Author: Steven Sahiounie

After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco.

Brazil on Tuesday demanded Meta cease taking users’ data to train its generative AI models, a move the US tech giant called “a setback.”

China’s electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.

Australia will move its top secret intelligence data to the cloud under a A$2 billion deal with Amazon Web Services that Defense Minister Richard Marles said would boost defense force interoperability with the United States.

Oil prices fell on Thursday, with investors turning cautious on expectations of lower demand as US employment and business data came in weaker than forecast

RIYADH: Non-oil companies in Egypt saw sales growth for the first time in nearly three years, as the Purchasing Managers’ Index rose to 49.9 in June from 49.6 in May. 

LONDON: Business leaders hailed Saudi Arabia’s investment environment and prospects for economic growth at an event at the London Stock Exchange on Wednesday.

Turkish President Recep Tayyip Erdogan said on Wednesday that Ankara and Moscow would continue strengthening economic ties with the aim of increasing their annual trade turnover to $100 billion. The two countries have been deepening economic cooperation following Western sanctions on Moscow He made the remarks during his meeting with Russian President Vladimir Putin at the Shanghai Cooperation Organization (SCO) summit in the Kazakh capital Astana. “Currently the volume [of trade] is $55 billion,” Erdogan stated, adding that the two sides believe they can achieve their goal of doubling that figure. Putin declared that relations between the two countries had been…

By: Karam Gendy, Egyptian Economical Journalist Energy and Natural Resources:Egypt’s strategic location as a regional energy hub presents significant opportunities for economic growth. Massive discoveries of natural gas reserves have transformed Egypt into a net exporter, enhancing its energy security and attracting foreign investments. The government’s focus on expanding renewable energy sources, such as solar and wind power, further paves the way for sustainable development and paves a path towards reduced dependency on traditional energy sources. While the road to economic recovery for Egypt is not without challenges, the country’s resilience, strategic planning, and ongoing initiatives indicate a promising future.…

Governor of the Central Bank of Egypt (CBE) Hassan Abdullah has signed the WE Finance Code initiative charter with the European Bank for Reconstruction and Development (EBRD) to bolster women’s financial inclusion and economic empowerment in Egypt, as per a statement.