Markets largely steadied Wednesday as traders waited to see if Mideast peace talks resume, though share prices of Gucci parent Kering and French luxury group Hermes tumbled on weak earnings linked partly to the conflict's fallout.
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French carmaker Renault said Tuesday that it plans to reduce its number of engineers by 15 to 20 percent in the coming two years as it seeks to remain competitive.
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Egypt’s Ministry of Industry is planning to expand investments and operations in building material manufacturing in cooperation with French construction materials group Saint-Gobain, the ministry stated on Sunday.
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Egyptian engineering and construction firm EDECS has signed an agreement with Swiss inland logistics and supply chain management firm MEDLOG to launch a new dry port in Egypt's 10th of Ramadan City.
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Prime Minister Mostafa Madbouly on Tuesday witnessed the signing of a $215 million chemicals project in Ain Sokhna, as Egypt steps up efforts to attract high-value-added private investments and localize key industries, the cabinet stated on Wednesday.
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Oil prices jumped and stocks slumped on Tuesday after US-Israeli strikes on the key Iranian oil export terminal of Kharg island, with investors bracing for US President Donald Trump's looming deadline for Iran to reopen the Strait of Hormuz or face devastating attacks.
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Egypt has called on American companies to invest in data centres and renewable energy plants as Cairo seeks to strengthen industrial and trade ties with the US.
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Oil rose more than 10% and US futures tumbled Thursday after President Donald Trump said in his first national address since the Iran war began that the United States will escalate its campaign in the coming weeks.
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World shares were higher, and oil fell briefly below $100 per barrel on Wednesday after US stocks soared to their best day in almost a year on renewed hopes that the war on Iran could soon end.
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US stocks are jolting higher Tuesday as the spike for oil prices because of the war with Iran slows.
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Oil prices fell more than 5% and world shares gained on Wednesday over the possibility of a de-escalation of the Iran war and negotiations between the United States and Iran. US futures were up 0.9%.
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Egypt’s car market has entered a new phase of instability, with the return of unofficial markups (overpricing) and fresh price increases driven by escalating regional tensions, a weaker currency, and higher shipping costs, reversing much of the stability seen in 2025.
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Oil prices stabilized, and Wall Street futures fell early Friday as the three-week-old US-Israel war on Iran and Iranian retaliatory attacks on Arab Gulf countries jolted global markets.
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Beltone Asset Management has received initial approval from Egypt’s Financial Regulatory Authority (FRA) to launch “Fadda,” the country’s first silver-focused investment fund offering cumulative daily returns, in a move set to broaden Egypt’s alternative investment options, the company said in a statement on Wednesday.
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Egypt is stepping up efforts to localise its automotive industry through planned expansion with General Motors (GM), as the government looks to position the country as a regional manufacturing and export hub.
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Egypt’s food processing sector is emerging as a key driver of industrial growth and food security, with a market value of around $30 billion and strong export momentum, but significant gaps in infrastructure and technology continue to limit its full potential, according to a new market scan report.
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Egyptian developer Talaat Moustafa Group (TMG) has partnered with CI Capital to launch an EGP 8 billion real estate investment fund backed by income-generating commercial assets, according to a disclosure to the Egyptian Exchange (EGX) on Wednesday.
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Saudi Arabia-based consulting firm Wider plans to invest EGP 750 million, approximately $14.9 million, in the Egyptian and Saudi markets over the next four years, according to a company statement on Saturday.
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Egypt is considering new incentives for the local automotive industry as part of a plan to expand production and increase domestic manufacturing, according to a statement by the Ministry of Industry on Thursday.
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German sportswear maker Adidas AG plans to elect Egyptian billionaire Nassef Sawiris as chairman of its supervisory board following its annual general meeting on 7 May, the company stated on Wednesday.
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