Masress
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Regularly updated and featuring local ground breaking content, Masress (Egypt Press) is an Egyptian website that collects news and articles from local Egyptian newspapers, classifies them, and then arranges them according to their importance.
Masress
1d ago
Egypt's gold prices fell slightly on Wednesday at 12:00 pm compared to April 23rd, with the average price across all carats dropping by almost 0.48 per cent, according to an electronic gold price platform. Metal April 24th (EGP) April 23th (EGP) Change % 24 Carat 3,582.75 3,600.00 -0.48 21 ..read more
Masress
1d ago
European stock markets experienced a varied day of trading on Wednesday, with the STOXX 600 index seeing a modest increase of 0.2 per cent, reaching levels not seen in over a week, largely driven by a 2.3 per cent rise in the technology sector, according to Reuters. This uptick came after ASM ..read more
Masress
1d ago
Tesla anticipates incurring over $350 million in expenses during the second quarter due to the recent large-scale layoffs it initiated, according to Reuters citing a regulatory filing on Wednesday. The electric vehicle manufacturer also reaffirmed its projection of capital expenditure surpassing ..read more
Masress
1d ago
The General Authority for Investment and Free Zones (GAFI), in partnership with the African Development Bank, successfully concluded a programme aimed at enhancing the entrepreneurial ecosystem. This initiative significantly bolstered the capabilities of entrepreneurs and startups across all ..read more
Masress
1d ago
Ahmed Zaki, Secretary-General of the Exporters Division at the Cairo Chamber of Commerce, has urged for a comprehensive review and stocktaking of Egyptian exports. His proposal includes a strategic focus on augmenting the exports of products that are highly sought after in international markets ..read more
Masress
1d ago
Italy's antitrust authority has imposed a fine of 10 million euros ($10.70 million) on two Amazon subsidiaries over alleged anti-competitive practices, the authority announced on Wednesday, as cited by Reuters. The regulator accused Amazon of "substantially limiting consumer choice" by ..read more
Masress
1d ago
The Egyptian Ministry of Environment has signed a cooperation protocol with the Egyptian Haretna Foundation for Sustainable Development. The primary aim of this partnership is to preserve the environment and natural resources, ensuring responsible use without depletion, while also considering the ..read more
Masress
1d ago
Egyptian Prime Minister Mostafa Madbouly chaired a meeting on Tuesday to discuss efforts to ensure the availability of essential and basic commodities and increase their strategic reserves. The meeting was attended by key officials, including Ali Moselhi, Minister of Supply and Internal Trade ..read more
Masress
1d ago
"The enemy [Israeli occupation army] remains ensnared within the grains of Gaza," said Abu Ubaida, the military spokesperson for the Izz al-Din al-Qassam Brigades, the military wing of the Islamic Resistance Movement (Hamas). In his speech on the occasion of the 200th day of the Israeli war on ..read more
Masress
1d ago
The Swiss authorities have reported a year-over-year decrease of 1.7 billion Swiss francs in the value of frozen Russian assets, bringing the total down to 5.8 billion Swiss francs (approximately $6.36 billion), the Swiss State Secretariat for Economic Affairs (SECO) stated on Tuesday. The decline ..read more