Golden Coast hires Standard & Poor’s for green sukuk rating
Golden Coast for Hotels, Touristic Villages, and Entertainment Company, a subsidiary of Golden Pyramids Plaza, has hired Standard & Poor’s (S&P) to assess its creditworthiness for a planned green sukuk…
Hunger grips Gaza as Israeli attacks continue with US support
The Gaza Ministry of Health reported that the death toll from the Israeli assault on the Strip had reached 30,320, with 71,533 wounded. It added that some victims remained trapped…
Opinion| Will Netanyahu’s invasion of Rafah end his government and Israel’s peace?
The Middle East has been like a complex puzzle for nearly 40 years, but it is now on the brink of falling apart, or at least rearranging its pieces in…
Zimbabwe decommissions ageing thermal power plants due to high costs
Zimbabwe is shutting down three ageing thermal power stations due to rising operational costs and their advanced age, according to the government. The Zimbabwe Electricity Supply Authority (ZESA) Holdings, the…
Rwanda invests $300m to combat Mukungwa River flooding
The Rwandan government has allocated $300m (382bn Rwandan francs) to a project aimed at mitigating flooding risks along the Mukungwa River, a tributary that feeds into Lake Victoria and ultimately…
Uganda, Kenya seek resolution to petroleum import impasse
Ugandan President Yoweri Museveni and his Kenyan counterpart, William Ruto, held talks on Monday to address the ongoing dispute regarding Uganda's petroleum product imports through Kenya. While a statement from…
Peaceful march in Dakar to demand presidential election
Hundreds of people marched on Sunday in Pikine, a suburb of Dakar, to demand the holding of the presidential election and the release of “political prisoners” by the government. The…
Shell Egypt concludes GHG Management Framework for EGAS partners in line with COP27 HoA
Shell Egypt announced the successful conclusion of the framework agreement with the Egyptian Natural Gas Holding Company (EGAS) for managing and reducing greenhouse gas emissions (GHG) from the operations of…
Madinet Masr reports historic year with nearly tripled gross contracted sales, net profit
Madinet Masr, one of Egypt’s leading urban community developers, announced its standalone financial results for the year ended 31 December 2023 (FY 2023), reporting a net profit of EGP 2.1bn…
Novartis inaugurates new premises in Egypt, reinforcing commitment to patients and healthcare system
Leading pharmaceutical company Novartis Pharma (Novartis Egypt) officially inaugurated its new premises in Egypt located in the vibrant business district of New Cairo. The inauguration marks a significant milestone in…