Unlocking billions for climate action: Why untapped potential of voluntary carbon market matters
Amidst escalating climate concerns, a powerful yet underutilized resource sits poised to accelerate the global transition to net zero: the Voluntary Carbon Market (VCM). A new report by the World…
Mishal Al-Ahmad Al-Jaber Al-Sabah sworn in as Kuwait’s new emir
Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah officially assumed the role of emir of Kuwait on Wednesday, taking an oath before the Kuwaiti National Assembly. He succeeds the late Emir Sheikh Nawaf…
Africa’s smartphone market defies headwinds with 12% Q3 growth, but 2024 could see slower expansion
Despite macroeconomic headwinds, import restrictions, and volatile currencies, Africa's smartphone market surged 12% year-on-year in Q3 2023, reaching 17.9 million units shipped. This resilience underscores the continent's strong underlying demand…
iSchool raises $4.5m to teach programming to children in MENA, Africa
iSchool, an Egyptian startup that teaches programming to children, has secured $4.5m in a funding round led by Capital Ventures Wave, an Irish venture capital firm. The round also included…
CIRA Education Plans to Invest EGP 700m in 2024
CIRA Education Holding Company, led by CEO Mohamed El Kalla, has announced its investment plan for 2024, which includes investments worth EGP 700m. El Kalla said in a press conference…
How others see us on social media may differ from how we see ourselves: Study
A new study in the open-access journal PLOS ONE on 20 December shows that people who view Facebook users’ posts may have different impressions of them than how the users…
Egypt, ACWA Power sign framework agreement for green hydrogen project worth over $4bn
A framework agreement for a green hydrogen project in the Suez Canal Economic Zone was signed in the presence of Prime Minister Mostafa Madbouly. The project developer is ACWA Power,…
Egypt, Jordan strengthen postal cooperation, exchange expertise
Jordan Post Chief praises Egypt Post's development process as a role model for Arab, international postal authorities
Ahmed Ezz acquires Jamal El-Garhy’s shares in Ezz Steel for EGP 344m
Egyptian businessman Ahmed Ezz has bought Jamal El-Garhy’s shares in Ezz Steel for EGP 344m. The deal involved about 4.3 million shares, with an average price of EGP 80 per…
Egypt eyes issuing debt instruments in Gulf currencies in Q1 2024
Egypt's Ministry of Finance is setting its sights on Gulf markets, with plans to issue bonds and sukuk denominated in regional currencies like Saudi riyal and Emirati dirham as early…