March 2024

The Egyptian government announced on Thursday an increase in fuel prices by between 9-22%, citing rising global oil prices and the recent liberalization of the Egyptian pound’s exchange rate. The decision, implemented by the Egyptian Petroleum Pricing Committee, reflects adjustments

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Facebook’s playful “poke” feature, a relic of the platform’s early days, is experiencing a surprising resurgence thanks to recent updates. The social media giant reports a 13-fold increase in poking activity over the past month, with a surprising trend –

Waleed Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), presided over the groundbreaking ceremony for Saint-Gobain’s third glass production facility. The new factory, covering 200,000 square meters, represents a €175m investment in the region. Concurrently, a solar energy

The regulation would require automakers to sell more electric vehicles and hybrids by gradually tightening limits on tailpipe pollution.

Ahmed Samir, Egypt’s Minister of Trade and Industry, convened with a delegation from BSH International, the parent company of the Bosch home appliances brand. The meeting, led by Goken Segen, BSH’s Regional Director, centered on the firm’s ongoing and prospective

The DOE has offered American Battery Solutions (ABS) a $165.9-million loan under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program.  The company plans to use the funds to expand

In a significant move to bolster Egypt’s appeal as a prime investment hub, the General Authority for Investment and Free Zones (GAFI) and Moharram & Partners have inked a three-year cooperation agreement. The signing ceremony featured Hossam Heiba, GAFI’s CEO,

Company records 47% growth in core net income to EGP 67m