Egypt’s NBE allocates $33mn for car manufacturing company
National Bank of Egypt (NBE), the country’s largest state bank, has granted funds of 300 million Egyptian pounds…
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manufacturing
Oil rises as lower output tightens market, outweighs weak China data
Oil prices rose over 1 percent on Tuesday, shrugging off a slump in China's manufacturing sector that stirred fears…
Oil surges on Saudi Arabia, Iran tensions
Oil prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran…
Sisi launches 2 initiatives during Cairo ICT 2015
Egyptian President Abdel Fattah al-Sisi has launched two initiatives during the 19th round The of the…
Toshiba to terminate TV production, shrink staff, sell assembly plants overseas
Toshiba Corp. is planning to withdraw from TV manufacturing by selling its factories abroad, a source stated…
Dollar rises, euro fragile ahead of ECB
The U.S. dollar edged back toward multi-month highs on Wednesday, taking back some ground lost when bulls got cold…
China’s October factory, services surveys show economy still wobbly
Activity in China's manufacturing sector unexpectedly contracted in October for a third straight month, an…
Wall Street opens lower as oil prices weigh
Wall Street opened lower on Monday as oil prices plunged towards six-year lows and data indicated manufacturing…
ARECO, Z-One open PV module facility in Egypt, plan 100 MW project
The Arab Renewable Energy Company Organization (ARECO) and Z-One Holding FZCO have announced joint solar plans in…
Industry Ministry to build Furniture Manufacturing City in Damietta
Trade and Industry Ministry is to establish a city for manufacturing furniture in Damietta, 15 kilometres…