August 13, 2024

Haier to pump $50 mln investment in Egypt

Haier Egypt, a subsidiary of Chinese home appliance giant Haier,, is seeking a $50 million investment to expand its production and increase exports, the company’s Egypt director, Ahmed El-Gendy, said on Monday.

El-Gendy made his remarks during a meet…

Eroglu Garment invests $40m in new apparel factory in SCZone

Eroglu Garment, a subsidiary of the Turkish Eroglu Global Holding Group, has announced the establishment of a new ready-made garment factory in the Qantara West industrial zone of the Suez Canal Economic Zone (SCZone), marking a significant investment…

Egypt to build around 250,000 new hotel rooms to promote tourism

Egypt is currently working to build 200,000-250,000 new hotel rooms as part of its target to attract 30 million tourists by 2028, Prime Minister Mostafa Madbouly said on Sunday during the cabinet’s meeting at its premises in New Alamein.

Madbouly add…

Oil prices rise more than three percent at settlement

Baghdad, Oil prices rose more than three percent at settlement, Monday, to continue their gains for the fifth consecutive session amid increasing risks of supply disruptions.

Brent crude futures rose $2.64, or 3.3 percent, to $82.30 a barrel at settl…