S. Arabia eyes investment in semiconductors, space industries
Saudi Arabia’s sovereign wealth fund is set to invest in semiconductor and space industries in 2024 to accelerate…
EGX heads northwards on Jan.16
Egypt’s stock market closed on a green note on Tuesday. EGX30 rose by 2.62 per cent to 26,938.14, the closest to…
Low oil prices lure Chinese refiners to top off supplies
Chinese refiners are actively scheduling crude oil cargoes for delivery in March and April to top off supplies.
Lamborghini sells 10,000+ vehicles in ’23 – CEO
Lamborghini, Italy’s luxury carmaker, sold more than 10,000 vehicles for the first time in 2023, Reuters reported,…
Japan’s NYK suspends Red Sea navigation
Japan's Nippon Yusen (NYK), the country's biggest shipper by sales, put on hold Red Sea navigation for all the…
ETA to finalise tax disputes for enterprises with less than EGP10M revenues
Egypt will resolve all tax disputes for enterprises with annual revenue under 10 million Egyptian pounds by June.
Swiss Lindt & Sprüngli sales rise by 10.3%
Switzerland’s Lindt & Sprüngli achieved a sales growth in 2023 of 10.3 per cent, the company said in a press…
Arab Bank signs EGP 4.2 bln deal to fund Greater Cairo Metro
The Arab Bank signed a 4.2 billion Egyptian pounds cooperation agreement with Orascom Construction Company for…
Shell to sell onshore oil business in Nigeria for $1.3bln
Shell Plc agreed to sell its Nigerian onshore oil assets for $1.3 billion to a group of local companies, known as…
Germany’s inflation rate ends ’23 at 5.9%
Germany’s inflation rate rose by 5.9 per cent in 2023 on an annual average basis compared to 2022, the German…
