Browsing: Featured News

ADNOC Logistics and Services plc (ADNOC L&S) has finalized the acquisition of an 80% stake in Navig8 TopCo Holdings Inc. (Navig8) for $1.04 billion (AED 3.8 billion). The agreement also includes a contractual obligation to acquire the remaining 20% stake

Egypt welcomed 15.7 million tourists in 2024, achieving a record for inbound tourism despite ongoing geopolitical challenges in the region, according to Sherif Fathy, Minister of Tourism and Antiquities. The announcement came during Fathy’s participation in a meeting of the

Chinese stocks face mounting challenges despite initial optimism fueled by strong corporate performance and hopes for government stimulus. Major firms like Tencent and Contemporary Amperex Technology (CATL) ended 2024 with notable gains, reflecting investor confidence in China’s economic outlook. However,

The Republic of Korea’s foreign reserves saw a slight increase in December compared to the previous month but recorded their lowest year-end level in five years, according to data released by the Bank of Korea (BOK). The central bank reported

India has announced plans to fully power its Andaman and Nicobar Islands and Lakshadweep with 100 percent renewable energy. This initiative, driven by solar panels and windmills, marks a significant milestone in the country’s transition to sustainable energy sources. The

Emirates has introduced its first Airbus A350 into commercial service, marking a pivotal expansion of its fleet. The inaugural flight departed from Dubai International Airport to Edinburgh, signaling the beginning of the airline’s deployment of the advanced aircraft. The new

Asian markets displayed mixed performance on Thursday as trading resumed after the New Year holiday, with Chinese stocks leading losses amid weaker manufacturing data. Meanwhile, Singapore reported accelerated economic growth for 2024, signaling resilience despite regional uncertainties. China’s Caixin/S&P Global

South Korean cryptocurrency entrepreneur Do Kwon has been extradited to the United States to face charges related to the collapse of Terraform Labs, which resulted in estimated investor losses of $40 billion. Kwon, the co-founder of Terraform Labs, appeared in

Emirates SkyCargo has expanded its freighter network by introducing a dedicated weekly service to Copenhagen Airport, Denmark. The addition brings the total number of freighter destinations served by the carrier to 38, reflecting growing demand for cargo transportation in Scandinavia.

Egypt’s food industry exports surged to approximately $5.5 billion in the first 11 months of 2024, reflecting a 17% increase from the $4.7 billion recorded during the same period in 2023. This $813 million rise represents the highest export value