Egypt’s Cabinet agreed during its weekly meeting on Wednesday to grant the golden licence to BSH Bosch company and Beko Egypt Group.
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Egypt’s food industries exports increased by 3 percent year-on-year in the first two months of 2023 to register $665 million, up from $645 million, the Food Expert Council (FEC) said on Wednesday.
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Asian stocks were broadly up on Wednesday to buck losses on Wall Street, led by massive gains for Chinese tech behemoth Alibaba after it announced it would split into six groups.
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UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over struggling rival Credit Suisse.
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Benchmark US crude oil for May delivery rose 39 cents to $73.20 a barrel Tuesday. Brent crude for May delivery rose 53 cents to $78.65 a barrel.
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Benchmark US crude oil for May delivery rose $3.55 to $72.81 a barrel Monday. Brent crude for May delivery rose $3.13 to $78.12 a barrel.
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Saudi Arabia's state-owned oil giant Aramco will invest billions of dollars in China's downstream petrochemicals industry, including the construction of a new refinery, the company said in deals announced Sunday and Monday.
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U.S. futures shot higher early Monday, with bank stocks mostly gaining after the Federal Deposit Insurance Corp. said it had agreed to the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co.
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European markets rebounded on Monday while Asian stocks were mixed at the start of what could be another rocky week for global markets thanks to lingering uncertainty about the banking sector.
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Egypt, UAE, Jordan and Bahrain discussed the production of the first joint Arab electric vehicle during the higher committee meetings of the Integrated Industrial Partnership held in Cairo from 19 to 21 March.
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Al-Ola Modern Systems has announced that PFU Limited is rebranding its fi, SP, and Scan Snap series of image scanners, which boast the largest market share globally, from Fujitsu brand to the Ricoh brand.
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Benchmark US crude oil for May delivery fell 70 cents to $69.26 a barrel Friday. Brent crude for May delivery fell 92 cents to $74.99 a barrel.
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The gold price of 21-karat in Egypt recorded a 4 per cent increase by EGP 80 in a single day, reaching EGP 2,050 per gram on Thursday evening, up from EGP 1,970 registered a day earlier, according to the Egyptian Gold and Jewellery Trade Division of the Egyptian Federation of Egyptian Chambers of Commerce (EGAJTD).
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Benchmark US crude oil for May delivery fell 94 cents to $69.96 a barrel Thursday. Brent crude for May delivery fell 78 cents to $75.91 a barrel.
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The Egyptian Stock Exchange (EGX) saw collective gains in its indices at Thursday's close of trading, with the total market value increasing by EGP 49 billion to record EGP 1.006 trillion up from the previous week's EGP 957.1 billion.
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Europe's stock markets opened lower Thursday before interest rate calls in Britain, Norway and Switzerland, after the US Federal Reserve hiked borrowing costs despite banking-sector turmoil.
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Troubled Japanese conglomerate Toshiba said Thursday it will "support" a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners.
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Egypt’s Suez Canal Economic Zone (SCZONE) has approved several partnership projects with Abu Dhabi Ports Group, with investments worth hundreds of millions of pounds to be implemented within the zone.
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Prices for 21-karat gold in Egypt recorded EGP 1,970 on Wednesday, down from EGP 2,100 registered on Saturday, representing a nearly 6% decrease, according to the Egyptian Gold and Jewellery Trade Division of the Egyptian Federation of Egyptian Chambers of Commerce (EGAJTD).
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Benchmark US crude oil for April delivery rose 90 cents to $67.64 a barrel Monday. Brent crude for May delivery rose 82 cents to $73.79 a barrel.
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