Cairo: SiS, Africas, News Desk The Bus Rapid Transit (BRT) project is being implemented by the Ministry of Transport, as an alternative to the fifth metro line that operates on the ring road. The BRT will also be an alternative to the microbus. A service road will be constructed to connect the microbus stops and …
CIB launches an educational platform for small and medium-sized business customers in cooperation with VISA and almentorThe commercial international bank (CIB) has announced the launch of a new educational platform in cooperation with visa, the world’s leading company in the field of electronic payments, and almentor Business, the leading e-learning platform in the Middle East …
Cairo: Africas, Reports The Minister of Transport in Egypt, Kamel Al Waziri, has followed up on the rates of cargo and truck transportation along the Arab Bridge for Road and Maritime Transport, linking Egypt, Jordan, and Iraq. This service commenced at the beginning of the current month. During his meeting with the management of the …
“Arab Road and Maritime Transport” sets off towards New Levant Gulf and Europe Read More »
Cairo: Africas, News desk, Reuters An International Monetary Fund team is currently in Cairo to discuss Egypt’s $3 billion IMF loan and reform program, an IMF spokesperson said on Friday amid discussions about additional funding to ease the country’s Gaza war-related stresses. The spokesperson said in an emailed statement to Reuters that the team, led …
IMF team in Cairo to discuss $3 billion loan program Read More »
Abuja: Reuters, Africas, News Desk Nigeria’s inflation rate rose to its highest in more than 27 years in December as food prices surged, exacerbating a cost-of-living crisis and piling more pressure on the central bank to raise interest rates. In addition, Consumer inflation rose for the 12th straight month in December to 28.92% year on …
Cairo: africas News Desk Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed the framework agreement, following the MoU that was signed in 7th of December 2022 to outline the development of the first phase of the green hydrogen project in Egypt …
ACWA Power to develop green hydrogen in Egypt worth $4 billion Read More »
China’s auto exports rose to a record high last year at 5.26 million cars made in China surpassing Japan by more than a million cars as the world’s largest exporter of cars, marking a radical shift in the global automotive industry, The “Wall Street Journal“reports. The China Passenger Car Association estimated on Tuesday that 5.26 …
China occupies the first place of car exports with 5.2 million in 2023 Read More »
Sony Honda Mobility has taken to CES 2024 to reveal an updated version of its Afeela prototype, as it’s inching closer to production. This sleek electric sedan has undergone several noteworthy changes, offering a good idea what we can anticipate when it officially launches in 2025. Visually, the Afeela shows a more polished appearance, starting …
Sony Honda Mobility showcases revised Afeela prototype at CES 2024 Read More »
The cryptocurrency Bitcoin jumped 5.6%, reaching $46,700, its highest level since March 2022.The price of the digital currency Bitcoin reached its highest level since March 2022, rising by 5.6% to reach $46,700, after BlackRock, Arc and several other potential issuers of exchange-traded funds submitted revised forms in what analysts see as a final push to …
Bitcoin rises to $46,700 at its highest level in two years Read More »
The Central Bank of Egypt announced a decrease in remittances from Egyptians abroad by 30.8% to $22.1 billionRemittances from Egyptian expatriates working abroad declined during the fiscal year 2022-2023, by 30.8% on an annual basis, according to data from the Central Bank of Egypt regarding the economy’s transactions with the outside world, It appears that …
Remittances from Egyptians abroad decreased by 30%, amounting to $10 billion Read More »
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