Abu Dhabi-backed group ends Telegraph takeover bid
Ahram Online » Business
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2d ago
An Abu Dhabi-backed group planning to take over Britain's Telegraph Media Group (TMG) said Tuesday it will withdraw and sell on the business after the UK government moved to block the deal ..read more
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Egypt PM witnesses inking of land deals to implement two wind electricity projects in Sohag
Ahram Online » Business
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2d ago
Prime Minister Mostafa Madbouly witnessed on Wednesday a ceremony for inking two land deals to implement two projects to establish stations for generating electricity from wind energy in west Sohag, Upper Egypt ..read more
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Egypt headline annual inflation cools off again in April
Ahram Online » Business
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2d ago
Egypt’s headline inflation rate decelerated, for the second consecutive month, in April to 32.8 percent, down from 33.1 percent in March, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced Thursday ..read more
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Tesla CEO Musk meets China's number two official in Beijing
Ahram Online » Business
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1w ago
Tech billionaire and Tesla CEO Elon Musk met in Beijing on Sunday with China's number two official, Premier Li Qiang, who promised the country would "always" be open to foreign firms ..read more
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Tuesday's closing prices for crude oil, gold and other commodities
Ahram Online » Business
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1w ago
Benchmark US crude oil for June delivery rose $1.46 to $83.36 per barrel Tuesday. Brent crude for June delivery rose $1.42 to $88.42 per barrel ..read more
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FACTBOX: Key targets of Egypt’s FY2024/2025 budget plan
Ahram Online » Business
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1w ago
Egypt’s budget plan for the upcoming FY2024/2025 comes in line with the government commitments to the International Monetary Fund (IMF) under the fund’s loan programme for the country ..read more
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Egypt exporting strawberries to Canada and potatoes to Morocco for first time
Ahram Online » Business
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3w ago
Egypt is exporting potatoes to Morocco and strawberries to Canada for the first time as the country ventures into new markets for its agricultural products ..read more
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Egypt’s external debt to remain high in FY23/24 due to EGP depreciation: IMF
Ahram Online » Business
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3w ago
Egypt’s external debt is projected to rise during the current FY2023/2024 due to the depreciation in the exchange rate, Era Dabla-Norris, the Deputy Director of the Fiscal Affairs Department at the International Monetary Fund (IMF), told Ahram Online ..read more
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Egypt central bank launches new initiative for supporting FinTech-enabled woman entrepreneurs
Ahram Online » Business
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1M ago
The Central Bank of Egypt (CBE) launched on Thursday the "Women for Women in FinTech" initiative to provide innovative solutions for women entrepreneurs across various sectors to help them expand their businesses ..read more
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EBRD, Hassan Allam, Meridiam team up for developing renewable energy projects in Egypt
Ahram Online » Business
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1M ago
The European Bank for Reconstruction and Development (EBRD), in collaboration with Meridiam and Hassan Allam Utilities (HAU), the investment and development arm of Hassan Allam Holding, announced on Thursday raising capital in the new platform HAU Energy BV established to invest in renewable energy projects in Egypt and potentially in other African countries ..read more
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