Retail

Local, Italian companies partner up to establish food retail chain in Egypt

Sun, 13 Sep 2020 - 12:15 GMT

The Egyptian company GRG and the Italian Sopria Holding Company – owner of Crai Retail Modeling – signed an MoU Sunday.

PM visits 5 facilities, public investments in Alexandria's Borg Al Arab

Wed, 05 Aug 2020 - 08:20 GMT

The construction works of a court that will house Men's Handball World Championship taking place on January 14-31 are completed by 95 percent.

Disintermediation between Applicability and Delusion

Sat, 01 Feb 2020 - 04:01 GMT

The web reduced the number of intermediaries, but how that affects the value chain is not crystal clear.

Chinese investors to establish hypermarket in Cairo

Sun, 14 Jul 2019 - 02:12 GMT

That will be the beginning of further commercial and industrial investments that will create 100,000 jobs.

5 sectors to drive estimated GDP growth of 5.6% in FY2019-20

Tue, 04 Jun 2019 - 02:46 GMT

The GDP is expected to hit LE 6 trillion ($358 billion) in the FY2019-2020, achieving a 5.6 percent growth driven mainly by five industries.

Sterling hits five-day high after UK retail sales smash forecasts

Thu, 14 Jun 2018 - 09:29 GMT

Sterling also rose versus the euro and was up 0.2 percent at 88 pence.

'Exhausted' Toys 'R' Us suppliers weigh options as huge retailer shuts

Sat, 17 Mar 2018 - 11:22 GMT

payments to toy makers are at risk in a dramatic turn of events as the iconic toy retailer speeds toward U.S. liquidation.

Banque Misr achieves highest profits in its history of LE 14B in 6/17

Sun, 11 Mar 2018 - 06:04 GMT

Banque Misr achieved its highest profits in its history in fiscal year 2016/17, posting total profits, before tax, of LE 14.1 billion.

Wall Street hits new highs on earnings optimism, data

Sat, 13 Jan 2018 - 11:09 GMT

Wall Street continued its rally on Friday with record closing highs.

Despite Amazon, brick stores are not dead yet

Sat, 18 Nov 2017 - 11:09 GMT

Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.

Hurricane Harvey slams U.S. retail sales, industrial output

Sat, 16 Sep 2017 - 11:15 GMT

U.S. retail sales unexpectedly fell in August and industrial output recorded its biggest drop since 2009 as Hurricane Harvey disrupted activity.

Egypt’s oil & gas sector acquires majority of FDI: report

Mon, 21 Aug 2017 - 09:45 GMT

The United Kingdom, the United States and Belgium are the largest foreign investors, Renaissance Capital said.

Online retailer ASOS to open second U.S. distribution center

Tue, 08 Aug 2017 - 11:09 GMT

British online fashion retailer ASOS is spending $40 million on a second U.S. distribution center.

UK retail sales dip in July on fashion slump - BDO survey

Sun, 06 Aug 2017 - 10:30 GMT

British shops saw a dip in sales last month, with fashion retailers enduring their worst July for eight years.

US antitrust crackdown on Amazon? Not so far

Sun, 02 Jul 2017 - 09:26 GMT

US antitrust regulators have shown little sympathy for the plight of brick and mortar retailers as Amazon and e-commerce travel around the world of shopping.

Egyptian retailers offer promotions after EGP appreciation

Tue, 21 Feb 2017 - 01:48 GMT

Retailers in Egypt will address the recent appreciation of the Egyptian Pound via promotions on goods currently in stock

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