Business - Markets & Companies

Nissan Motor Egypt signs $45 mln contract to produce third model with local components

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.

Stocks mixed as traders weigh US rates, China stimulus hopes

Stock markets struggled for direction Tuesday as investors weighed Chinese stimulus hopes, political tensions in France and the US interest-rate outlook.

Bourse posts collective gains at close of Tuesday's trading

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.

Bourse posts collective gains at close of Monday's trading sessions

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.

Bourse posts collective gains at close of Sunday's trading sessions

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.

Bourse indexes post collective gains at close of Thursday trading

The Egyptian Exchange (EGX) indexes increased at the close of Thursday’s trading sessions.

Stock markets waver as traders weigh Trump tariffs, inflation

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.

Egypt bourse indices post collective gains at close of Tuesday trading

The Egyptian Exchange (EGX) indices went up at the close of Tuesday's trading session.

US stocks rise as investors welcome Trump Treasury pick

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.

Stocks diverge on fears of Ukraine-Russia escalation

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.

NASR, Al Safy Group sign EGP 500 mln deal to manufacture cars locally

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.

Flexus by Huawei Cloud Launches at Cairo ICT 2024: A Game-Changer for Egyptian Cloud Computing

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.

Boeing issues layoff notices to 400-plus workers as it begins drastic cuts

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.

Egypt seeks revitalising auto industry: Madbouly at ceremony of resumption of Nasr auto production

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.

Bourse posts collective gains at close of Thursday trading

Egyptian Exchange (EGX) indexes posted collective gains at the close of Thursday's trading sessions.

Bitcoin hits over $90,000 for first time on Trump support

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.

EGX indexes down at end of Tuesday trading

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.

US stocks inch up as markets take post-election breather

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.

Egypt bourse posts collective gains at close of Sunday trading

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.

Philip Morris Egypt raises its tobacco products prices for 3rd time in 2024

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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