Business news wrap-up

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Sat, 02 Sep 2017 - 05:21 GMT

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Sat, 02 Sep 2017 - 05:21 GMT

Business - Pexels

Business - Pexels

Egypt’s Paris Club debt hikes to $ 3.5B by end of March



Egypt repaid a $670 million six-month premium on the foreign debt owed to the Paris Club.

Egypt subsidies jump LE 35B in 10 months: CAPMAS



The value of subsidies granted for the supply of goods during the last ten months reached LE 43.5 billion.

Global funds raise European stocks to five-year highs, cut U.S. equities



Global investors raised their euro zone equity exposure to the highest level in at least five years in August.

School feeding program targeting 10 million students



Social Solidarity Minister Ghada Walli said the School Feeding Program is targeting more than 10 million students of kindergarten and primary stages.

Australia invests $100M to secure mining investment, drive discoveries



Australia will commit A$100 million ($79.7 million) to secure private investment in greenfield mineral exploration across the country to drive.

SCZone delegation to take part in China-Arab States Expo 2017



A delegation of the Suez Canal Economic Zone (SCZone) will be taking part in the China-Arab States Expo 2017 to be held in Yinchuan, Ningxia, on September 6-9.

Sports Shoes factory to be set in 10th of Ramadan City at $50M



The factory will be established on an area of 200,000 square meters and is scheduled to start production by the middle of next year.

Nasr confers with ADM officials on investment opportunities



Investment and International Cooperation Minister Sahar Nasr met Saturday with officials from Archer Daniels Midland (ADM).

June electronic appliances up 9.7%, motor vehicles down 4.6%


June saw a decline of 40.9 percent in the cost of production of electronic appliances and furniture industries compared to June 2016.

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