Big oil profits soar to $0.281 trillion amidst Ukraine crisis – Dailynewsegypt
A new analysis by Global Witness reveals that European and US oil and gas majors have raked in a staggering $281bn in profits since the Russia-Ukraine war two years ago. This windfall, driven by soaring energy prices, coincides with mounting
Egypt needs to allocate spectrum package to maximize 5G: Badawy – Dailynewsegypt
Amr Badawi, former President of the National Telecom Regulatory Authority, stated that the telecommunications sector has been a driving force for all aspects of the economy in Egypt, witnessing significant development over the past years and leading to an improvement
Biden may cave to pressures from automakers and Trump on EV ambitions
US President Joe Biden, whose administration has put electric vehicles front and center of an ambitious policy to dramatically curb emissions, may walk back his
Rwanda braces for potential conflict as DRC and burundi bolster military capabilities – Dailynewsegypt
Tensions escalate in East Africa as Rwanda accuses its neighbors of harboring hostile intentions and preparing for invasion. Rwanda has tightened its air defenses, citing threats from neighboring Burundi and the Democratic Republic of the Congo (DRC). Kigali accuses both
Africa’s economic growth slows, but recovery expected in 2024: AfDB – Dailynewsegypt
Africa’s economic growth dipped to 3.2% in 2023, falling short of the 4.1% recorded in 2022, the African Development Bank (AfDB) reported. Despite the slowdown, the bank projected a return to faster growth for most regions in 2024, with the
Goodyear introduces ElectricDrive 2 for EVs – Charged EVs
Goodyear Tire & Rubber has unveiled the latest tire in its ElectricDrive family. The Goodyear ElectricDrive 2, an all-season EV tire, is designed to maximize EV performance–it features improved
Nigeria’s ruling party official killed by gunmen in central state: police – Dailynewsegypt
A spokesperson for Nigeria’s ruling All Progressives Congress (APC) party was murdered by a group of unknown gunmen in the central state of Plateau over the weekend, local police said on Monday. Sylvanus Namang, the APC publicity secretary in Plateau
Saudi Egyptian Developers launches 2nd phase of Arabesque project in Cairo – Dailynewsegypt
Saudi Egyptian Developers has launched the second phase of the Arabesque project near the National Museum of Egyptian Civilization in Sour Magra El-Oyoun area. Mohamed Al-Taher, the CEO of Saudi Egyptian Developers, said that the first phase of the project
The Cadillac Lyriq Gets Some Nice Upgrades In March
Cadillac Lyriq owners can expect some nice upgrades to their cars in March, General Motors said on Friday. It's a bit of positive news during the otherwise choppy rollout of GM's new electric platform.
The software update adds a few
Real estate funds and REITs: A key to success for Egypt’s property developers – Dailynewsegypt
Egypt’s property developers are looking for new ways to finance their projects and attract more investors, especially in light of the current economic challenges and global competition. One of the solutions they propose is to establish and promote real estate