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Signs of recession are mounting
A slowdown in business activity in the world’s major economies is flashing warning signs for the global economy: Most of…
US retail earnings were better than expected in 2Q
Better-than-expected retail earnings in the US yesterday kept the stock rally going even as tech stocks faced selling pressure on…
Edita’s new production line is online
Edita Food Industries has started operations at its new EGP 135 mn productionline, which is set to increase Edita’s production…
Electricity rationing + inflation dominate the airwaves
The government’s plan to cut back on public electricity consumption was still dominating the airwaves last night: Prime Minister Moustafa…
Arab Alloys to build EGP 1 bn industrial complex in SCZone
The newly-established Arab Alloys Company is investing EGP 1 bn to build a ferroalloys industrial complex in the Suez Canal…
CFC Group to build USD 400 mn industrial complex in Qena under the new regional industrial partnership
Emirati fertilizer company CFC Group will establish an industrial complex in Qena Governorate under the new joint industrial partnership between…
THIS EVENING: Egypt-UAE-Jordan-Bahrain industrial partnership moving forward + Gaza gets power back
Good afternoon, wonderful people. It’s only Monday, but it’s another day of good news on the business front. THE BIG…
Nokia will assemble phones in Egypt
Nokia phones will soon be manufactured in Egypt: Nokia phone manufacturer HMDGlobal is partnering up with Etisal for Advanced Industries…
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