Latest news with #MissArabAfrica
See - Sada Elbalad
11-05-2025
- Business
- See - Sada Elbalad
Egypt's Annual Urban Inflation Rises to 13.9%
Taarek Refaat Egypt's urban inflation rate accelerated in April, reaching 13.9% year-on-year, compared to 13.6% in March, according to data released Saturday by the Central Agency for Public Mobilization and Statistics (CAPMAS). However, on a monthly basis, urban inflation slowed to 1.3% in April, compared to 1.6% in March. This is the second acceleration in inflation figures in the past 7 months. Consumer prices were higher last month and the previous month in August, impacted by increases in fuel and public transportation fares. This was due to a 6.7% increase in electricity, gas, and fuel prices, an 8.6% increase in private transportation prices, an 8.2% increase in transportation services prices, a 1.3% increase in vehicle purchase prices, a 1.2% increase in vegetables, and a 0.5% increase in grains and bread prices. Last April, Egypt raised petroleum product prices for the second time in six months, expecting to achieve savings of EGP 35 billion in the current fiscal year 2024-2025 budget. The price increase included all types of gasoline and diesel, with an increase of EGP 2 per liter. Over the past year, the government moved to raise the prices of several goods and services. Metro and train ticket prices increased in August 2024 by rates ranging from 12.5% to 25%, as part of the country's efforts to reduce subsidies on many essential services and commodities. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
See - Sada Elbalad
11-05-2025
- Business
- See - Sada Elbalad
Civil Protection Contains Massive Fire at Safir Square Heliopolis
Taarek Refaat Civil Protection forces were able to contain a fire that broke out in a residential building in the Safir Square area of Heliopolis. The Cairo Civil Protection Operations Room received a report of the fire, and fire engines immediately arrived at the scene. A security cordon was established to contain the flames. Civil Protection forces immediately reinforced the scene with fire trucks and ambulances in anticipation of any casualties and to quickly control the fire before it spread to the residential apartments in the building itself. The forces were able to control the fire within 60 minutes, containing the flames and preventing them from spreading to the rest of the building. Residents were evacuated, and electricity and gas supplies were cut off as a precaution, in case the flames exploded. Cooling efforts are currently underway to prevent the fire from recurring. The forensic laboratory was also dispatched to inspect the site of the fire, determine whether there was any criminal suspicion behind the outbreak, and assess the damage to the restaurant and the affected residential apartments. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
See - Sada Elbalad
11-05-2025
- Business
- See - Sada Elbalad
Train Network "BART" Outage Paralyzes Traffic in San Francisco
Taarek Refaat San Francisco experienced a near-total disruption to public transportation on Friday after a sudden stoppage on its major public transit system, disrupting all BART (Bay Area Rapid Transit) trains serving the Bay Area and causing widespread chaos during the morning rush hour. BART announced on its website: "Due to a computer network issue, BART services are suspended systemwide until further notice. Please seek alternative transportation." The shutdown forced tens of thousands of commuters to seek alternative ways to get to work, with images showing heavy traffic on buses and reports of traffic jams on the Golden Gate and Oakland Bay Bridges, vital routes connecting the city to its suburbs. BART spokeswoman Alicia Trost told ABC7 that the problem appears to be related to the system's operation after overnight maintenance, ruling out a cyberattack at this time. The San Francisco train outage coincides with another outage that hit busy Newark Airport, one of three major airports serving the greater New York area. The US Federal Aviation Administration (FAA) said a communications failure affected the Philadelphia Air Traffic Control Center, temporarily disrupting radar and aircraft communications over Newark. The failure occurred at 3:55 a.m. and lasted only about 90 seconds, according to a brief official statement. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
See - Sada Elbalad
11-05-2025
- Business
- See - Sada Elbalad
Nigerian State Bans Fuel Sales to Curb Jihadist Attacks
Taarek Refaat Borno State, located in northeastern Nigeria and known as a hotbed of jihadist insurgency, has announced a ban on fuel sales in several areas, a move aimed at restricting the movement of armed groups that have been active in the region for years. In an official statement, the state governor Babagana Umara Zulum said he had ordered "the immediate imposition of a ban on the sale of fuel in Bama town and other parts of its local authority," adding that the decision was part of a "strategy to support counter-insurgency operations." The decision is expected to limit the militants' ability to move and carry out attacks using vehicles, particularly in areas near the Sambisa Forest, the main stronghold of the Islamic State in West Africa Province (ISWAP), a splinter group from Boko Haram. Bama is the state's second-largest city after the capital, Maiduguri, and has witnessed bloody episodes of conflict in recent years, most notably the Boko Haram invasion in 2014, which killed hundreds of civilians. This decision comes as northeastern Nigeria experiences a new wave of violence. Increasing attacks since April have killed more than 100 people. The conflict, which began more than 16 years ago, continues, claiming the lives of more than 40,000 people and displacing nearly two million. Borno State, where Boko Haram emerged in 2009, remains a flashpoint for security tensions in Africa's most populous country, with security challenges persisting despite repeated military operations. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
See - Sada Elbalad
07-05-2025
- Business
- See - Sada Elbalad
Federal Reserve Keeps Rates Steady at 4.25%-4.5%
Taarek Refaat The US Federal Reserve held interest rates at their target range of 4.25% to 4.5% at the conclusion of its meeting on Wednesday, amid growing concerns about a slowing economy and the return of inflationary pressures. The US central bank is proceeding steadily, facing uncertainty over President Donald Trump's tariffs, an economy showing some signs of resilience—for example, April's payrolls—and a weak economy—such as the latest GDP report, according to CNBC. The Fed's decision to hold interest rates steady came amid concerns about the impact of President Trump's trade war on inflation, which the central bank has been combating for the past two years. Traders are listening closely to Federal Reserve Chairman Jerome Powell's speech, hoping he will shed more light on whether and when the central bank will cut interest rates. The Federal Reserve has held interest rates on hold since its last cut in December, pending an assessment of the impact of the tariffs. Fed officials face a difficult task in determining how the economy will respond to Trump's economic policies, as analysts point to high inflation and weak growth this year—a dangerous combination akin to stagflation. Over the past two years, the Fed has adopted a tight monetary policy to control inflation, which peaked at 9.1 percent in June 2022, its highest level in four decades. Between March 2022 and July 2023, the Fed raised interest rates by more than 5 percentage points, in one of the fastest monetary tightening cycles in modern history. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
