Egypt is seeking to attract new Chinese investments to the planned free zone in New Alamein City, according to a meeting between Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), and Ye Dongsong, Chairman of the Hebei (...)
Egypt is anticipating a $400 million infusion in budget support from the UK over two years, marking the latest contribution to a comprehensive global bailout aimed at bolstering its economy.
Rania Al-Mashat, Egypt's International Cooperation (...)
The Suez Canal Economic Zone (SCZONE) hosted a trade delegation from China's Zhejiang Province on Tuesday. The delegation, led by Chen Zhicheng, Deputy Director General of Zhejiang's Department of Commerce, included representatives from major (...)
US Treasury Secretary Janet Yellen warned China that the US will not tolerate new industries being harmed by Chinese imports, Reuters reported on Monday. She emphasised the need for Beijing to address excess industrial capacity during her recent (...)
Chinese authorities have pushed Syngenta, a Swiss agrichemicals and seeds group, to withdraw its long-delayed $9 billion IPO application in Shanghai due to uncertainty about the impact a sizeable new offering would have on a volatile market, Reuters (...)
China, Africa's main trade partner, has the potential to lead Africa's energy revolution but must first address its long-standing underinvestment in the continent's green energy, according to a recent Boston University study reported by Reuters on (...)
New home prices in China increased at the fastest rate in over two and a half years in March compared to the previous month, according to a private survey reported by Reuters on Monday.
This growth was driven by various measures aimed at supporting (...)
Privately-owned Chinese firm GCL Holdings is shifting focus back to the natural gas sector, pivoting away from solar energy, according to Reuters.
Amidst a global liquified natural gas (LNG) supply surplus and burgeoning demand in China, GCL aims to (...)
Shein, an online fast-fashion retailer, has more than doubled its profits of $2 billion in 2023 and is awaiting regulatory approval from Beijing for its upcoming listing in New York or London, Financial Times reported on Sunday.
The company recorded (...)
Chinese rocket maker Space Epoch is collaborating with Alibaba's online shopping platform Taobao to develop reusable rockets for express deliveries that could reach globally within an hour, Reuters reported on Sunday.
The project is currently in its (...)
CEOs of multinational giants are scheduled to meet in Beijing this week for the China Development Forum, Reuters reported on Monday. The foreign firms are looking to reduce risk in China while the government is phasing out some overseas (...)
China pledged to treat foreign companies the same way as domestic peers to attract more foreign investment, co-operation and expertise, Reuters reported on Monday, citing Vice Commerce Minister Guo Tingting.
"China will fully guarantee national (...)
China stands at a critical juncture, as IMF Managing Director Kristalina Georgieva emphasised the need to choose between traditional policies or "pro-market reforms" to unlock growth, according to the Financial Times report on Sunday.
At Beijing's (...)
Xpeng, a Chinese EV maker, announced its plan to launch a more affordable brand, marking its entry into an intensely competitive segment of the EV industry where price wars are prevalent, Reuters reported on Sunday.
Xpeng plans to launch new models (...)
Egypt's Minister of Trade and Industry, Ahmed Samir, recently met with Zhang Tao, the Acting Chinese Ambassador to Cairo, along with a delegation, to discuss the progress made since last week's meeting with the Chinese Minister in Cairo. The talks (...)
Xiaomi, China's fifth-largest smartphone maker, will begin delivering its first electric vehicle (EV) model, the SU7, this month, Reuters reported on Tuesday.
The company will take orders through its 59 stores in 29 cities nationwide, with a launch (...)
Economists anticipate a brief uptick in China's consumer prices index, attributed to a delayed Lunar New Year holiday and a surge in post-pandemic spending, However, signs of sluggish domestic demand overshadow this, suggesting the rise may not be (...)
Chinese Premier Li Keqiang announced 2024 economic growth target of around five per cent, pledging to transform the country's development model and address risks from bankrupt property developers and indebted cities, Reuters reported on Tuesday.
In (...)
China's Guizhou Hongyingda Construction Project Management Co. issued a 1.8 billion yuan ($250 million) five-year non-public bond to help repay debt from a local government financing vehicle (LGFV), as reported by Bloomberg on Monday.
The bond, (...)
China's local governments are hesitant or unable to borrow more, despite pressure to boost growth, leading to expectations that Beijing may take on more debt to fill the gap, Bloomberg reported on Monday.
Regional authorities plan to issue new bonds (...)
أكدت سفارة الصين في لندن أن بكين ستبذل قصارى جهدها لحماية حقوق ومصالح الشركات الصينية، وذلك بعد أن فرضت بريطانيا عقوبات على عدد منها في إطار الإجراءات التقييدية ضد روسيا.
والخميس فرضت المملكة المتحدة عقوبات على عدد من الشركات من عدة دول، بما فيها (...)
أعلن وزير الخارجية البريطاني، ديفيد كاميرون، اليوم الخميس، عن أكثر من 50 عقوبة جديدة تستهدف الأفراد والشركات التي تدعم روسيا في حرب أوكرانيا.
ووفقا لبيان وزارة الخارجية البريطانية، فإن العقوبات تستهدف الأشخاص أو الكيانات التي تساعد في توريد الأسلحة (...)
أعلن وزير الخارجية البريطاني، ديفيد كاميرون، اليوم الخميس، عن أكثر من 50 عقوبة جديدة تستهدف الأفراد والشركات التي تدعم روسيا في حرب أوكرانيا.
ووفقا لبيان وزارة الخارجية البريطانية، فإن العقوبات تستهدف الأشخاص أو الكيانات التي تساعد في توريد الأسلحة (...)
Asian shares declined from their highest levels in 1-1/2 months on Tuesday, as investors were unimpressed by China's record rate cut, Reuters reported.
Meanwhile, futures in the U.S. and Europe fell due to diminishing prospects of early rate cuts in (...)
China announced on Tuesday its largest ever reduction in the benchmark mortgage rate, in an effort to assist the struggling property market and the broader economy, Reuters reported.
The 25-basis point cut to the five-year loan prime rate (LPR) (...)