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Khaled Badr

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Khaled Badr

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  • منضم منذ 2024
Tesla vehicles

Tesla's Europe sales plunge 49% on brand damage, rising competition

Tesla has faced brand damage over the past few months

*"IMKAN Misr" Signs Contracts Worth EGP 2.1 Billion*

IMKAN Misr , a leading real estate development company, has announced signing an agreement with Forward construction for the construction of three new residential areas within Alburouj project, one of the largest integrated residential communities in New Heliopolis, with total investment of approximately EGP 1.6 billion.

The pan European STOXX 600 index tumbled 0.7%on earnings gloom،weak US economic

The pan-European STOXX 600 index (.STOXX), was 0.7% lower, at the close in London after shedding as much as 1.4% by 12:15 p.m. today Yhursday, in London, its biggest intraday slide since April, that European stocks tumbled on the busiest day of the corporate earnings season, following underwhelming reports from a slate of companies including Kering SA and Nestle SA.

Israeli fighter jets strike Hodeidah،1st time following deadly Houthi drone attack Tel Aviv

Israeli fighter jets struck Houthi military targets in the area of Hodeidah port in Yemen and at least 3 people died and more than 80 people were wounded, most with severe burns, in airstrikes that targeted oil facilities and a power station at Hodeidah, a day after a drone launched by the Iranian-backed group hit Israel's economic hub Tel Aviv.

American mortgage rates to decline from 7%now to 6% by next year

American mortgage rates dropped for the fifth time in six weeks as Fed Rate-Cut expectations mount and homebuyers are starting to see slight signs of relief and ortgage rates in US have eased in recent weeks from more than 7%, where it hovered in April and May to less than 6.9% and it is expected to decline to 6% by the end of next year.

Ursula von der Leyen: signing more than20memoranda of understanding، worth $42.85 billion

Ursula von der Leyen President of European Commission annonced, at the presence of President Abdel Fattah El-Sisi, that European companies would sign more than 20 memoranda of understanding, potentially worth more than 40 million euros ($42.85 billion) with Egyptian government and companies, emphasizing their commitment to more financial support to Egypt on the sidelines of the activities of the

Nike Stock declined 20% Friday to its lowest price since March 2020

Nike Stock price nosedived Friday, more than 20.3% to USD 75, the lowest price since March 2020; other than that month, when the global stock market briefly crashed due to COVID-19 lockdowns, it’s the sneaker and athletic wear American company lowest price since January 2019 and on pace for its steepest single-day drop since 2001 and the second-worst day in its 44-year history as a publicly tra

Wealthy Americans tourists will make Europeans feel like poor cousins at the Paris Olympics

Wealthy Americans are again expected to flock to Europe in droves this summer, where they’ll splash out on pricey hotels at the Paris Olympics or in the Mediterranean, vie for Taylor Swift concert tickets and dispense generous restaurant tips as the tourism industry, which contributes 10% of European Union gross domestic product, will be delighted to welcome these big spenders, however, the lo

Hong Kong rental prices boosted to prepandemic levels by mainland Chinese immigration

Hong Kong rental prices have finally recovered to pre-pandemic levels as mainland Chinese students and professionals flock to the city that residential rents climbed for three straight months ending May to reach the highest level since 2019 and the most notable rent increases have occurred in areas traditionally favored by mainland tenants, while this resurgence in the rental market is providi

France’s green energy threatened of stalling if le Pen’s party wins elections

France’s green energy plans to expand renewable energy and fuel by moving away from fossil fuels are under threat from Marine Le Pen’s far right nationalist party, which might win the most seats in legislative elections within weeks and scrap key environment policies as le Pen’s National Rally has pledged to roll back major planks of the European Union’s historic Green Deal and its victory cou

More than 550 hajj pilgrims die in Mecca amid scorching heat

More than 550 hajj pilgrims have died in Mecca amid scorching heat, including 323 of the dead were Egyptians, most of whom perished due to heat-related illness anf 35 Tunisian citizens have died during the haj, as many of those deaths were due to extreme heat in Mecca , family members said on social media, and other families continued to search for missing relatives in Saudi hospitals.

Nvidia Corp market value surge to$3.3 trillion، the world’s most valuable company

Nvidia ’s stock rose 3.5% to close at $135.58 a share Tuesday, putting the company’s market value at about $3.3 trillion and catapulting it over those of Microsoft and Apple as the top stocks have jockeyed all month for the pole position, with Nvidia finally edging past both of its big-tech peers, thanks to its relentless rally which has propelled the semiconductor giant’s market capitalizatio

Egypt to make its biggest purchase of LNG to avoid shortages during extreme summer heat

Egypt plans to make its biggest purchase of liquefied natural gas in years as it steps up efforts to ease energy shortages amid extreme summer heat and taps market for LNG to ease impact of extreme summer heat, while state-run Egyptian Natural Gas Holding Co., EGAS, is asking the market for at least 17 shipments of the super-chilled fuel for delivery over the next three months, according to trad

Pope joins G7summit for 1st time to raise alarm about AI، China to dominate final day

G7summit , attended by Group of Seven (G7) leaders hold a final day of talks at their annual summit on Friday, with China topping the agenda before Pope Francis who puts in a historic appearance to discuss artificial intelligence (AI), will be joined by 10 other heads of state and government, including the prime minister of India and the king of Jordan, as the G7summit throws open its doors to o

"Beta Egypt" achieved great success at the “Hazi Misr” exhibition، Riyadh

Beta Egypt for Urban Development Company witnessed great demand for its real estate projects during its participation in the 25th Hazi Misr exhibition, which was held from May 16 to 18, 2024, in Riyadh, the Kingdom of Saudi Arabia.

Dubai Mall، owned by Emaar Properties،one of the world’s largest، plans$400million expansion

Emaar Properties the Dubai mall ’s developer, this week announced that the Mall in Dubai, United Arab Emirates, one of the largest shopping complex malls in the world with 1200 stores and 200 food and beverage outlets, is set to get even bigger with a planned expansion that will cost an estimated 1.5 billion dirhams ($408 million) to add 240 new luxury stores and food and drink venues.

World oil prices plunged 6% in two days to 4 month lows

World oil prices plunged about 6% in two days this week to 4 Month lows as OPEC+ move is seen as bearish, signaling that OPEC+'s policy move disappointed markets as Brent crude was down 1.35% to $77.36 a barrel, while WTI fell 1.5% to $73.08 a barrel, while the perception that geopolitical risks in the middle east to crude supplies are ebbing has also added to the declines.

Al Sadeem Architects & Consultants to expand into the Egyptian market with EGP15 billion projects

Al Sadeem Architects and Consultants Office contracted to design and supervise major and distinctive projects in the Egyptian market with a business volume exceeding EGP 15 billion, in a new start after major precedent work, expertise and supervising in the field of consulting and design for strategic projects in the Emirates and the Kingdom of Saudi Arabia, including “NEOM,” the development o

Elon Musk backs off Tesla goal to make20million green cars a year

Elon Musk, Tesla CEO, announced that the U.S. automaker and the world's largest green cars company, has left out its goal of delivering 20 million green vehicles a year by 2030, twice as many as those sold by Toyota, the Japanese company and the world's largest automaker, in the American automaker latest impact report published last week, in another sign that the American company was moving away

China property shares gained5%this week with government intervention to ease houses crisis

China 's CSI 300 Real Estate index gained 5% this week and shares of Chinese property developers rose on Friday as investors expected authorities to announce more measures to stabilise the crisis-hit houses sector, with fresh data showing the fastest drop in new home prices in more than nine years and it remained unclear how any government intervention would be funded, with local governments

Beijing to Buy millions of unsold homes to revive Chinese Property Market

Beijing is weighing a proposal to have local governments nationwide purchase millions of unsold homes to save Chinese Property market in a move which comes as officials vow to address biggest drag on economy and in what would be one of its most ambitious attempts yet to salvage the beleaguered real estate market, said some Officials familiar with the matter, asking not to be identified discuss

Altus Group:Europe's commercial property values fell 0.5%last quarter،the best 1stQ performance since2022

Altus Group Limited, the Canadian provider of asset and fund intelligence for commercial real estate, announced that Europe's commercial property slump is easing up as values fell just 0.5 % in the three months to March to achieve the best first-quarter performance since the 2nd quater in 2022 and a significantly slower rate of decline than the 3.4 % drop recorded in the final quarter of last ye

Electric luxury Cadillac Lyriq sales jumped488% in1stQ.to win US green car wars

Electric luxury Cadillac Lyriq is the dark horse in US green car wars as its sales jumped by more tan 488 % during the first quater (1st Q) in this year to reach 5800 units from just 986 ubits in the same quater in 2023 as the luxury SUVs are the only bright spot left in the American EV market, and GM’s new Caddy is outselling models from Mercedes and BMW that its sales increased about 7403 %

Joe Biden to Impose Tariffs on China electric vehicles after review of Trump era duties

President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as Tuesday this week, which represents the culmination of a review of so-called Section 301 tariffs first put into place under Donald Trump starting in 2018, and one that’s expected to target key strategic sectors such as electric vehicles, batteries and solar cells, while rejecting the acros

Tyson Foods، an America's biggest meat، poultryCo.، dumps186thousand tons of toxic chemicals into US rivers and lakes

Tyson Foods, a multibillion-dollar company, one of America's biggest meat and poultry processors and owned by Billionaire John Tyson, released 186 thousand tons of toxic chemicals from 41 factories or 87 billion gallons contaminated with cancer-causing cyanide, nitrates, chloride, phosphorous and oil directly from 41 plants into public waters such as rivers and lakes across 17 states between 2

Florida Boca Raton 's most expensive waterfront house sold for a record $40M

Florida Boca Raton 's most expensive waterfront property, which is set over 1.7 acres in the fancy Royal Palm Yacht & Country Club, with 10,000 square foot main house boasts a primary bedroom with expansive water views, double bathrooms, a workout area and a private rooftop patio has been sold for a record $40 million, but it is being demolished as the buyers want to build a new property there wit

Egyptian fine artist Sarah Abd Rabbo، the only foreigner، to head Malaysian DIFCON 2024

The Egyptian fine artist, Professor Dr. Sara Abd Rabbo Sara A. Abdoh, Head of the Department of Sculpture, Architectural Formation and Restoration at the Faculty of Applied Arts at Benha University, is selected by the Malaysian Multimedia University (MMU) to become the main speaker for the International Scientific Congress for the Digital Future: Intelligence for a Sustainable Future (DIFCON 202

Emmanuel Macron to deliver his vision for stronger defences، economic reforms or else Europe may vanish

Emmanuel Macron, the French president, delivers a speech about his vision for stronger defences, economic reforms or else Europe may vanish, next to slogans reading 'A powerful Europe' and 'A Europe that controls its borders' in the amphitheatre of the Sorbonne University in Paris, France, as he wants to set the stage for more robust European defense and drive support for Kyiv, yet he faces a ba

Benjamin Netanyahu to establish enormous tent city for more than one million Palestinians refugees

Benjamin Netanyahu, the Israeli prime minister, who warns that his troops must achieve complete victory over Hamas, has insisted to establish enormous tent city and to evacuate the more than one million Palestinians who have sought refuge in Rafah, the last standing city in the Gaza Strip, before his six-week invasion of Rafah operation that will likely start in May, as around 80% of the terr

Global gold prices surged by15%to a fresh record during the past 15weeks

Global gold prices jumped by more than 15%, or more than $300, during the past 15 weeks from the beginning of this year until the close of trading yesterday, Friday, to exceed $2,374 per ounce for futures prices on the American COMEX exchange, to record the highest level in its history, in its best start since 2017 to surpass the gains it achieved throughout last year, which amounted to about $2

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