling EGP 136.3 billion for its electricity and renewable energy sectors in the fiscal year 2025/26. The allocation, disclosed by the Ministry of Planning, Economic Development and International Cooperation, represents an 87.7 percent
Egypt’s central bank cut its benchmark interest rates by 200 basis points on Thursday, bringing the overnight deposit rate to 22 percent and the lending rate to 23 percent, as policymakers moved to ease monetary conditions amid falling inflation and
Stablecoins are rapidly emerging as a powerful force in global finance, with Goldman Sachs projecting that the sector could reach several trillion dollars in value by the end of the decade. The investment bank said the market is entering a new phase of accelerated growth,
India and China have agreed to resume direct passenger flights between the two countries, marking the first such move since air links were suspended in early 2020. The agreement comes as both sides work to rebuild diplomatic and economic ties following years of tension along
SoftBank Group has announced a $2 billion investment in Intel Corporation, acquiring newly issued common stock at $23 per share in a move that signals renewed confidence in the U.S. chipmaker. The deal, confirmed by both companies, positions SoftBank among Intel’s top
Electricity prices across the United States have surged by an average of 25 percent over the past four years, a sharp rise that is outpacing general inflation and driving widespread concern among households already struggling with elevated costs of living. According to the latest federal
Gold futures in the United States surged to a record high on Friday after confirmation that country-specific import tariffs may apply to the most widely traded bullion size, the one-kilogram bar. The ruling, posted by the US Customs and Border Protection
Pfizer has raised its full-year adjusted earnings forecast for 2025, driven by cost-cutting measures and robust second-quarter performance that exceeded Wall Street expectations. The pharmaceutical giant now anticipates adjusted earnings per share between $2.90 and $3.10, up from its prior projection of