Boeing reaches labour deal with 25% pay rise
Boeing reached on Sunday a tentative agreement with a union representing over 32,000 workers in the US, entailing a…
IFC supports Egypt’s plans to expand private sector role in airport management
Prime Minister Moustafa Madbouly met on Sunday with Emmanuel Nyirinkindi, International Finance Corporation (IFC)…
US to propose revised Basel III rules this month
The US Federal Reserve and other regulators are expected to announce significant changes to proposed bank capital…
China c.bank halts gold purchases for fourth consecutive month
People's Bank of China (PBC) continued its pause in gold purchases for the fourth consecutive month in August,…
British cumulative investments in Egypt hit $21.5b in June ’24 – minister
The cumulative British investments in Egypt reached $21.5 billion by June 2024, said Hassan El-Khatib, Minister of…
China to ease restrictions on foreign investment in manufacturing sector
China will lift restrictions on foreign investment in the manufacturing sector with the release of the 2024 version…
WEPCO expands Al Hamra Port capacity, boosts production
The Western Desert Petroleum Co. (WEPCO) reported key operational achievements during its general assembly, with…
Egypt pledges to boost renewable energy share – GAFI’s CEO
Egypt's Energy Strategy 2035 aims to increase the share of renewable energy in the energy mix to approximately 42…
Hengtong to establish $15m fibre optic cable plant in SCZone
Egypt’s Information Technology Industry Development Agency (ITIDA), Telecom Egypt, and the National…
Egypt’s Pharaonic Petroleum reaches 98.5% of ’23/’24 targets
Pharaonic Petroleum Company, headquartered in Cairo, achieved 98.5 per cent of its approved production plan for the…
