Chinese Midea group launches $25 mln washing machine factory in SCZone
Chinese home appliances giant Midea Group launched its $25 million washing machine factory in TEDA industrial zone…
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Egytrans to acquire 99.9% of NOSCO in Q4 2023
The Egyptian Transport and Commercial Services company (Egytrans), approved the acquisition of 99.9 percent of the…
Egypt signs contracts to launch 1st locally manufactured EV by 2024
The Egyptian government signed on Tuesday contracts in the New Administrative Capital (NAC) in order to launch…
NBK bank lends EGP 10 bln to Egyptian Electricity Holding
The Egyptian Electricity Holding Company (EEHC) borrowed 10 billion Egyptian pounds from the National Bank of…
Goldman sells $2.7 bln bonds ahead of CPI
Goldman Sachs Group sold $2.75 billion in the U.S. investment-grade bond market through two tranches, this…
Egypt’s Saib bank earns EGP 603.1mln profits during H1 of 2023
Egypt's Saib bank achieved a net profit after tax of 374.934 million Egyptian pounds by the end of June 2023,…
Egypt’s trade balance deficit records $3.7 bln in May – CAPMAS
Egypt's trade balance deficit rose by 4.3 percent in May to $3.74 billion, compared to $3.57 billion in May 2022,…
China’s foreign investment drops to 25-year low
One of China's new foreign investment indices fell to a 25-year low in the second quarter of this year, raising…
Egypt’s non-oil exports fall 17% in H1 to $16 bln
Egypt's non-oil exports fell 17 percent to $16 billion in the first half of this year, compared to $19.3 billion a…
UK pledges $73mln for Nigeria’s food security
UK Foreign Secretary James Cleverly announced on Wednesday a $73 million aid package to boost food security in…