Nissan Motor Egypt has signed a $45 million contract to produce a third model, with over 45 percent of its components sourced locally, according to a statement released by the Egyptian cabinet on Wednesday.
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Stock markets struggled for direction Tuesday as investors weighed Chinese stimulus hopes, political tensions in France and the US interest-rate outlook.
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The Egyptian Exchange (EGX) indexes went up at the close of trading on Tuesday, backed by purchases by institutions, local investment funds, and foreign and Egyptian investors.
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Egyptian Exchange (EGX) indexes went up at the close of trading on Monday, backed by purchases by institutions, local investment funds and foreign and Egyptian investors.
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The Egyptian Exchange (EGX) indexes went up at the close of Sunday's trading, backed by purchases by institutions, local investment funds, and foreign and Egyptian investors.
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The Egyptian Exchange (EGX) indexes increased at the close of Thursday’s trading sessions.
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US and European stock markets wavered on Wednesday as traders awaited key inflation data, and weighed Donald Trump's tariff threats and a political standoff in France.
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The Egyptian Exchange (EGX) indices went up at the close of Tuesday's trading session.
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Wall Street stocks opened higher Monday as investors reacted positively to Donald Trump's Treasury Department pick at the start of a holiday-shortened week that will include economic data and earnings reports.
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Stock markets fell in Europe and were mixed on Wall Street as fears of escalation of Russia's war against Ukraine prompted investors to retreat.
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The state-owned El-Nasr Automotive Manufacturing Company (NASR) has signed a strategic partnership valued at EGP 500 million with Al Safy Group to manufacture global cars locally, El-Nasr CEO Khaled Shadid announced.
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Huawei Cloud unveiled Flexus, a revolutionary suite of cloud services designed to reinvent cloud computing for businesses in Egypt, during an event in Cairo on Monday.
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Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its machinists' union.
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Prime Minister Mostafa Madbouly said on Saturday that Egypt aims to expand its automobile industry. He spoke at a ceremony marking the return of production lines at the state-owned El-Nasr Automotive Manufacturing Company (NASR) following a 15-year hiatus.
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Egyptian Exchange (EGX) indexes posted collective gains at the close of Thursday's trading sessions.
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Bitcoin reached a record high above $90,000 Wednesday as the world's biggest cryptocurrency benefits from president-elect Donald Trump's pledge to ease regulation around digital tokens.
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The Egyptian Exchange (EGX) indexes posted collective losses at the end of Tuesday's trading, influenced by sales operations by foreign investment funds and individual Arab and foreign investors.
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Wall Street stocks crept higher early Tuesday following last week's post-election surge, after voters sent Republican candidate Donald Trump back to the White House.
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The Egyptian Exchange (EGX) indices posted collective gains at the close of Sunday's trading session, backed by purchases by institutions, local investment funds, and foreign and Egyptian investors.
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Philip Morris Egypt raised the prices of its tobacco products by EGP 5 for the third time this year, according to a new price list released on Thursday.
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