Egypt

Egypt government launches $21bn ‘South Med’ real estate mega-project

Spanning 23 million square metres, “South Med” will feature over 2,000 hotel rooms and residential units, and a large international marina

UK elections 2024 - Labour Party

UK elections 2024: Labour sweeps to power as Keir Starmer vows to bring change

Despite a convincing victory, polls have suggested there is little enthusiasm for Starmer or his Labour party

Global trade sees growth in Q1 2024, shares UNCTAD

Global trade sees growth in Q1 2024, shares UNCTAD

Trade in developing countries and South-South trade increased by about 2 per cent in both imports and exports during the first quarter

Travelling to Europe this summer? Use Uber's new boat services

Visiting Europe this summer? Try Uber’s new boat services

Tourists will be able to use the Uber app to access new nautical experiences in Ibiza, Venice, Athens, Paris, Corfu and Santorini

UK

UK election winners will inherit 7 urgent tasks

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

Investment firm Ardian raises $3.2bn for sixth co-investment fund

Investment firm Ardian raises $3.2bn for sixth co-investment fund

The new fund attracted 188 investors from Europe, the Americas, the Middle East and Asia

MENA sukuk sector rises in H1 2024 driven by ESG and sovereign issuances according to Bloomberg LP Image GettyImages

MENA sukuk market flourishes in H1, fuelled by ESG, sovereign issuances

Saudi Arabia emerged as the leading issuer, accounting for $3.98bn from five sukuk, while the UAE contributed the remaining $2.25bn

Egypt sees progress on loan program

European firms sign 20 deals with Egypt as EU looks to bolster ties

European officials say they want to help Egypt become more resilient by boosting investment in the private sector

Egypt: bp partners with Masdar, others on green hydrogen project Image: Getty Images/ For illustrative purposes

Egypt: bp partners with Masdar, others on green hydrogen project

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

Egypt - WHEAT - BRICS

BRICS countries back grain exchange idea, Russia says

The exchange would allow buyers to purchase directly from producers

Currency

How will India’s new automated currency exchange rate module help traders?

Exchange rates will be updated twice a month, allowing traders to stay abreast of the latest currency valuations, without delays

Rivian

Volkswagen’s $5bn investment in Rivian signals future EV collaboration trends

Rivian will form an equally controlled joint venture with Volkswagen to share EV architecture and software

Egypt

World Bank announces $700m in financing for Egypt

The World Bank projects that the support programme will create jobs, strengthen the economy, and enhance Egypt’s resilience to environmental and economic challenges

Global solar installations almost double in 2023; China, US lead rest

Global solar installations almost double in 2023; China, US lead rest

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

Summer solstice - temperature - 1.5 degrees C

Solar can provide 20% of world electricity on northern summer solstice, reveals study

As the northern hemisphere marks summer solstice, here’s a look at the progress in solar power generation, across the world

Global central banks to increase gold reserves

More central banks to increase gold reserves within 12 months, survey finds

Demand for gold from central banks has been elevated in the last two years as some countries diversify their foreign currency reserves

G7 ITALY

What’s on the G7 agenda?

The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development

Apple OpenAI Chatgpt Siri

Apple unveils partnership with OpenAI at WWDC 2024

Apple said the new iOS 18, the software powering its flagship device, will make the iPhone home screen more customisable

UN CLIMATE CONFERENCE - BONN, GERMANY

Bonn Climate Conference 2024: Countries’ plans not yet aligned with tripling renewables capacity goal

The Bonn Climate Conference is discussing climate finance, renewable energy commitments as well as nationally determined contributions

Egypt sees progress on loan program

Egypt will have access to about $820m subject to IMF Board approval, fund says

The IMF said its Executive Board would consider the staff agreement and disbursement in the coming weeks

Nvidia To Report Quarterly Earnings

Nvidia overtakes Apple as No 2 most valuable company in the world

Nvidia’s stock rose 5.2 per cent to end the day at $1,224.40, valuing the company at $3.012tn

Boeing Starliner

Boeing’s Starliner spacecraft sends first astronaut crew to orbit

Starliner, would compete head-to-head with the SpaceX capsule, which since 2020 has been NASA’s only vehicle for sending ISS crew members to orbit from US soil

Middle East: Assets under management surge 13%, rising to $2.3tn, according to A BCG study

Middle East: Assets under management surge 13%, rising to $2.3tn in 2023

According to the Boston Consulting Group report, globally in 2023, assets under management rose by 12 pr cent to nearly $120tn

narendra modi

FII’s sell record $1.5bn in Indian equities after mixed results for Narendra modi-led BJP in 2024 elections

The Bombay Stock Exchange, which crashed 3,000 points on June 4, erased its entire 2024 gains in a single day on the back of poll results

indigo

IndiGo eyes lesser-known international destinations for next growth phase

IndiGo, is pushing deeper into India, where it flies to 88 cities, and has doubled its global network to 33 destinations from 15 two years ago

ChatGPT

OpenAI launches ChatGPT Edu for universities, to be available in 50 languages

ChatGPT can help with various tasks across campus, such as providing personalised tutoring for students and reviewing their resumes, helping researchers write grant applications, and assisting faculty with grading

India

India elections 2024: Modi’s alliance to win big, exit polls project

Exit polls project BJP-led alliance to win 350+ of 543 seats in India’s general elections

Nvidia To Report Quarterly Earnings

Nvidia set to overtake Apple as world’s second-most valuable company

Nvidia became the fastest company to grow from $1tn to $2tn in 2024

Boeing 737 max- boeing

Boeing can’t boost 737 MAX production yet: US FAA

FAA Administrator Mike Whitaker said he did not expect Boeing to win approval to increase production of the MAX imminently

Donald Trump

Donald Trump found ‘guilty’ in hush money case: A timeline of the historic conviction

Donal Trump has become the first US President to be convicted of a crime and faces sentencing on July 11