The Chairman for Industrial Development Authority (IDA) Ahmed Abdel-Razek stated that the Ministry of Trade and Industry aims to reach an 8 percent industrial growth rate by 2020, increase the industrial share in the GDP from 18 percent to 21 percent, and increase the investment value from 43 billion 2016
Nissan has suspended production of cars for its home market over problems with its vehicle inspections. The automaker said Thursday that it had halted production of vehicles for the Japanese market after discovering that inspections were not carried out properly at several factories. "Certain checks were carried out by technicians not properly
Mahmoud Mostafa, Executive Director of MM Law firm in conjunction with Ola Mostafa Abdullah, MM Law Firm's Senior Legal Researcher, held an explanatory session about the new investment law, its implications, and the different types of companies under the Egyptian Law with a special focus on the limited liability company
Source: The National. The Dubai-based ride-hailing firm Careem has bought a minority stake in a three month old Egyptian start-up that connects commuters with private buses in Cairo. Careem invested US$500,000 in Swvl and Magnus Olsson, the chief 'Xperience' officer, as he is known and co-founder, will take a board seat. Careem, which
The Minister of Investment and International Cooperation Dr. Sahar Nasr met with the officials in charge of the management of the Investors Services Center’s (ISC) different sectors in presence of GAFI’s Acting CEO Ms. Mona Zoebae, where Dr. Nasr noted that their mission was to develop and expand ISC, stressing
Chinese President Xi Jinping is aiming to show the world's second largest economy who's boss. The country's top leaders are gathered in Beijing this week for the National Congress of the ruling Communist Party, an event that takes place just twice a decade and is the peak of China's political calendar. For
Concern over oil supplies from Iraq has pushed crude prices higher as the country's government continues its move against Kurdish forces. The price of Brent crude rose 1.6% to $58.12 a barrel, while US West Texas Crude climbed 1.4% to $52.16. Iraq has the second largest output in the Opec oil producers'