Category: BUSINESS

CBB 12-month Treasury Bills issue no.120 oversubscribed

Manama, This week’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 192%.

The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain.

The issue date of the bills is September…

Hyundai Motor Group posts robust EV sales in Germany

Seoul, South Korea’s Hyundai Motor Group reported robust electric vehicle sales results in Germany from June to August despite slowing EV demand, a global market research firm said Tuesday.

Hyundai Motor Co. and its smaller affiliate Kia Corp. ranke…

Agriculture minister: Egypt to export onion to Costa Rica

Egypt’s Minister of Agriculture and Land Reclamation Alaa Farouk said on Tuesday that Costa Rica decided to open its markets before Egyptian fresh onion.

He said the decision is part of the state efforts to open new markets to Egyptian agricultural e…

Min. sends 8 messages on developing spining and weaving industry

Egyptian Minister of the Public Business Sector Eng. Mohamed Shimi revealed plans to develop the spinning and weaving industry.

In his discussion of the latest developments in the executive position of the national project to develop the spinning and…

80,000 tons of goods handled at Red Sea Ports

About 80,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said.

In a statement, the RSPA said imports included 70,000 tons of goods, 452 trucks and 127 cars, while the exports included 10,…

EL-Khatib : Gov’t implementing comprehensive economic reform

Minister of Investment and Foreign Trade Hassan el Khatib asserted that the Egyptian government went a long way in implementing the comprehensive economic reform plan via applying an economic roadmap that includes urgent steps and necessary structural…

Govt acts to boost SCZONE investment infrastructure — Official

Chairman of the General Authority of the Suez Canal Economic Zone Walid Gamaleddin said Tuesday that the government is acting to support the infrastructure and potentials of the SCZONE to be up to international standards.

Gamaleddin was speaking at t…

Petroleum minister takes part in GASTECH conf. In US

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi, will take part at the Gastech Strategic Conference 2024 in Houston, US.

A statement issued by the Ministry on Monday said the four-day event, which kicks off on Tuesday, will be attend…

FM meets Russian Minister of Industry and Trade

As part of his ongoing visit to Moscow, Badr Abdel Aty, Minister of Foreign Affairs and Migration, met with Anton Alikhanov, Minister of Industry and Trade of the Russian Federation.

In a statement by Ambassador Tamim Khallaf, the official spokesman …

Libya and Philippines Discuss Enhanced Bilateral Cooperation

Amman:Ashraf Al-Taib, the Director of the International Cooperation Department at the Ministry of Foreign Affairs, met with Roderico C. Atienza, Chargé d’Affaires of the Philippine Embassy in Libya, to explore ways to strengthen and develop relations …

Libya and Philippines Discuss Enhanced Bilateral Cooperation

Amman:Ashraf Al-Taib, the Director of the International Cooperation Department at the Ministry of Foreign Affairs, met with Roderico C. Atienza, Chargé d’Affaires of the Philippine Embassy in Libya, to explore ways to strengthen and develop relations …

Libya and Uganda Discuss UN Security Council Representation

Tripoli:Taher Al-Baour, head of the Ministry of Foreign Affairs and International Cooperation of the Government of National Unity, met with Haruna Kasolo Kyeyune, Uganda’s Minister of State for Foreign Affairs and Regional Cooperation, to discuss bila…