China’s central bank: Bitcoin offerings are illegal
Bitcoin has tumbled by the largest amount since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising...
AFDB approves $55m loan for 3 solar PV projects in Egypt
The African Development Bank (AfDB) Group approved three major loans worth $55m in order to finance three solar PV projects. This comes under the...
Consortium including Western Digital offers $17.4bn for Toshiba chip unit
A consortium that includes Western Digital is offering 1.9tr yens ($17.4bn) for Toshibas memory chip business, which the Japanese conglomerate is trying to sell...
WeWork to raise $4.4bn in funds from SoftBank
WeWork has just raised an extra $4.4bn in funds from SoftBank Vision Fund and SoftBank Group, according to a statement on Thursday by the...
UAE launches website to help navigate tax system
UAE’s Federal Tax Authority (FTA) has launched its website, providing businesses and consumers with a wealth of information on the upcoming introduction of excise...
Dubai to shine with Solar panels on roof tops soon
Dubai Electricity and Water Authority (Dewa) has urged the emirate's citizens and residents to benefit from the Shams Dubai smart initiative and install solar...
Huawei unveils faster phone chip
Huawei aims to use artificial intelligence-powered features such as instant image recognition to take on rivals Samsung and Apple when it launches its new...
Unsecured personal data on Amazon server
More than four million records of users of Time Warner Cable’s MyTWC app were found unsecured on an Amazon server last month, digital security...
Sharm El Sheikh and Al Alamein hubs for Egypt’s future investments and economic development
By: Amira Elhamy
After three years from the Sharm El- Sheikh economic conference, 65% of projects discussed have been implemented as per the Ministry of...
99% of Dabaa Nuclear plant contracts with Russia agreed on
99% percent of the contracts necessary for the implementation of the nuclear plant project in Dabaa have been agreed on. It is expected to...
Apple powers its gadgets with artificial intelligence in the near future
Apple is working on chips to power artificial-intelligence capabilities in its gadgets, Bloomberg’s Mark Gurman reported on Friday. The chips would handle more advanced...
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Al Molla inspects the Suez Methanol Derivatives Plant in Damietta
Minister of Petroleum and Mineral Resources Tarek Al Molla has inspected the construction work of the Suez Methanol Derivatives Plant in Damietta...
Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...