Sokkar Mecca … 40 Years of Excellence in the Industry of Sewing Machines – Dailynewsegypt
This year, Sokkar Mecca is marking 40 years of its journey as a leading entity in the sewing machines industry with outstanding quality and continuous support for the entire ecosystem of ready-made clothing all over Egypt. Founded in 1984, Sokkar
Catalyst Capital targets acquisition of three firms with EGP 250m investment – Dailynewsegypt
Impending pharmaceutical company deal for EGP 120m: Abdel Nabi
World Bank to provide over $6bn in support to Egypt over three years – Dailynewsegypt
The World Bank Group reaffirms its commitment to a long-standing strategic partnership with Egypt, endorsing the country’s efforts towards economic recovery and the pursuit of sustainable, inclusive growth. “In collaboration with the Egyptian Government, the World Bank Group endeavors to
Ford’s ‘Skunkworks’ EV Project Includes $25,000 Truck, Compact SUV: Report
The fear of affordable Chinese EVs entering the U.S. through Mexico has rattled American carmakers. But it seems like they are finally responding with some countermeasures to the potential onslaught of Chinese EVs.
Remember Ford’s announcement from last
EU allocates €7.4bn financial package for Egypt spanning 2024-2027 – Dailynewsegypt
The EU has elevated its cooperation with Egypt to a Strategic and Comprehensive Partnership. In support of this, the EU proposed a €7.4bn financial and investment package for Egypt spanning 2024-2027. This package comprised €5bn in concessional loans for macro-financial
China anticipates 5% growth, surpassing World Bank, IMF forecasts – Dailynewsegypt
The Chinese government’s work report for 2024 sets an ambitious 5% economic growth target, surpassing not only previous forecasts by the IMF and World Bank but also the projected growth rates for the United States and Europe. Chinese Ambassador to
Strategic investment in higher education: Pathway to national development, global competitiveness – Dailynewsegypt
Hala El-Said, Egypt’s Minister of Planning and Economic Development, convened with Ayman Ashour, Minister of Higher Education and Scientific Research, to strategize on the Ministry’s investment plan for the fiscal year 2024/2025. El-Said highlighted that this meeting is a continuation
Egypt’s general treasury allocates over EGP 818bn to Social Insurance Authority in 55 months – Dailynewsegypt
Finance Minister Mohamed Maait announced that following President Abdel Fattah Al-Sisi’s directives, the government has upheld its commitment to the financial resolution agreement with the National Social Insurance Authority. This is despite the budgetary constraints exacerbated by global crises and
Shell invests $10-15bn in low-carbon energy solutions from 2023-2025 – Dailynewsegypt
Shell has released its inaugural energy transition progress report following the introduction of its Powering Progress strategy in 2021. During our Capital Markets Day in June 2023, we highlighted how our strategy is designed to generate more value while producing
Al Qamzi Developments inks EGP 900m deal with Dar Al-Alamiah for Seazen project’s second phase – Dailynewsegypt
Al Qamzi Developments has forged a significant deal with Dar Alalamia Construction for the second phase of the esteemed Seazen project along the North Coast, valued at EGP 900m. This collaboration highlights Al Qamzi Developments’ strategy of partnering with leading,