Osoul Misr

Saudi Arabia's PIF signs MoUs worth up to $51 bln with Japanese banks

31 أكتوبر 2024 06:40 م

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has signed five Memorandums of Understanding (MoU) with Japanese financial institutions worth up to an overall $51 billion, it s

Chinese factory activity expands for first time in six months

31 أكتوبر 2024 04:37 م

Chinese factory activity strengthened for the first time in six months in October, in a heartening signal for policymakers as they prepare a crucial fiscal package to support the world’s second-larges

Pending Home Sales in US See Biggest Gain Since Summer 2020

30 أكتوبر 2024 06:39 م

US pending home sales saw their biggest gain in more than four years in September, as a late-summer dip in borrowing costs and more selection on the market lured buyers.

Saudi Arabia Upbeat on FDI as 2030 Goal Remains Distant

30 أكتوبر 2024 05:39 م

Saudi Arabia sees recent trends in foreign direct investment moving in the right direction, while conceding the kingdom has a long way to go to meet its 2030 goal of attracting $100 billion a year.

German Economy Avoids Recession But Not Broader Crisis

30 أكتوبر 2024 04:58 م

Germany’s economy, Europe’s largest, has once again avoided a technical recession but businesses and consumers keep sending warning signals that the challenges engulfing the country are becoming harde

Mountain View Honored with Dual Accolades at the 2024-2025 African Property Awards Qualifying to Compete in The International Property Awards

30 أكتوبر 2024 04:41 م

Mountain View announced securing two awards at the 2024-2025 African Property Awards, qualifying the company to compete in the International Property Awards

Schneider Electric First in Industry to Obtain Higher Level Cybersecurity Certification for EcoStruxure™ IT DCIM Solutions

30 أكتوبر 2024 04:32 م

Simplifying the process of installing firmware Companies are challenged to keep up with firmware updates

Looming Debt Spiral in Emerging Markets Tests IMF and World Bank Safety Net

29 أكتوبر 2024 06:57 م

A liquidity crunch is brewing across the developing world, raising pressure on US-backed international financial institutions to help poor nations meet mounting debt repayments and drive much-needed i

Biden Finalizes Curbs on US Investing in China Chip, AI Tech

29 أكتوبر 2024 05:52 م

The Biden administration finalized restrictions on investments by US individuals and companies into advanced technology in China, including semiconductors, quantum computing and artificial intelligenc

La Vita Developmet starts constructions in La Vita 2 North Coast project reaching the second floor

29 أكتوبر 2024 04:53 م

La Vita Development Company announced a strong start of the construction works in its leading project "La Vita 2" in the North Coast, among an ambitious plan through which the company aims to enhance

HSBC to Buy Back $3 Billion Shares as Profit Beats Estimates

29 أكتوبر 2024 04:45 م

HSBC Holdings Plc announced a fresh multibillion-dollar stock buyback as it reported better-than-estimated earnings, days after unveiling a major overhaul of its businesses.

SODIC reports highest ever sales in a single quarter recording EGP 31 Bn in gross contracted sales in Q3 2024.

29 أكتوبر 2024 03:19 م

Sixth of October Development & Investment Company “SODIC” has released its consolidated financial results for the nine months ended 30th of September 2024.

VW Seeks Unprecedented Plant Closings as Auto Crisis Deepens

28 أكتوبر 2024 07:42 م

Volkswagen AG plans to close at least three factories, eliminate thousands of jobs and slash wages for tens of thousands of German workers as Europe’s biggest automaker tries to halt its tailspin.

الطلب على أسهم شركة تجزئة في الإمارات يتخطى المعروض منها

28 أكتوبر 2024 06:25 م

تلقت شركة لولو للتجزئة القابضة طلبًا على جميع أسهم طرحها العام الأولي بقيمة 5.27 مليار درهم (1.43 مليار دولار) بعد ساعة من فتح باب الاكتتاب على الصفقة، بحسب وكالة بلومبرج.

Boeing Launches $19 Billion Share Sale to Thwart Downgrade

28 أكتوبر 2024 06:14 م

Boeing Co. launched a nearly $19 billion share sale, one of the largest ever by a public company, to address the troubled planemaker’s liquidity needs and stave off a potential credit rating downgrade

Grocer Lulu’s $1.43 Billion Abu Dhabi IPO Sells Out in an Hour

28 أكتوبر 2024 05:29 م

Lulu Retail Holdings Plc had demand for all shares in its 5.27 billion dirhams ($1.43 billion) initial public offering an hour after books opened on the deal.

Madinet Masr Achieves a Significant Leap in Sales, Recording the Highest Total Value of EGP 36.7 billion by Q3 2024

28 أكتوبر 2024 04:22 م

Madinet Masr, one of Egypt's leading real estate developers, reported a strong performance during the first nine months of 2024

Israel Boasts Strategic Gains From Attack on Iran, But Quietly

27 أكتوبر 2024 09:06 م

After sending more than 100 fighter planes to attack Iran, the Israeli government is seeking to walk a fine line: Officials there believe the attack did significant strategic damage but want to allow

RSF Militia Attacks in Sudan Kill Over 120, Rights Group Says

27 أكتوبر 2024 08:26 م

More than 120 people were killed by militiamen belonging to the Rapid Support Forces in Sudan, a rights group said, as the United Nations decried indiscriminate shootings of civilians and acts of sexu

India Beefs up Defense Production With Airbus Plant in Gujarat

27 أكتوبر 2024 06:12 م

India will open its first private military aircraft manufacturing facility on Monday as the South Asian nation ramps up its local defense production to cut reliance on imports.

China Industrial Profits Extend Drop as Deflation Takes Tol

27 أكتوبر 2024 05:02 م

Profits at China’s industrial firms in September declined at a faster pace than a month earlier, as deflationary pressures sap the strength of corporate finances.

China Warns US It Will Respond to Latest Taiwan Weapons Sales

27 أكتوبر 2024 04:55 م

China said it filed a diplomatic complaint with the US and reserved the right to retaliate after the latest American weapons sales to Taiwan, escalating tensions in their dispute over the archipelago.

Morocco Aims to Loosen Currency Peg to Euro-Dollar in 2026

26 أكتوبر 2024 06:13 م

Morocco aims to loosen the kingdom’s exchange rate regime in 2026, returning to a gradual reform process that was halted during the pandemic, the central bank governor said in an interview.

Senegal to Revise IMF Program After Audit Shows Higher Deficit

26 أكتوبر 2024 04:55 م

Senegal’s program with the International Monetary Fund needs to be reworked after an audit showed higher debt and budget deficit than previously reported.

Strategic Partnership to Drive Investment in Iraq’s Emerging Sectors

24 أكتوبر 2024 07:03 م

A major new agreement was announced in Baghdad, as the Iraq Development Fund and ELSEWEDY ELECTRIC (EE) signed a memorandum of understanding to launch the "Localization Fund."

Madinet Masr Signs Partnership Agreement to Develop a Fully Integrated Residential Project in New Heliopolis with Zahraa Maadi Investment and Development Company.

24 أكتوبر 2024 06:53 م

Madinet Masr, one of the leading real estate development companies in Egypt, announced the signing of a contract to develop a 42-feddan plot of land in New Heliopolis in partnership with Zahraa Maadi

Russia pushes for BRICS clearing, depository system to sidestep the West

24 أكتوبر 2024 06:36 م

Russia has set out proposals for a unified depository and clearance system for BRICS countries, as it seeks to persuade member nations to deepen financial cooperation without the involvement of the We

Living Yards Developments Launches "Solay": A Unique Residential Community in New Cairo

23 أكتوبر 2024 08:29 م

Living Yards Developments has officially launched its latest project, Solay, a premium residential community spanning 31 acres in New Cairo.

September home sales in the US drop to lowest level since 2010

23 أكتوبر 2024 07:09 م

Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the Nation

Turkey Says State Defense Firm Targeted in Deadly Terror Attack

23 أكتوبر 2024 07:00 م

Facilities of Turkish state-run defense firm TAI, also known as TUSAS, were targeted in a “terror attack” that claimed an unspecified number of lives, a government official said.