BMW has announced a massive recall of 1.5 million vehicles worldwide due to issues with the Integrated Braking System (IBS) supplied by Continental, forcing the company to lower its annual targets and profit expectations. The recall affects BMW, Mini, and Rolls-Royce models. As a result, BMW expects a slight decrease in vehicle deliveries for 2024,… Continue reading BMW Recalls 1.5 Million Vehicles, Slashes Profit Forecast Amid Brake System Issues and China Slowdown
Tag: Economy
BMW Recalls 1.5 Million Vehicles, Slashes Profit Forecast Amid Brake System Issues and China Slowdown
BMW has announced a massive recall of 1.5 million vehicles worldwide due to issues with the Integrated Braking System (IBS) supplied by Continental, forcing the company to lower its annual targets and profit expectations. The recall affects BMW, Mini, and Rolls-Royce models. As a result, BMW expects a slight decrease in vehicle deliveries for 2024,… Continue reading BMW Recalls 1.5 Million Vehicles, Slashes Profit Forecast Amid Brake System Issues and China Slowdown
Asian Markets Mixed as China’s Export Surge Fails to Quell Economic Concerns
Asian stock markets displayed a mixed performance on September 10, 2024, with the Indian market opening on a positive note amid global volatility. The Nifty 50 index rose by 71.50 points or 0.29% to 25,007.90, while the BSE Sensex climbed by 209 points or 0.26% to 81,768.72 points. This positive trend in Indian markets was… Continue reading Asian Markets Mixed as China’s Export Surge Fails to Quell Economic Concerns
Asian Markets Mixed as China’s Export Surge Fails to Quell Economic Concerns
Asian stock markets displayed a mixed performance on September 10, 2024, with the Indian market opening on a positive note amid global volatility. The Nifty 50 index rose by 71.50 points or 0.29% to 25,007.90, while the BSE Sensex climbed by 209 points or 0.26% to 81,768.72 points. This positive trend in Indian markets was… Continue reading Asian Markets Mixed as China’s Export Surge Fails to Quell Economic Concerns
Egypt Celebrates 72nd Farmers’ Day, Highlighting Agricultural Self-Sufficiency and New Initiatives
Egypt marked the 72nd anniversary of Eid al-Fallah (Farmers’ Day) on September 9, 2024, commemorating the issuance of the 1952 Agricultural Reform Law that redistributed land to farmers. Government officials, from the Prime Minister to local governors, praised farmers for their crucial role in achieving food security and supporting the national economy.Dr. Ali Abdelmohsen, Head… Continue reading Egypt Celebrates 72nd Farmers’ Day, Highlighting Agricultural Self-Sufficiency and New Initiatives
Egypt Celebrates 72nd Farmers’ Day, Highlighting Agricultural Self-Sufficiency and New Initiatives
Egypt marked the 72nd anniversary of Eid al-Fallah (Farmers’ Day) on September 9, 2024, commemorating the issuance of the 1952 Agricultural Reform Law that redistributed land to farmers. Government officials, from the Prime Minister to local governors, praised farmers for their crucial role in achieving food security and supporting the national economy.Dr. Ali Abdelmohsen, Head… Continue reading Egypt Celebrates 72nd Farmers’ Day, Highlighting Agricultural Self-Sufficiency and New Initiatives
Egypt’s Exports Surge 9.8% as Government Targets $145 Billion Annual Non-Oil Exports by 2030
Egypt’s economy is showing resilience and growth despite global challenges, with exports reaching $16.551 billion in the first five months of 2024, marking a 9.8% increase from the same period in 2023. Ahmed Zaki, head of the Exporters’ Association, attributes this growth to the stability of the exchange rate, direct dealings with banks, and the… Continue reading Egypt’s Exports Surge 9.8% as Government Targets $145 Billion Annual Non-Oil Exports by 2030
Egypt’s Exports Surge 9.8% as Government Targets $145 Billion Annual Non-Oil Exports by 2030
Egypt’s economy is showing resilience and growth despite global challenges, with exports reaching $16.551 billion in the first five months of 2024, marking a 9.8% increase from the same period in 2023. Ahmed Zaki, head of the Exporters’ Association, attributes this growth to the stability of the exchange rate, direct dealings with banks, and the… Continue reading Egypt’s Exports Surge 9.8% as Government Targets $145 Billion Annual Non-Oil Exports by 2030
Gold Prices and Currency Exchange Rates Stabilize in Egypt Amid Global Market Fluctuations
Gold prices in Egypt have stabilized with slight fluctuations on September 8, 2024, showing a modest increase after a period of decline. The price of 21-karat gold, the most commonly traded, is hovering around 3395-3400 Egyptian pounds per gram. This slight uptick is influenced by global market trends, with the price of gold in New… Continue reading Gold Prices and Currency Exchange Rates Stabilize in Egypt Amid Global Market Fluctuations
Gold Prices and Currency Exchange Rates Stabilize in Egypt Amid Global Market Fluctuations
Gold prices in Egypt have stabilized with slight fluctuations on September 8, 2024, showing a modest increase after a period of decline. The price of 21-karat gold, the most commonly traded, is hovering around 3395-3400 Egyptian pounds per gram. This slight uptick is influenced by global market trends, with the price of gold in New… Continue reading Gold Prices and Currency Exchange Rates Stabilize in Egypt Amid Global Market Fluctuations