Economy
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Egypt, Saudi Arabia’s Acwa Power sign $4 bln green hydrogen deal
Egypt has signed a $4 billion deal with Saudi Arabia’s Acwa Power company to develop a green hydrogen project, Egypt’s…
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GE Aerospace tests 10 different aircraft engine models with 100 pct sustainable fuel
One of the most expansive programs for testing the alternative aviation fuel in the industry is being undertaken by GE…
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Shipping insurance for Red Sea transit soars after mounting attacks in region
The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the…
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Cash-strapped Egypt looking for expanded IMF loan now election is over
With Egypt’s elections over, the cash-strapped nation is poised for an increase in financial aid that may ease its dollar…
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Fears of higher oil prices after Red Sea attacks
Attacks on commercial ships in the Red Sea risk pushing up the price of oil and other goods, analysts have…
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What do Red Sea assaults mean for global trade?
Global supply chains could face severe disruption as a result of the world’s biggest shipping companies diverting journeys away from…
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Europe and US extend trade truce over Trump tariffs
The European Union and the US have agreed to pause their trade war until after the presidential election. US tariffs…
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Wasted wind power adds £40 to household energy bills, says think tank
Wasted wind power will add £40 to the average UK household’s electricity bill in 2023, according to a think tank.…
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No need for urgent OPEC+ actions, oil prices rising: Russia’s Novak
Russian Deputy Prime Minister Alexander Novak said on Tuesday there was no need for immediate action from the OPEC+ group…
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Apple halts some Watch sales in the US
Apple will stop selling its latest watches in the US, after the US found it had violated patent rights. An…
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