China’s WINPEX to build $15m lighting equipment plant in Egypt’s Ain Sokhna
China’s WINPEX Group signed a $15 million agreement on Wednesday to build a lighting and electrical equipment…
Maersk to resume Suez Canal transits in early December after strategic deal
A.P. Moller-Maersk will begin sending container vessels through the Suez Canal again in early December under a…
Gold prices climb on Wednesday
Gold rose on Wednesday to its highest level in nearly two weeks, supported by weaker US economic data and growing…
Oil prices edge higher on Wednesday
Oil prices edged higher on Wednesday after hitting a one-month low, with Brent crude rising to $62.75 and US West…
Asian stocks rise on Wednesday
Asian stocks rose on Wednesday as weak US economic data boosted expectations of a Federal Reserve rate cut next…
Egypt, Algeria agree on direct maritime route to boost bilateral trade
Egypt and Algeria agreed to establish a direct maritime route between ports of Annaba and Alexandria, officials…
China’s Prometeon plans $400m tyre expansion in Egypt
Prometeon Tyre Group a subsidiary of China National Tyre and Rubber Co., Ltd., plans to invest $400 million to…
Chinese investment drives 50% of $11.6b in Egypt’s SCZONE – chair
Chinese investors account for half of the $11.6 billion in foreign investment drawn to Egypt’s Suez Canal Economic…
Egypt’s Sisi reaffirms strategic energy partnership with Eni
President Abdel Fattah El-Sisi met on Tuesday with Claudio Descalzi, CEO of Italian energy company Eni, to review…
Egypt’s SCZONE receives 24 cranes for Sokhna automated container terminal
Egypt’s Suez Canal Economic Zone (SCZONE) said on Tuesday it had received 24 units of advanced container-handling…