Egypt’s non-oil private sector expands for second month – PMI
Egypt posted a 50.2 reading in December 2025 on the headline seasonally adjusted S&P Global Egypt Purchasing…
Browsing Tag
retail
Egypt non-oil sector expands at 5-year high
Egypt’s non-oil private sector recorded its strongest expansion in five years in November 2025, driven by rising…
Egypt rolls out nationwide initiative to cut food prices
Egypt launched a nationwide price-reduction initiative on Tuesday, with the Ministry of Supply and Internal Trade…
Egypt, IFC discuss greater private sector role, investment reforms at IMF-WB Meetings
Egypt is stepping up efforts to attract private capital and expand development finance as it navigates an ambitious…
S. Korea’s foreign resident employment rate hit 64.7% in ’24
South Korea's employment rate for foreign residents reached 64.7 per cent in 2024, according to data released by…
UK business confidence dips in Nov. ’24
The Lloyds Business Barometer reported a three-point drop in UK business confidence for November, bringing the…
IFC allocates $80m for Turkey earthquake recovery
The International Finance Corporation (IFC) has proposed an $80 million financing package for Turkey's Yapi ve…
UK’s Primark sales slow in Xmas quarter
Primark, retail clothing company owned by Associated British Foods, witnessed a drop in its sales during the…
Alshaya Group reduces operations in Egyptian market
Kuwait’s Alshaya Group will reduce its operations in Egypt amid the ongoing economic situation, the group said in…
Egypt’s property developer SODIC, Android TV launch 10 Platform capabilities
SODIC has become one of Egypt’s leading and most credible real estate development companies with its many…
Egypt’s property developer SODIC launches 10 Platform capabilities with Android TV
SODIC has become one of Egypt’s leading and most credible real estate development companies with its many…
Amazon Prime Day 2017: What is it and when does it start?
If you like a bargain, then Amazon Prime Day, the online retail giant's third annual one-day flash sales event, is…
Online grocery Knockmart.com to invest $2.7m in Egypt within two years
Egyptian Knockmart.com company plans to inject new investments of 50 million Egyptian pounds (US$2.7 million)…
Amazon Dash one-button device arrives in UK
Seeking to capitalize on Britons too busy or forgetful to shop for household essentials, retail giant Amazon is…
Weak U.S. retail sales, inflation data dim prospect of Fed rate hike
U.S. retail sales were unexpectedly flat in July as Americans cut back on discretionary spending, pointing to a…
Hackers penetrate Oracle payment system
Oracle detected malicious code in certain payment systems used in hospitality and retail, the company said. Details…
Mexico’s top retailers see strong sales growth on ample liquidity
Total sales from Mexico's major retail stores will likely surpass earlier estimates of nearly 7 percent growth this…
U.S. retail sales, industrial output data suggest strong Q2 GDP growth
U.S. retail sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods,…
Japan’s May retail sales fall more than expected on gloomy recovery outlook
Japan's retail sales fell more than expected in May in a third straight month of annual declines, data showed on…
SOUQ.com enters a new partnership with Nestlé Egypt
SOUQ.com, the largest online retail and marketplace platform in the Arab world, announced on Sunday a new…
Walmart to test food delivery with Uber drivers
Walmart customers in the US could soon have their groceries delivered by Uber drivers under a pilot to be announced…
Japan weak retail sales bolsters tax hike delay plan
Japanese retail sales fell in April for the second consecutive month, bolstering the argument that a nationwide…
Strong U.S. retail sales, consumer sentiment data buoy economic outlook
U.S. retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of…
European shares rally after U.S data but Eutelsat plunges
European shares rebounded from losses earlier in Friday's session as strong U.S. retail sales data buoyed markets,…
Telecom Egypt’s Q1 profits double to $135 million
State-run landline monopoly Telecom Egypt's first-quarter net profit rose almost 116 percent due to growth in its…
Euro zone retail sales fall more than expected in March
Euro zone retail sales fell more than expected in March against February as consumers cut purchases of food, drinks…
Supply minister says Microsoft Egypt e-linking project costs $51mn
The total cost of the deal that Egyptian supply ministry signed with Microsoft Egypt is estimated at 450 million…
EBRD targets more support for Egyptian retail sector in 2016
The European Bank for Reconstruction and Development (EBRD) is planning to give more support for the retail…
Beltone Financial prepares IPOs in EGX for more than $1.8bn
Beltone Financial is preparing the initial public offerings (IPO) of several companies in the retail and food…
Egypt’s NBE eyes retail portfolio to hit $5bn end-June
The retail banking portfolio of Egypt's biggest state-run bank National Bank of Egypt (NBE) has been boosted to…
China to boost retail, health, travel sectors to lift consumption
China will promote the development of the retail, health, travel and sports sectors in a bid to boost domestic…
China to Cut Retail Price of Gasoline and Diesel
China will cut retail prices for gasoline by 365 yuan ($58) per tonne and for diesel by 350 yuan ($56) per tonne…
Amer Group Begins Construction in EGP6 Billion Porto October Project
Leading regional developer Amer Group (AMER.CA) has begun construction work on the first phase of its EGP 6 billion…
Banks Lower Interest Rates 1% on Treasury Bills
Egyptian banks lowered their interest rates on bids for treasury bonds by 1% on Thursday, according to a press…
STC, Huawei Jointly Launch Ascend P1 Series In Saudi Arabia
Saudi Telecom Co. ( STC ) and Huawei have joined forces for the much anticipated Saudi launch of the Huawei Ascend…
German Court Rules against Microsoft in Motorola Patent Case
A court in Mannheim ruled on Wednesday that Microsoft infringed Motorola Mobility's patents and ordered Microsoft…
Mobile Phones Challenge Credit Cards in Canada
Thousands of Canadian retailers already have equipment in place to let customers pay for purchases with a swipe of…
Sorouh launches Retail Property Brand “Boutik”
Abu Dhabi’s developer Sorouh Real Estate launched its retail property brand Boutik, enhancing the lifestyle…
WH Smith Expands in GGC
UK retail giant WH Smith has announced expansion plans in the Gulf region as it looks to offset weakness on…
Dubai Ranks the 2nd Most Attracting City for International Retailers
Dubai Chamber of Commerce and Industry hosted a launch press conference organised by CB Richard Ellis (CBRE)…