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Category: Business 9423

European Stocks Decline Amid Tensions in France and Concerns Over US Central Bank Independence
Business
  • 1 mins read

European Stocks Decline Amid Tensions in France and Concerns Over US Central Bank Independence

European stocks declined due to losses in French shares amid political uncertainty, and reduced appetite for high-risk assets globally following concerns over US central bank independence.

European Stocks Decline Amid Tensions in France and Concerns Over US Central Bank Independence
Business
  • 1 mins read

European Stocks Decline Amid Tensions in France and Concerns Over US Central Bank Independence

European stocks declined due to losses in French shares amid political uncertainty, and reduced appetite for high-risk assets globally following concerns over US central bank independence.

Fuel Station in Assiut Seized for Illegally Handling 28,600 Liters of Diesel and Gasoline on the Black Market - Youm7
Business
  • 1 mins read

Fuel Station in Assiut Seized for Illegally Handling 28,600 Liters of Diesel and Gasoline on the Black Market - Youm7

The Assiut Supply Directorate conducted a surprise raid on a fuel station in New Assiut City, seizing 28,600 liters of diesel and gasoline collected and handled illegally on the black market.

Signed Jordan and Bryant Basketball Card Sells for $13 Million
Business
  • 1 mins read

Signed Jordan and Bryant Basketball Card Sells for $13 Million

A basketball card signed by Michael Jordan and Kobe Bryant was sold at auction for nearly $13 million, setting a new record for any sports card.

Mohieddin: COP30 Must Deliver Tangible Results on Financing - Youm7
Business
  • 1 mins read

Mohieddin: COP30 Must Deliver Tangible Results on Financing - Youm7

Dr. Mahmoud Mohieddin emphasized the essential mobilization of financial resources from all sources to achieve a real green economy transition and support developing countries’ nationally determined contributions during COP30.

Cabinet Information: Coal Production Expected to Decline Due to Weak Demand and Stockpile Accumulation
Business
  • 1 mins read

Cabinet Information: Coal Production Expected to Decline Due to Weak Demand and Stockpile Accumulation

The International Energy Agency report noted a 1.5% rise in global coal demand in 2024 to 8.79 billion tons, with a slight decline expected in 2025 and 2026 due to weak demand and stockpile buildup, amid notable regional differences between China, India, the US, and the EU.

Prime Minister Follows Up on Implementation Mechanisms of the Law Regulating Some Provisions of State Ownership - Youm7
Business
  • 1 mins read

Prime Minister Follows Up on Implementation Mechanisms of the Law Regulating Some Provisions of State Ownership - Youm7

Prime Minister Dr. Mostafa Madbouly held a meeting in New Alamein City to follow up on the implementation of Law No. 170 of 2025 regulating state ownership in companies owned or contributed to by the state, attended by ministers and economic officials.

Cabinet Information: Production Expected to Decline in 2026 Due to Weak Demand and Stockpile Accumulation
Business
  • 1 mins read

Cabinet Information: Production Expected to Decline in 2026 Due to Weak Demand and Stockpile Accumulation

The IEA report noted a 1.5% increase in global coal demand in 2024 to 8.79 billion tons, with a slight decline expected in 2026 due to weak demand and stockpiling.

Healthcare Chief Discusses Cooperation with Russian Company on Investment in Nuclear Medicine and Advanced Radiotherapy
Business
  • 1 mins read

Healthcare Chief Discusses Cooperation with Russian Company on Investment in Nuclear Medicine and Advanced Radiotherapy

Dr. Ahmed El-Sobky, head of the General Authority for Healthcare, met with a high-level Russian delegation to discuss cooperation in establishing an international center for tumor diagnosis and treatment using nuclear medicine and radiotherapy, and enhancing AI-supported mobile healthcare services.

German Automotive Sector Loses Over 50,000 Jobs in One Year
Business
  • 1 mins read

German Automotive Sector Loses Over 50,000 Jobs in One Year

The German automotive sector lost about 51,500 jobs last year, representing nearly 7% of total sector employment, amid a 2.1% decline in industrial jobs overall within one year.