Egypt’s wheat imports increase by more than $2Bln during 1st half of 2024

Egypt’s wheat imports significantly increased in the first half of 2024, rising to $2.324 billion from $1.785 billion in the same period of 2023, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). Wheat remains a crucial staple food for the country, contributing to the overall rise in raw material imports, which reached […]

Russian EVs producer Concordia to set up manufacturing factory in Egypt

Concordia, a Russian manufacturer of electric vehicles (EVs), will set up an EV components manufacturing factory in Egypt as part of deal with real estate developer GV Investments. Per the partnership, GV Investments will provide the plot of land needed for the project and construct the factory, reports say. The future factory is expected to […]

Yemen reaffirms recognition of Moroccanness of Sahara

Speaker of Yemen’s House of Representatives Sultan Said al-Barkani has reaffirmed his country’s steadfast support to Morocco’s territorial integrity and full sovereignty over its entire Saharan territory. He voiced the supportive stand during the meetings he held separately Monday in Rabat with Moroccan peer Rachid Talbi Alami and Speaker of the House of Advisors Enaam […]