As the E.V. Revolution Slows, Ferrari Enters the Race
Growth in electric vehicle sales has been slowing, but the Italian luxury carmaker is stepping up investment and setting ambitious targets.
FABMISR appoints new Internal Sharia Supervisory Committee for Islamic banking services
FABMISR, one of Egypt’s largest banks, is pleased to announce the appointment of a new Internal Sharia Supervisory Committee (ISSC). This committee will oversee and regulate the implementation of Islamic banking services within FABMISR’s extensive portfolio. The move reflects FABMISR’s
Financial position of banks operating in Egypt surges to EGP 17.8trn in Q1 2024: CBE
The Central Bank of Egypt (CBE) recently disclosed a substantial increase in the aggregate financial position of banks operating within the local market (excluding the CBE itself). As of March 2024, this position reached EGP 17.896trn, compared to EGP 14.2trn
Egypt hosts conference of Sudanese political and civil forces to address ongoing crisis
Egypt's Foreign Minister calls for unity, ceasefire, and Sudanese-led political solution
Honeywell launches battery manufacturing automation software – Charged EVs
US electronics giant Honeywell has introduced its Battery Manufacturing Excellence Platform (Battery MXP), software package, which is designed to optimize the operation of gigafactories by improving battery cell yields
Gaza government reports 158 journalists killed amid ongoing Israeli aggression
The Gaza government’s media office reported that the death toll among journalists has reached 158 since 7 October 2023. Throughout the Israeli aggression, journalists have been subject to relentless attacks by Israeli forces, which directly impact them, their families, and
Egyptian microfinance records EGP 87.5bn in 2023: CBE
The Central Bank of Egypt (CBE) recently reported that the microfinance in the Egyptian market, provided by banks and other financing entities, reached EGP 87.5bn in December 2023. During the period from July 2021 to December 2023, banks injected EGP
EX30 Boosted Volvo Global EV Sales To Another Record In June 2024
Volvo Cars reported 71,514 global car sales in June, 8% more than a year ago. During the first six months of the year, sales amounted to 388,073, up 14% year-over-year.
Meanwhile, in June, Volvo's plug-in electric car sales increased by 41%
Egypt, World Bank discuss cooperation in health sector
Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, received on Saturday, the Regional Director for Human Development at the World Bank, Fadia Saada, to follow up on the executive position of the ongoing projects and
Prime Minister Madbouly inspects development projects in Historic Cairo
Prime Minister Mostafa Madbouly embarked on an inspection tour of several projects underway in the Historic Cairo area, beginning with the Fustat Hills Park project. This visit is part of the ongoing monitoring of the project’s progress. The Prime Minister