Category : Economy & Business

FALCONPOWERS – The Egyptian Ministry of Petroleum and Mineral Resources announced that it has commenced the construction of two solar power stations with a cost of 1 billion Egyptian pounds ($20.30 million), funded by the European Union. According to the ministry’s statement, the project to generate electricity using solar cells......

FALCONPOWERS – Indian Minister of Commerce, Sunil Barthwal, stated on Monday that the Indian government will make a decision regarding its trade policies to mitigate any potential impact on trade resulting from the tensions between Iran and Israel, once the full extent of its impact becomes clear. Barthwal told reporters,......

FALCONPOWERS – The Iranian attack on Israel earlier this week has increased the near-term geopolitical risks in the oil market, prompting some banks to raise their price expectations. Iran launched an attack on Israel with over 300 drones and missiles late on Saturday in response to an alleged Israeli attack......

FALCONPOWERS – Data from IDC research company revealed that Apple’s smartphone shipments declined by approximately 10% in the first quarter of 2024, under intense competition from Android-based smartphone manufacturers who secured the top spot globally. Global smartphone shipments, however, increased by 7.8% to reach 289.4 million units during the period......

Falcon powers – A former executive director of the People’s Bank of China (PBOC) has been accused of embezzlement and bribery as part of a wave of judicial crackdowns on senior officials involved in financial crimes. Tang Shuangning, who held high positions in the PBOC and the China Banking Regulatory......

Falcon powers –  The amount of projects completed by the Turkish construction sector outside the country reached $4.3 billion in the first quarter of 2024, with Russia emerging as the largest market for this vital sector. The Turkish construction sector executed 40 projects outside Turkey in the first three months......

Falcon powers – Former President Donald Trump stated during a joint press conference with House Speaker Mike Johnson that the Republican Party is considering the possibility of resuming aid to Ukraine, but in the form of loans only. Trump’s remarks came during a press conference with Johnson following a meeting......

Falcon powers – The Egyptian government is working on immediate customs clearance for essential goods and supportive production supplies directly related to industries. The total value of released goods from the beginning of March until now has exceeded $8 billion. Mohamed Maait, the Egyptian Minister of Finance, explained that this......

FALCON POWERS – The Chinese Ministry of Finance has criticized Fitch Ratings’ report, which maintained China’s sovereign debt rating at A+ but revised its future outlook from positive to negative. The ministry stated that China’s deficit is at a moderate level, and risks are under control. Fitch estimated that the......