Browsing Category
Business
Egypt top in MENA for number of startup deals in 2022
The Egyptian Cabinet’s Information and Decision Support Center revealed that Egypt topped the list of countries in the Middle East and North Africa region for its number of startup deals, coming in at 160 deals in 2022.
According to the…
Read More...
Read More...
Egyptian authorities refloat grounded container ship in Suez Canal
The Suez Canal Authority has refloated a grounded container ship, MSC ISTANBUL, in a tugboat operation.
The vessel ran aground during its crossing of the Suez Canal in its northbound transit from Malaysia to Portugal.
Adm. Ossama…
Read More...
Read More...
Eni agrees deal with UAE’s ADNOC as Italy rebuilds relationship
Italian oil and gas group Eni said it would cooperate with Abu Dhabi National Oil Co on energy transition projects, as Rome's new government works to rebuild ties with the UAE.
After a meeting with UAE President Sheikh Mohammed bin Zayed…
Read More...
Read More...
Thousands of Egyptians defrauded by digital currency app promising profits
Thousands of Egyptians have fallen victim to a fraudulent investment application called “Hoggpool,” resulting in financial losses of about 6 billion Egyptian pounds ($195 million).
Egyptian lawyer Abdulaziz Hussein filed judicial reports…
Read More...
Read More...
UAE’s ADNOC prices gas business IPO near top of range
State oil giant Abu Dhabi National Oil Co. on Friday set the final price for its initial public offering, valuing the company at about $50 billion after drawing record demand, according to Reuters.
It will become Abu Dhabi’s largest…
Read More...
Read More...
Vietnam’s EV maker delivers first 45 cars in US market
Vietnamese electric vehicle maker VinFast delivered its first 45 cars to customers in California on Wednesday, its first sales outside Vietnam.
The company, a subsidiary of conglomerate Vingroup JSC , had shipped 999 vehicles to…
Read More...
Read More...
Bahrain airport’s passenger traffic spikes to 6.9m in 2022
Bahrain International Airport welcomed 6.9 million passengers in 2022, marking an increase of 125 percent from 3 million in 2021, the Bahrain News Agency reported.
However, the number of passengers received during 2022 is still 29…
Read More...
Read More...
‘Economic massacre’: Lebanon dollarizes economy as pound plunges
Escalating political confusion sent the Lebanese pound plummeting to a new low on the black market, trading at 90,000 pounds to the dollar on Wednesday.
The latest plunge in the local currency means the exchange rate is more than 60…
Read More...
Read More...
Arab crude oil reaches 94.4% of Japan’s imports in January
The total crude oil Japan imported in January amounted to 84.423 million barrels with 94.4 percent (or 79.721 million barrels oil) of that amount came from the five GCC countries of Saudi Arabia, UAE, Kuwait, Qatar and Oman, according to…
Read More...
Read More...
Uranium particles enriched to 83.7% found in Iran: UN
Inspectors from the United Nations nuclear watchdog found uranium particles enriched up to 83.7 percent in Iran’s underground Fordo nuclear site, a report seen Tuesday by The Associated Press said.
The confidential quarterly report by…
Read More...
Read More...