The Suez Canal, is a key source of foreign currency for Egypt, and authorities have been trying to boost its revenues in recent years
The budget has introduced changes for NRIs such as an increase in the rate of capital gains and remittances
US president, Joe Biden, has announced that he is exiting the 2024 presidential race
Even as the world reels from the Microsoft outage, here’s a look at some outages that have taken down major systems, in recent years
Microsoft attributed the error to a recent update from CrowdStrike
Over the next six to 12 months, Citi expects gold to rise $2,700-$3,000 per ounce and silver to climb $38 per ounce
Creating a group of low operational carbon hotels, the first community of its kind in the industry, will help IHG test, learn and share findings on sustainability measures
The new Model 3 long-range variant is priced at $42,490
The creators of Kenza Layli aimed to present her as a symbol of a strong and modern Moroccan woman
World leaders, US politicians, and tech CEOs condemned the shooting, while some including Tesla chief Elon Musk declared support for Trump in the upcoming elections
Trump was shot in the ear during the rally in Pennsylvania on Saturday in what the authorities were treating as an assassination attempt.
The announcement coincides with NATO’s 75th anniversary celebrations in Washington
Despite promises to curb global warming, countries have so far failed collectively to reduce these emissions, pushing temperatures steadily higher for decades
Boeing became exposed to criminal prosecution after the US Justice Department in May found the company violated a 2021 settlement involving the fatal crashes
The company plans to establish a facility for producing electric and plug-in hybrid vehicles, with an annual capacity of 150,000 units
Spanning 23 million square metres, “South Med” will feature over 2,000 hotel rooms and residential units, and a large international marina
Despite a convincing victory, polls have suggested there is little enthusiasm for Starmer or his Labour party
Trade in developing countries and South-South trade increased by about 2 per cent in both imports and exports during the first quarter
Tourists will be able to use the Uber app to access new nautical experiences in Ibiza, Venice, Athens, Paris, Corfu and Santorini
Whichever party forms the next government after the UK elections will have to contend with challenges such as rising poverty, a stagnating economy, crumbling health infrastructure and growing number of immigrants, among others
The new fund attracted 188 investors from Europe, the Americas, the Middle East and Asia
Saudi Arabia emerged as the leading issuer, accounting for $3.98bn from five sukuk, while the UAE contributed the remaining $2.25bn
European officials say they want to help Egypt become more resilient by boosting investment in the private sector
The consortium will investigate the feasibility of a large-scale, multi-phase project focused on the development and export of green hydrogen and its derivatives
The exchange would allow buyers to purchase directly from producers
Exchange rates will be updated twice a month, allowing traders to stay abreast of the latest currency valuations, without delays
Rivian will form an equally controlled joint venture with Volkswagen to share EV architecture and software
The World Bank projects that the support programme will create jobs, strengthen the economy, and enhance Egypt’s resilience to environmental and economic challenges
China’s significant role in the global solar market is underscored by its massive installation rates and manufacturing scale-up, leading to a 50 per cent drop in solar panel prices last year
As the northern hemisphere marks summer solstice, here’s a look at the progress in solar power generation, across the world