Browsing: Business

According to the latest FBI Internet Crime Report 2023, losses stemming from cryptocurrency investment scams in the United States skyrocketed to $3.94 billion in the past year, marking a significant 53% increase from $2.57 billion recorded in 2022. The FBI’s report

Bitcoin, the digital currency famed for its wild price swings, has once again surged to new heights, only to see a rapid descent shortly after. After languishing for a couple of years, Bitcoin surpassed its previous all-time high of nearly

The Central Bank of Egypt (CBE) has announced a significant shift in monetary policy, opting to let market dynamics dictate the value of the Egyptian pound (EGP). Simultaneously, the bank has raised interest rates by a substantial 6 percent. This decision, strategically

Sanad, a leading entity in aerospace engineering and leasing solutions under Abu Dhabi’s Mubadala Investment Company, has formed a groundbreaking partnership with Deucalion Aviation, a major force in aircraft asset management, financing, and investment. This collaboration is set to revolutionize Maintenance, Repair,

MENA Newswire, a leading content distribution network in the Middle East, Africa, and Asia, has leveraged edge computing technologies to enhance its service offerings. The company, known for its multilingual support in 20 languages, has integrated Content Delivery Networks (CDNs) and Points of

Abu Dhabi Future Energy Company PJSC – Masdar, a prominent clean energy entity based in the UAE, has finalized its purchase of a 49 percent stake in the 3-gigawatt (GW) Dogger Bank South (DBS) project, marking one of the largest planned offshore wind

Leading petrochemical company, Borouge, known for its innovative polyolefin solutions, has announced the opening of new offices in Kenya and South Korea. This strategic move aims to expand the company’s market presence in high-growth regions. The expansion marks a significant step

In a strategic move aimed at bolstering their presence in the burgeoning Asia Pacific market, Goldman Sachs and Mubadala Investment Company have inked a landmark $1 billion partnership agreement. The deal, structured as a separately managed account, will see Mubadala and Goldman Sachs

Ebay, a major player in e-commerce, has reportedly made substantial changes within its Web3 division, resulting in a significant downsizing. Approximately 30% of the division’s employees have been laid off, including a key figure, David Moore, founder of Knownorigin, an NFT

In a groundbreaking move, Egypt and the United Arab Emirates (UAE) have inked a historic investment partnership agreement aimed at transforming the Ras al-Hikma peninsula, situated west of Alexandria, into a premier global destination. This monumental deal, heralded as one