SoftBank earns $3 billion in 5 months and pushes new investments towards an AI...
SoftBank has made roughly $3 billion in profit from investments through its five-month- old, $100-billion Vision Fund, CEO Masayoshi Son said Wednesday while onstage...
General Electric cuts profit outlook ahead of turnaround plan
General Electric has slashed its profits guidance after posting a quarterly loss due to weak trading in two key divisions. The industrial group it...
IBM announces Major block chain solution to speed global payments
IBM has announced a new block chain banking solution that will help financial institutions address the processes of universal cross-border payments, designed to reduce...
EgyptAir to buy 33 new planes
EgyptAir Company will sign contracts to buy 33 planes of the latest models as part of the national carrier's efforts to renew its fleet,...
CBE Governor : Egyptian banking system is Strong
Governor of the Central Bank of Egypt (CBE) Tarek Amer asserted that the Egyptian banking system is very good and strong.
Addressing a joint conference...
Ismail signs three energy purchase agreements for solar energy projects
Prime Minister Sherif Ismail witnessed the signing ceremony of three power purchase agreements for photovoltaic solar power projects (cap. of 150 megawatts) with a...
UPS CEO says updated NAFTA better for economy than no trade treaty
The top executive of United Parcel Service Inc (UPS.N) said early this week he is optimistic the U.S., Canadian and Mexican governments can successfully...
Standard Bank’s Women in Technology Conference ignites innovation
Standard Bank and co-sponsor Liberty lauched The Women in Technology Conference hosted at the Protea Hotel, Melrose Arch to address challenges faced in the industry.
The World...
Soon, you may hire a charter aircraft like Careem and Uber at half the...
As the Indian government strives to make flying affordable for the masses with its regional connectivity scheme, aircraft charter companies are charting a similar...
How Technology Is Driving Us Toward Peak Globalization
At some point in the future—and in some ways we are already seeing this—the amount of physical stuff moving around the world will peak...
BlackBerry shares down after another top exec leave
BlackBerry’s U.S.-listed shares fell almost 4 percent to $11.12 on Monday after a second senior executive from its licensing unit quit this month.
Victor Schubert,...
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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...