Browsing: Business

Bitcoin fell below $27,000 for the first time in over 16 months on Thursday. This was amid concerns about rising inflation and the collapse of a controversial stablecoin project. According to Bitstamp data, Bitcoin sank as low as $26,595.52 Thursday

Eng. Said Hamoud Al Ma’awali, Minister of Transport, Communications and Information Technology, met online with Dr. Amr Talaat, Egyptian Minister of Communications and Information Technology. Al Ma’awali commended Oman for its win in the 3rd edition of the Arab Digital

The UN Food and Agricultural Organization (FAO) reports that world food prices decreased at the end of April after reaching an all-time high in March amid the conflict in Ukraine. In April, the FAO Food Price Index was 158.2 points,

A Term Sheet and a Head of Terms agreement have been signed between AD Ports Group and the Red Sea Ports Authority for major port projects along Egypt’s coastline. In the first agreement, AD Ports Group will develop, operate, and

After a sudden 8% decline in Swedish stocks, Citigroup Inc. said its London trading desk caused a flash crash in Europe that sent shares across the continent tumbling. A trader at the New York-based bank made an error when entering

According to the Saudi General Authority for Statistics (GASTAT), it has published on its website flash estimates of Saudi gross domestic product (GDP) growth for the first quarter of 2022. In the first quarter of 2022, the Saudi GDP grew

A survey released on Saturday showed that the manufacturing sector in China fell to a six-month slump in April due to lockdowns that were carried out in Shanghai and other manufacturing hubs in the wake of COVID-19 outbreaks that were

The US stock market plummeted on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic. The tech-heavy Nasdaq fell 4.2%, dragged

Egypt President Abdel Fattah El-Sisi met with Prime Minister Dr. Mostafa Madbouly, Minister of Trade and Industry Mrs. Nevine Gamea, Director General of the National Service Projects Organization (NSPO) of the Armed Forces Maj Gen Walid Abul-Magd, and Chairman of

Bahrain’s Industry, Commerce and Tourism Minister Zayed bin Rashid Al Zayani received the Egyptian Ambassador to Bahrain Yasser Shaaban. The Ambassador delivered the Bahrain sea to air logistics agreement in accordance with Egypt’s status as an official partner for sea