News

Egypt’s President Abdel Fattah Al-Sisi has asserted that work is underway to develop the Suez Canal, in line with the progress of the global trade movement.
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 Telecom Egypt has chosen Juniper Networks to design and deploy a network capacity expansion and upgrade across its national infrastructure, serving a customer base of 9.8 million for fixed line…
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Egypt is aiming to start producing an electric car in mid-2022, Public Enterprise Minister Hisham Tawfik said on Tuesday.
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The net profits of Orascom Development Egypt (ODE) leapt by 377% year-on-year (YoY) to EGP 438.46 million in the first quarter (Q1) of 2021, compared to EGP 91.85 million, including minority…
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Elsewedy Electric has entered the Asian market through its acquisition of shares in two companies involved in the transformer sector in Indonesia and Pakistan, valued at $60m. In a statement to the…
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The Federation of Egyptian Chambers of Commerce (FEDCOC) has held a series of intensive international meetings to develop commodity exports and open new markets for Egyptian products.
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The Egypt Purchasing Managers’ Index (PMI) dropped to 47.7 in April from 48.0 in March, its fifth consecutive month below the 50 mark that separates expansion from contraction, IHS Market said on…
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Orascom Investment Holding (OIH) revealed the reason behind delaying the publication of the financial statements for the year ended 31 December 2020.
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Raya Holding signed an agreement worth 490.7 million Egyptian pounds ($31.3 million) with Mamdouh Abbas’ Intro Group  to sell its 100 percent shares of its subsidiary BariQ.
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Egypt’s Qalaa Holdings, one of the country’s largest investment companies, reported on Monday a 148 percent year-on-year growth in consolidated revenues for the year ended 31 December 202
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