And Mercedes-Benz has reserved a distribution centre in the Egyptian free trade zone.
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THE devaluation has supported exports, but inflation isn’t helping internal consumption.
Rabat - Security forces detained the alleged mastermind of the cell in a safe house in Fez, where they found guns and a large quantity of bullets, materials for making suicide belts, nails and electric wires, according to a statement from the interior ministry.
Cairo - Egypt exports to hit $22 billion for 2017. Imports down 23 percent, exports up 11.5 percent so far this year. China expected to be fastest growing investor.
Cairo - During a press conference in Cairo Mamish, who is also the president of the economic district of the Suez Canal, said that “reducing prices will not affect the quality of shipping services provided to vessels”.
Benghazi - An elite forces unit linked to the army that controls much of eastern Libya has snubbed international efforts to bring to justice one of its senior officers for allegedly executing dozens of prisoners.
Tripoli - Like a sort of Nemesis,the “Defend Europe” ship which arrived near the Libyan coast to discourage NGO ships committed to rescuing migrants, saw one of those very ships come to its rescue after an engine problem
Cairo - Two trains collided in Egypt’s coastal city of Alexandria on Friday killing 36 people and injuring 100 others, two security sources and one medic said.
Cairo - The number of tourists that visited Egypt in May increased by 32.9% compared to last year, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported on Monday. CAPMAS added that the number of nights tourists spent in Egypt increased by 145.8% to 5.9 million nights
TODAY Tangier is an economic hub that is growing at a dizzying rate of 20% per annum, and represents 10% of the Moroccan gross domestic product.
Ryadh - Saudi Arabia is banning imports of Egyptian strawberries due to pesticide residues, said Abdel Hamid al-Demerdash, the head of Egypt’s Agriculture Export Council, the latest such ban to hit Egypt as it struggles to revive its economy
Kamour - In Tatatouine province in Tunisia’s southern Sahara,around 1,000 protesters living in a makeshift campsite are threatening to blockade roads used by foreign companies to access nearby gas and oilfields. They want a larger slice of the gas proceeds to go towards the development of Tatatouine
Tanta - Islamic State claims responsibility for attacks. Over 100 hurt, bombings occur within hours of each other
2020 target: the Continent is striving for economic success but Europe is likely to suffer the risks but miss out on opportunities.
Cairo - An average of 46.83 ships transited the canal per day during that period, with an average load of 2.63m tonnes per day.
Cairo - Egypt aims to double exports in five years. Industry has produced $4 bln in import substitutes in 2016.
Cairo - The sentence was for a conviction arising from the killings of protesters during demonstrations in 2012.
London - High Court dismisses SWF case over failed derivatives trades. High Court dismisses SWF case over failed derivatives trades. Source says fund is likely to appeal.
Benghazi - Zueitina is one of three previously blockaded ports in Libya’s oil crescent region that reopened last month after forces loyal to eastern commander Khalifa Haftar took control of the terminals.
According to the British weekly, Egypt’s president is even more repressive than Hosni Mubarak, and more incompetent than Mohammed Morsi.