Amazon acquires Souq for undisclosed amount
Amazon has announced on Tuesday that it has reached an agreement to acquire Souq.com, according to a press release.
“Joining the Amazon family will enable Souq.com to...
Ford launches brand to sell auto parts to fix competitors’ vehicles
Ford Motor Co (F.N), in a bid for a piece of the rapidly growing global auto parts market, is launching a new brand called...
Oil falls to lowest close since March
Brent and US crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data...
Sony cuts annual profit view on movie business writedown
Sony Corp on Thursday cut its full-year outlook for operating profit on Thursday after the Japanese TV-to-gaming group took a $1 billion writedown on...
Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Stock markets bound-in trades
Mohammed Saeed, Member of The Egyptian Society of Technical Analysts (ESTA), said that Egyptian Exchange (EGX) benchmark index EGX 30 will bounce upwards, despite...
CBE issues EGP 11bn treasury bills
The Central Bank of Egypt (CBE) issued on Thursday treasury bills worth EGP 11 billion, on behalf of the Ministry of Finance (MoF).
The issue...
SIDPEC signs new agreements at EGYPES
Sidi Kerir Petrochemical Company (SIDPEC) signed a memorandum of understanding with Hitachi Zosen Inova AG. The MoU was signed by Engineer Mohamed Ibrahim,...
CBE to issue EGP11bn treasury bills Sunday
The Central Bank of Egypt (CBE) will issue on Sunday treasury bills worth EGP 11 billion, in coordination with the ministry of finance (MoF)...
Eng. El-mulla witnessed ENNPI’s General Assembly and approved business result of FY 2023
Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, stressed that the vision of development and modernization launched by the Ministry...
MOPCO, a potent fertilizer company, embodies sustainable growth and a promising future.
Misr Fertilizers Production Company "MOPCO", is the largest nitrogen fertilizer plant in the Arab Republic of Egypt....
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Al Molla inspects the Suez Methanol Derivatives Plant in Damietta
Minister of Petroleum and Mineral Resources Tarek Al Molla has inspected the construction work of the Suez Methanol Derivatives Plant in Damietta...
Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...