The Federation of Egyptian Chambers of Commerce (FEDCOC) and the Egyptian Customs Authority signed a guarantee agreement to adopt and implement the UN Convention on International Road Transport (TIR), aiming to develop Egypt's transit trade system, according to a cabinet statement on Monday.
|
Major German carmakers saw sharp quarterly sales declines in China as domestic demand weakened and competition heated up in the world’s biggest auto market.
|
French tycoon Xavier Niel is to pay 5.1 billion euros ($5.8 billion) to become the largest shareholder in British mobile phone giant Vodafone, his family-owned acquisition vehicle Vega said Friday.
|
Chinese technology firm Jiangsu Changhong Intelligent Equipment plans to establish a $20 million industrial complex to provide integrated solutions for the automotive industry in Egypt, according to a cabinet statement.
|
Wall Street and oil prices are holding steady on Thursday in the wait to see what will come next after President Donald Trump raised doubts about the temporary truce in the war with Iran.
|
ABB Egypt, a subsidiary of Swedish-Swiss technology solutions multinational corporation ABB, is planning to expand exports of its locally made products, increase the use of local components, and reduce its carbon emissions as part of its plan to improve operations in Egypt, the Industry Ministry stated on Wednesday.
|
Wall Street stocks dropped Wednesday after US President Donald Trump said a ceasefire with Iran was "over," with oil prices soaring on the back of renewed fighting in the Middle East.
|
Amazon Egypt is deepening its integration with Egypt's private sector by expanding procurement from local manufacturers, SMEs, and farmers while growing its logistics network, a strategy the company says has supported more than 100,000 direct and indirect jobs since entering the market in 2021.
|
Egypt’s Financial Regulatory Authority (FRA) has approved the issuance of ten new licenses for several non-banking financial activities, as part of a push to expand investment and citizens' access to financial services, the cabinet stated on Tuesday.
|
Stock markets traded mixed Tuesday as investors tracked concerns over the AI sector's outlook, while oil prices climbed after two tankers were attacked near the Strait of Hormuz.
|
Modon Ras El-Hekma for Urban Planning and Development has awarded Hassan Allam Holding's construction arm, Hassan Allam Construction, a contract to develop the Montage Hotel and branded residences at Ras El-Hekma, marking a new luxury hospitality and residential project on Egypt's North Coast, the company said in a statement on Monday.
|
Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) has launched a regional digital centre in Cairo to provide technology, artificial intelligence (AI), and software engineering services to its operations across Europe and Africa, the Egyptian ministries of finance and investment stated on Sunday.
|
Gold prices in Egypt fell by EGP 1,045, or 15.5 percent, in June, the sharpest monthly decline in years, as exchange-rate stability and a stronger Egyptian pound reduced the US dollar's influence on local gold pricing, leaving global bullion prices, US Federal Reserve policy, and geopolitical developments as the main drivers of the precious metal, experts told Ahram Online.
|
The Suez Canal Economic Zone (SCZone) has inked an agreement with Chinese firm Zhongtian Group's subsidiary Zenith Steel Group to establish an automotive tire component and steel wire production plant worth $300 million, per a Wednesday cabinet statement.
|
Stock markets dropped Wednesday amid profit-taking as the new head of the Federal Reserve, Kevin Warsh, gave no indication of the timing of likely US interest-rate rises.
|
Jotun Egypt has expanded its local manufacturing of advanced passive fire protection coatings, a move the company says will strengthen Egypt’s industrial capabilities, support major infrastructure projects, and reduce reliance on imported fire protection solutions.
|
Renewed buying of technology stocks drove equity markets higher Tuesday while the yen held around a four-decade low against the dollar, reflecting Japan's low interest rates as US rates trend higher.
|
Egyptian e-payment solutions provider Fawry has inked an agreement with multinational cloud software system provider NARD to deliver an integrated Point-of-Sale (POS) and digital payment solution for merchants, according to a company statement released on Monday.
|
Egypt will host the third edition of the Global Entrepreneurship Festival from 6 to 9 November 2026 in Cairo, as entrepreneurship and innovation become increasingly important drivers of sustainable economic growth and job creation, Industry Minister Khaled Hashem announced on Saturday.
|
The US stock market is drifting in mixed trading on Thursday after several artificial-intelligence stocks veered back up the roller coaster, while Apple dropped after hiking prices on many of its products.
|