Recurrent Energy, a subsidiary of Canadian Solar specialising in solar technology, announced on Thursday that it had secured a multi-currency revolving credit facility totaling up to 1.3 billion euros ($1.41 billion) from 10 banks, according to (...)
The sixth edition of Big 5 Construct Egypt, the country's flagship construction industry event, is taking place on June 25-27, building on the country's construction sector promising trajectory.
Supported by the Egyptian Ministry of Housing, (...)
Egypt has reiterated its strong rejection of Israeli plans to displace Gaza residents to Sinai. A senior Egyptian official told Daily News Egypt that recent statements by Israeli officials blaming Egypt for restricting Gaza residents' entry into (...)
Egypt has secured $38.8bm in development financing and grants over the past four years through partnerships with multilateral and bilateral development partners, the Ministry of International Cooperation told the House of Representatives' Foreign (...)
خلال الساعات الأولى من ليلة أمس سقط نيزك في المنطة الفاصلة بين أسباينا والبرتغال، ليضيء سماء البلدين لكنه بشكل مرعب مر فوق حفل وظهر بشكل واضح يمر فوق رأس شابة قفزت من الخوف، وهذا الحدث الفلكي أشارت إليه عدة صحف بريطانية مثل «الإنبدندنت»، موضحة أنه (...)
Egypt's food exports reached 405,000 tons in the week ended on May 14, marking an increase of 125,000 tons compared to the previous period, National Food Safety Authority (NFSA) reported on Sunday.
The exported products boasted a remarkable variety. (...)
Under the collaborative efforts of the Ministries of Culture, Tourism, Social Solidarity, Immigration, Youth and Sports, Environment, and the National Council for Women, the second edition of the Empower Her Art Forum (EHAF 2024) is on the horizon. (...)
Prime Minister Mostafa Madbouly recently embarked on an inspection tour of various factories in 10th of Ramadan City. This initiative is part of a broader effort to identify and resolve any barriers affecting their productivity. The tour began at (...)
Spanish bank BBVA launched a hostile takeover bid for Sabadell, offering €12.23 billion ($13.1 billion) in an all-share deal after Sabadell's board previously rejected the proposal earlier this week, Reuters reported on Thursday.
This direct (...)
The Bank of Spain is set to increase its 1.9 per cent growth forecast for the Spanish economy in 2024, according to a statement made by Central Bank Governor Pablo Hernandez de Cos on Tuesday, cited by Reuters.
This comes after Spain's GDP grew by (...)
رحل صباح أمس الأربعاء 1 مايو 2024 الكاتب والروائي الكبير بول أوستر عن عمر 77 عامًا، وذلك بسبب مضاعفات إصابته بمرض السرطان فمات في منزله بمدينة نيويورك الأمريكية حسب ما أفادت صحيفة نيويورك تايمز نقلًا عن إحدى صديقات الروائي، وهو روائي وكاتب مقالات (...)
The Japanese Ambassador to Egypt, Oka Hiroshi, awarded Reda El-Wakil, the renowned Egyptian opera singer, with a Certificate of Appreciation from the Japanese Embassy.
El-Wakil graduated from the Higher Institute of Music – Conservatoire in Cairo. (...)
The European Fund and Asset Management Association (EFAMA), representing Europe's €28.5 trillion investment management sector, has endorsed a French proposal for a small group of European countries to advance with a capital markets union.
This move (...)
The eurozone economy has demonstrated stronger than anticipated growth in the first quarter of 2024, according to preliminary data released by Eurostat on Tuesday. This growth has been propelled by a resurgence in Germany and a robust expansion in (...)
The European Central Bank (ECB) should commence cutting interest rates in June if the gradual decline in inflation persists as anticipated, ECB policymaker Pablo Hernandez de Cos said on Tuesday, cited by Reuters.
Despite a rapid fall in inflation (...)
Following the availability of COVID-19 vaccines, there was a noticeable surge in negativity surrounding vaccines on Twitter. Researchers at the ESCMID Global Congress (formerly ECCMID) in Barcelona, Spain (held from 27th to 30th April) made this (...)
Egyptian President Abdel Fattah Al-Sisi received a phone call from Spanish Prime Minister Pedro Sánchez on Monday to discuss a range of topics, including the state of bilateral relations and ongoing regional conflicts, particularly in the Middle (...)
Hazem El-Gindy, a member of the Senate, has submitted a proposal addressed to Prime Minister Mostafa Madbouly and Minister of Housing, Utilities, and New Urban Communities Assem El-Gazzar. The proposal aims to promote the export of Egypt's real (...)
Europe's main stock index neared a six-week low on Tuesday, falling 1.4 per cent due to investors avoiding risky assets amidst Middle East tensions, Reuters reported.
This led the pan-European STOXX 600 to its worst day in nearly nine months. Major (...)
The New and Renewable Energy Authority (NREA) and the Sovereign Fund of Egypt (TSFE) are poised to present the Zafarana wind farm's subsequent phase to investors for bidding in the latter half of this year.
Insiders disclosed to Daily News Egypt (...)
The Intergovernmental Panel on Climate Change (IPCC) has emphasized the need for "rapid and far-reaching changes" to avert dire climate change consequences. Johannes Stangl of the Complexity Science Hub (CSH) notes that transitioning to a (...)
The European Union (EU) is pledging to allocate €3.5 billion ($3.71 billion) this year for ocean protection and sustainability initiatives, Virginijus Sinkevicius, EU Commissioner for Environment, Oceans, and Fisheries, announced on Tuesday, (...)
Bernard Arnault, the luxury goods kingpin behind LVMH, remains the world's richest person according to the 2024 Forbes World's Billionaires List, according to Forbes website.
Hot on Arnault's heels are tech giants Elon Musk and Jeff Bezos, each (...)
Egypt's food exports recorded a remarkable activity during the period from March 30 until April 5, the Egyptian Cabinet said on Sunday, citing the National Food Safety Authority's (NFSA) 14th weekly report for 2024.
According to the report, a total (...)
Marie-Louis Bishara, President of the Readymade Garment Export Council, has declared a 25% surge in garment sector exports for the initial two months of 2024, reaching $464m, up from $371m during the same period in 2023. This significant growth (...)