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Industry & Trade
China pledges top-tier business environment
China will actively align with high-standard international economic and trade rules and create a top-tier business…
Malaysia to request more 500,000MT of white rice from India
Malaysia plans to request an additional 500,000 metric tons of white rice from India, in addition to the 170,000…
Africa Energy Bank to start operating in ’24
The proposed Africa Energy Bank, focusing on oil and gas investments continent-wide, plans to commence operations…
China’s EV BYD targets 3.6m units in sales during ’24
Chinese electric vehicle maker BYD has set a sales target of 3.6 million units for 2024, a 20 per cent increase…
Hyundai Motor plans to invest $51b over 3 yrs
Hyundai Motor Group announced a $51 billion investment over three years to enhance its electric vehicle and new…
Saint-Gobain establishing €160m glass plant in Egypt
Egypt’s General Authority for Suez Canal Economic Zone (SCZone) and Saint-Gobain Glass Egypt signed €160 million…
Renault to sell 2.5% stake of Nissan capital
Renault Group has announced a second transaction to sell 2.5 per cent of Nissan's capital, potentially generating…
Egypt’s FX revenues fall 24% in 2022-2023
Egypt's foreign exchange revenues totalled $121.9 billion in 2022-2023, down 24 per cent from $160.5 billion in…
China’s industrial profits up 10.2% in first 2m
China's industrial profits surged 10.2 per cent in the first two months of the year, rebounding from a 2.3 per cent…
Egypt’s gold prices soar on Tuesday midday
Egypt’s gold prices hiked on Tuesday midday due to the global increase in gold prices, with 21-carat gold reaching…