Brazilian prosecutors are suing Chinese electric car giant BYD and two contracting companies for human trafficking and alleged slave labor conditions at a build site, according to legal documents seen by AFP Thursday.
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Financial markets welcomed a US court ruling that blocks President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.
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Fawry (FWRY.CA), Egypt’s leading e-payments platform, has partnered with Bahrain-based CTM360, a global leader in digital risk protection, to boost cybersecurity.
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Despite a slight rise in new vehicle registrations this spring, industry experts say policy restrictions, import bottlenecks, and lingering effects of the currency crisis continue to suppress real supply and demand, leaving the sector running on fumes.
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Egypt and the European Union (EU) have concluded negotiations to extend the Partnership for Research and Innovation in the Mediterranean Area (PRIMA), a strategic programme focused on sustainable water and food systems.
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The Suez Canal Economic Zone (SCZone) has signed a $17m agreement with China’s Hightex Industrial to build a decorative fabric plant in the Qantara West Industrial Zone, boosting textile exports and deepening industrial ties with China.
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Prime Minister Mostafa Madbouly inaugurated a €22 million factory for car wiring systems in 10th of Ramadan City, operated by the Japanese company Sumitomo Electric on Tuesday.
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General Authority for Investment and Free Zones (GAFI) CEO Hossam Heiba revealed that 2,800 Chinese companies currently operate in Egypt, with total investments exceeding $8 billion.
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Gold experts and traders told Ahram Online that eased tariffs and geopolitical tensions are behind the significant increase in Egyptian gold exports.
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At the RiseUp Summit 2025 on Saturday, General Authority for Investment and Free Zones (GAFI) CEO Hossam Heiba announced that export-focused service startups can now set up headquarters in Egypt’s free zones with full tax and customs exemptions.
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Asian and European markets mostly rose Thursday ahead of weekend tariff talks between China and the United States, with London boosted by reports that a "major trade deal" flagged by Donald Trump was with Britain.
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Stock markets mostly advanced Tuesday as investors assessed the impact of tariffs on corporate earnings and digested a report that President Donald Trump might spare automakers from some of his levies.
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Stock markets rose Tuesday as investors digested strong bank earnings and shares in several auto giants surged over hopes of tariffs relief from US President Donald Trump.
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Egypt-based Dr. Greiche Group will invest EGP 500 million (around $10 million) in a new automotive glass production complex, the company said on Monday.
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Wall Street rose but European and Asian stock markets tumbled along with oil on Wednesday as President Donald Trump's trade war cranked up a notch.
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On the occasion of French President Emmanuel Macron’s official visit to Egypt, Sanofi, a global healthcare leader in the pharmaceutical industry, reaffirmed its commitment to advancing healthcare cooperation between France and Egypt.
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Prime Minister Mostafa Madbouly attended the signing ceremony on Tuesday for establishing nine industrial projects and two service centres as part of the Xin Feng Integrated Metallurgical Complex in the Sokhna Integrated Zone, part of the Suez Canal Economic Zone (SCZone).
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Global equities meandered Tuesday as Wall Street struggled to hold early gains while European stocks made modest gains as concerns eased over the next round of tariffs from US President Donald Trump.
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European and Asian stock markets traded mixed and gold hit another record high Wednesday as trade war worries cast a shadow and geopolitical concerns returned to the fore.
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Safe-haven gold surpassed $3,000 for the first time Friday, boosted by uncertainty over US President Donald Trump's tariffs, while stock markets gained on hopes US lawmakers will avert a government shutdown.
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