Ahmed Hagagy

1 month ago | ca.news.yahoo.com | Ahmed Hagagy

An aerial view taken with a drone shows Kuwait Telecommunication Tower and the surrounding in Kuwait CityKUWAIT (Reuters) -Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ease pressure on the grid before the start of a sweltering summer.

1 month ago | zawya.com | Ahmed Hagagy

Egypt expects to harvest 10 million tonnes of wheat this year, up from 9 million in 2023, driven by improved crop yields and ambitious land reclamation efforts, Agriculture Minister Alaa Farouk told Reuters late on Wednesday.

1 month ago | zawya.com | Ahmed Hagagy

SUKUKEgypt open to debt-for-investment swaps, similar to the Ras El Hekma development deal with the United Arab EmiratesApril 9, 2025KUWAIT: Egypt, which is short of foreign currency, plans to issue $2 billion in Islamic bonds or sukuks in 2025 via multiple offerings and has appointed banks for the issuance, Finance Minister Ahmed Kouchouk told Reuters on Wednesday.

2 months ago | zawya.com | Ahmed Hagagy

Oil-rich Kuwait temporarily cut electricity in some industrial and agricultural areas on Wednesday as demand for power surged due to hot weather, outstripping generating capacity that had been restricted by maintenance at power plants. Kuwait, a member of the Organization of the Petroleum Exporting Countries, last summer resorted to programmed load-shedding for the first time in years amid rising demand, urban expansion and plant maintenance delays.

Oct 24, 2024 | zawya.com | Ahmed Hagagy

KUWAIT - Kuwait signed 400 million dinars ($1.31 billion) of three-year road maintenance contracts with 18 local and foreign companies at a ceremony in the Sabhan industrial area on Wednesay. "This is the first time in Kuwait that 18 contracts have been signed, covering all areas of Kuwait," said Khaled Al-Osaimi, head of the Public Authority for Roads and Land Transport.