Ending poverty for half world’s population could take more than century: World Bank
At the current sluggish rate, it could take over a century to eradicate poverty for nearly half the world’s population—those living on less than $6.85 a day, according to the World Bank’s new Poverty, Prosperity, and Planet Report. This report
Mercedes and ROHR collaborate on EV for refueling helicopters
Mercedes-Benz Special Trucks and Germany-headquartered specialized vehicle manufacturer ROHR Spezialfahrzeuge have partnered to produce the Mercedes-Benz eEconic helicopter refueling tanker, which has been deployed by Airbus Helicopters in
Egypt and Djibouti sign agreement to build solar power plant
Egypt and Djibouti signed a bilateral agreement and an executive contract on Tuesday for the construction of a 276.5 kilowatt solar power plant in Djibouti. The agreement, signed via video conference, marks a significant step in the ongoing collaboration between
Saudi Arabia ranks 2nd among Egypt’s trading partners in Q1 2024
The Central Bank of Egypt (CBE) said that the Kingdom of Saudi Arabia ranked second among Egypt’s top trading partners until the end of the first quarter (Q1) of 2024, with trading worth $5.209bn, including $3.871bn imports and$1.338bn exports.
The ‘EV Slowdown’ Is A Lie. Global Sales Just Reached A New Record In September
Sales of fully electric and plug-in hybrid vehicles went up by a whopping 30.5% last month.
Egypt has capacity, flexibility to manage budget financing needs: Finance Minister
Ahmed Kouchouk, the Minister of Finance, emphasized that financial and economic reform is an ongoing and sustainable process. “This process extends beyond our reform programmes supported by international institutions,” he said. “We have achieved positive results in terms of financial
EGAS, Greek Copelouzos sign agreement to establish new gas company
Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of a shareholders’ agreement for partnership in a joint company, headquartered in Greece, between the Egyptian Natural Gas Holding Company (EGAS) and the Greek Copelouzos Group, with the aim
FRA clarifies suspension of new applications for consumer, microfinance companies
The Financial Regulatory Authority (FRA) has detailed the reasons for halting the acceptance of new applications for licences to establish companies aimed at providing micro-project financing or consumer finance through traditional methods. The Authority explained that this step stems from
Q Developments unveils new project in New Zayed
Q Developments announced the launch of its first project in west Cairo, Q Hills located in New Zayed City, on 24 feddans directly on the Dabaa axis, minutes away from Sheikh Zayed City and Sphinx International Airport, west of Cairo.
GB Capital acquires licence to expand into securities promotion, underwriting
GB Capital for Financial Investments, the financial arm of GB Corp, has secured a licence from the Financial Regulatory Authority (FRA) for the promotion and underwriting of securities, marking a significant milestone in its expansion efforts. Although GB Capital is