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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Egypt looks to neighbors, and beyond, for power supply

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  • The ministry is studying a huge project for power linkage with Cyprus, Crete and Greece
  • Shaker said the launch of power projects to connect with Libya is a strategic goal for the two countries

In order to make sure that Egyptians get an uninterrupted supply of electricity, Egypt has taken steps to strengthen power  linkage lines with neighboring countries such as Jordan, Sudan and Libya to ensure uninterrupted electricity supply to the country, Asharq Al-Awsat quoted Egyptian Minister of Electricity Mohamed Shaker as saying.

The minister said the country is also considering expanding its efforts to Europe through maritime cables to fill existing gaps between supply and demand.

Shaker said the launch of power projects to connect with Libya is a strategic goal for the two countries.

The ministry is studying a huge project for power linkage with Cyprus, Crete and Greece.

The Egyptian Nuclear Power Plants Authority recently submitted the necessary documents to obtain permission to start construction on the first nuclear plant in El-Dabaa, Marsa Matrouh, to generate 4,800 MW of electricity.