Women work on a production line at the mobile phone factory in Assuit, Egypt. Reuters
Egypt’s non-oil private sector economy saw renewed growth in April, according to latest PMI data. Output expanded for the first time in nearly one-and-a-half years and new business increased at a faster rate. Input purchasing and job numbers also rose, while business sentiment towards the year-ahead outlook for activity strengthened.
Egypt’s communications ministry will begin work on a 40 billion Egyptian pound ($2.44 billion) telecommunications network in the first phase of a new capital city being built east of Cairo, a cabinet statement said.
Business sentiment around future activity soared to the highest in one-and-a-half years in August, as more Egyptian firms expressed optimism for growth.
The Abu Dhabi National Oil Company (Adnoc) signed on Sunday, two framework agreements with Mubadala Investment Company (Mubadala) and Emirates Nuclear Energy Corporation (Enec)
Khalaf Ahmad Al Habtoor - Founding Chairman of the Al Habtoor Group (AHG) - welcomed Shlomi Fogel of Ampa Group, Co-owner, Chairman and CEO - at the AHG headquarters on Al Wasl Road, Dubai.
The European Union (EU) wants to arm itself with new powers to control big technology companies, a newspaper reported on Sunday. The proposed plan includes forcing tech giants to break up or sell some of their European operations
Dubai Chamber of Commerce and Industry (DCCI) has announced the launch of the Dubai Chamber Interview Series, a virtual event series featuring live-one-on-one interviews with prominent local and international business figures from a wide range of industries.