Jan Kubis

Spain Scraps Sale of 400 Laser-guided Bombs to KSA

Madrid has cancelled the sale of 400 laser-guided bombs to Saudi Arabia for fear that the arsenal could be used in the ongoing conflict in Yemen. The announcement was made Tuesday by the Spanish Ministry of Defense, which said that the government decided to halt a military deal under which Spain was to supply 400 […]

Egypt suspends customs duties on essential goods for six months

Egypt’s Premier Mostafa Madbouly announced Monday October 9 the government decision to suspend from next Saturday duties and customs on essential goods as part of the efforts to curb inflation, especially in food prices. Speaking at a press conference, Madbouly indicated that the government also agreed to reduce the prices of seven basic commodities by […]

Turkish Beko injects $100m in its projected plant in Egypt

Turkish major appliance and consumer electronics brand Beko indicated Thursday it has invested $100 million in the Egyptian market for their plant project. General Manager of Beko Egypt Umit Günel made the announcement in a press release. The company in December laid the foundation stone of its Beko Egypt factory. The plant is set to […]