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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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TikTok Business has announced a partnership with Cairo-based RiseUp Summit to launch a joint initiative to support and empower startups in Egypt, the Ministry of Planning and Economic Development said in a statement on Thursday.
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Stock markets rebounded slightly Wednesday from the previous day's rout in technology shares caused by concerns over massive AI spending.
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A slump in high-flying technology stocks dragged down global markets Tuesday, with Wall Street tumbling again on valuation concerns and persistent worries over huge AI outlays.
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Egypt is seeking to increase the percentage of locally sourced components in manufacturing with multinational Norwegian paint manufacturer Jotun Paint, alongside transferring technical expertise to train Egyptian personnel, as the country seeks to deepen its local manufacturing capabilities, the Industry Ministry stated on Tuesday.
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Egypt’s Industrial Modernization Centre (IMC) signed four cooperation agreements with the Export Development Fund (EDF), Hassan Allam Group, El-Square, and the National Railway Industries Company (NERIC) to enhance the productivity and competitiveness of Egyptian industry, according to an industry ministry statement on Saturday.
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Africa Health ExCon 2026 and the Future of Digital Countries (FDC) Summit have signed a partnership agreement to expand discussions on digital health across the continent, reflecting growing efforts to use technology and innovation to strengthen healthcare systems in Egypt and Africa, the FDC stated on Tuesday.
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Ongoing geopolitical conflicts, mainly the US-Israeli war on Iran, are prompting central banks worldwide to strengthen their gold reserves as a hedge against economic and financial risks, with 89 percent of respondents to the World Gold Council's latest survey expecting global official gold holdings to increase over the next 12 months.
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