Egyptian PM gives retailers 2-week ultimatum to put price tags on products

Wed, 14 Dec 2022 - 03:56 GMT

The prime minister stipulated that the government would not allow price exaggerations, and attempts to exploit the situation.

Minister discloses internal trade's share in Egypt's GDP in 2nd half of 2020

Sun, 20 Jun 2021 - 01:04 GMT

That includes the sectors of retail, wholesale, transportation and storage.

Egyptian minister discloses sectors most contributing to GDP growth in 1st 9 months of FY2020/2021

Thu, 03 Jun 2021 - 01:26 GMT

Egypt recorded a growth rate of about 2.9 percent during the third quarter of FY 2020/2021.

ESCWA, Standard Chartered Bank speculate rebound for Egypt's economic growth in 2021

Thu, 21 Jan 2021 - 02:55 GMT

Five sectors will majorly contribute in such improvement.

Local, Italian companies partner up to establish food retail chain in Egypt

Sun, 13 Sep 2020 - 12:15 GMT

The Egyptian company GRG and the Italian Sopria Holding Company – owner of Crai Retail Modeling – signed an MoU Sunday.

PM visits 5 facilities, public investments in Alexandria's Borg Al Arab

Wed, 05 Aug 2020 - 08:20 GMT

The construction works of a court that will house Men's Handball World Championship taking place on January 14-31 are completed by 95 percent.

Disintermediation between Applicability and Delusion

Sat, 01 Feb 2020 - 04:01 GMT

The web reduced the number of intermediaries, but how that affects the value chain is not crystal clear.

Chinese investors to establish hypermarket in Cairo

Sun, 14 Jul 2019 - 02:12 GMT

That will be the beginning of further commercial and industrial investments that will create 100,000 jobs.

5 sectors to drive estimated GDP growth of 5.6% in FY2019-20

Tue, 04 Jun 2019 - 02:46 GMT

The GDP is expected to hit LE 6 trillion ($358 billion) in the FY2019-2020, achieving a 5.6 percent growth driven mainly by five industries.

Sterling hits five-day high after UK retail sales smash forecasts

Thu, 14 Jun 2018 - 09:29 GMT

Sterling also rose versus the euro and was up 0.2 percent at 88 pence.

'Exhausted' Toys 'R' Us suppliers weigh options as huge retailer shuts

Sat, 17 Mar 2018 - 11:22 GMT

payments to toy makers are at risk in a dramatic turn of events as the iconic toy retailer speeds toward U.S. liquidation.

Banque Misr achieves highest profits in its history of LE 14B in 6/17

Sun, 11 Mar 2018 - 06:04 GMT

Banque Misr achieved its highest profits in its history in fiscal year 2016/17, posting total profits, before tax, of LE 14.1 billion.

Wall Street hits new highs on earnings optimism, data

Sat, 13 Jan 2018 - 11:09 GMT

Wall Street continued its rally on Friday with record closing highs.

Despite Amazon, brick stores are not dead yet

Sat, 18 Nov 2017 - 11:09 GMT

Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.

Hurricane Harvey slams U.S. retail sales, industrial output

Sat, 16 Sep 2017 - 11:15 GMT

U.S. retail sales unexpectedly fell in August and industrial output recorded its biggest drop since 2009 as Hurricane Harvey disrupted activity.

Egypt’s oil & gas sector acquires majority of FDI: report

Mon, 21 Aug 2017 - 09:45 GMT

The United Kingdom, the United States and Belgium are the largest foreign investors, Renaissance Capital said.

Online retailer ASOS to open second U.S. distribution center

Tue, 08 Aug 2017 - 11:09 GMT

British online fashion retailer ASOS is spending $40 million on a second U.S. distribution center.

UK retail sales dip in July on fashion slump - BDO survey

Sun, 06 Aug 2017 - 10:30 GMT

British shops saw a dip in sales last month, with fashion retailers enduring their worst July for eight years.

US antitrust crackdown on Amazon? Not so far

Sun, 02 Jul 2017 - 09:26 GMT

US antitrust regulators have shown little sympathy for the plight of brick and mortar retailers as Amazon and e-commerce travel around the world of shopping.

Egyptian retailers offer promotions after EGP appreciation

Tue, 21 Feb 2017 - 01:48 GMT

Retailers in Egypt will address the recent appreciation of the Egyptian Pound via promotions on goods currently in stock