Beijing —  In the flagship Beijing store of the world’s biggest drone maker, display racks designed to showcase DJI’s famous flying products sit awkwardly empty. The Chinese capital is now effectively drone-free. Under sweeping new rules that took effect May 1, you cannot buy, rent, or fly them without approval within the city’s sprawling jurisdiction – …
The post China was the birthplace of recreational drones. Now you can’t buy one in Beijing appeared first on Egypt Independent.

Apple CEO Tim Cook is used to being asked about the company’s product strategy, tariffs and AI. But on Thursday’s earnings call, one analyst wanted to know: What advice would he give to his successor? Apple on Thursday reported second-quarter earnings and what Cook said was the company’s “best March quarter ever.” It was also …
The post Apple’s new CEO will inherit strong sales and even greater expectations appeared first on Egypt Independent.

The research department of HC Securities & Investment has released its latest evaluation of Commercial International Bank stock (COMI), projecting that Egypt’s banking sector profitability will benefit from a slower monetary easing cycle and a lower required reserve ratio (RRR). Heba Monir, economist and financial analyst at HC, said: “Egypt’s economy remains resilient amid geopolitical […]
The post Slower monetary easing to support banks’ profitability: HC first appeared on Dailynewsegypt.

There is a common, but mistaken, belief that when a bank grants a loan worth billions of pounds to a large company, it deducts these funds directly from customer deposits in an arbitrary manner. The reality, from both a scientific and banking perspective, is entirely different and is governed by a “precise rule or balance” […]
The post Opinion | How are large loans granted? first appeared on Dailynewsegypt.

Egypt’s Ministry of Tourism and Antiquities announced that a Spanish archaeological mission from the University of Barcelona along with the Institute of the Ancient Near East working at the ancient site of Oxyrhynchus (modern-day Al Bahnasa in Al Minya governorate) have uncovered, on 18 April, a mummy with a fragment of a literary text from Homer’s “The Iliad” placed on his abdomen. The Iliad, an ancient Greek epic poem composed around the late 8th or early 7th century BC and is set during the final weeks of the ten-year Trojan War. This marks the first known instance of a non-ritual literary work used in the mummification process. The discovery dated back approximately 1,600 years to Egypt’s Roman period. The papyrus fragment, though heavily degraded, has been identified as part of the “Catalogue of Ships” from Book II of the ancient Greek epic poem attributed to Homer. According to Ignasi-Xavier Adiego, a philologist at the University of Barcelona, who is part of the research team, the discovery marks a significant departure from previously known practices. “This is a big development for us,” he said. “Until now, we didn’t know that theyContinue reading "Ancient Mummy Found with Iliad Text"
The post Ancient Mummy Found with Iliad Text first appeared on Egyptian Streets.

  “I’ve got nature and art and poetry, and if that isn’t enough, what is?” Vincent Van Gogh, a Dutch painter, once said.  It takes only a couple of minutes after stepping into the Van Gogh exhibition, running until June 2026 at District 5, to truly and wholeheartedly understand what he meant when he said that nature, art, and poetry can sometimes, often, be all one needs to feel content. Once you walk into the exhibition, you feel completely separated from the world that all of us inhabit, and to enter the world of a painter who, despite the grueling, ugly, and dehumanizing experiences he went through, still created a world of his own that looked at nature with a close eye, and still chose to love the beauty of nature even amidst the ugliness of his world.  So far, in just the first few weeks since its opening, the exhibition has drawn in many admirers, particularly from Egypt’s artistic community. Egyptian artists like Yousef Hanbal, who has spent years studying Van Gogh’s work at university and his relationship with nature, have long been waiting for an exhibition like thisContinue reading "Learning to Fall in Love with Nature Through Art"
The post Learning to Fall in Love with Nature Through Art first appeared on Egyptian Streets.

Egypt's Minister of Youth and Sports Ashraf Sobhy mediated a breakthrough agreement on Monday between the Association of National Olympic Committees of Africa (ANOCA) and the Union of African Sports Confederations (UCSA), ending a long-standing dispute between the continent's two main sports (...)

Germany ranked seventh in the European Union for labour costs in 2024, with enterprises in manufacturing and services paying an average of €43.40 per hour worked, according to the Federal Statistical Office (Destatis).
This figure was about 30 per cent higher than the EU average of €33.50, (...)

The Ministry of Petroleum and Mineral Resources (MoMR) announced a new natural gas discovery in the Nile Delta, with projected production of  50 million cubic feet per day (mmcf/d) following the drilling of the exploratory well (Nidoco N-2) in the West Abu Madi area, co-operated by Italy’s Eni and the  UK’s British Petroleum (bp). Karim Badawi, […]
The post New Nile Delta Gas Discovery to Boost production by 50 mmcf/d first appeared on Egypt Oil & Gas.

Karim Badawi, Minister of Petroleum and Mineral Resources, issued a reshuffling of assignments that included the heads of certain companies in the petroleum and mineral resources sector. The aim is to strengthen petroleum sites with the necessary competencies to achieve future objectives and to facilitate the exchange of expertise, according to the Ministry of Petroleum […]
The post Badawi Issues New Leadership Transfers first appeared on Egypt Oil & Gas.