SKF, the world’s biggest bearings maker, announced on Monday a $4.9 million investment earmarked for building a manufacturing site in Tangier in Morocco. The Swedish company said the plant will enable it to meet growing demand for magnetic bearings used in turbomachinery and other high-speed applications, including hydrogen gas liquification and for oil-free industrial compressors. […]
Teheran, which is facing growing pressure from the West to reach a nuclear deal in Geneva, is currently considering the purchase of a Russian advanced anti-aircraft missiles system, a deal, which if approved, is expected to irk Western powers. The chief of the Russian state arms firm Rostec, Mr.Sergei Chemezov said the company offered to […]
Egypt’s urban inflation rate has experienced a slight reduction for the fourth consecutive month, falling to 24% in January, according to the Central Agency for Public Mobilization and Statistics (CAPMAS) on February 10. This marks a modest decline from the 24.1% recorded in December 2024. On a year-on-year comparison, inflation has dropped by 0.8 percentage […]
