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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • Suez Canal ship traffic normal after tanker collision

    Cairo, Egypt--Shipping traffic was flowing normally on Egypt's Suez Canal on Wednesday, two shipping sources based in the country said, after two tankers that collided earlier were separated. The two tankers, the Singapore-flagged liquefied natural gas (LNG) carrier BW Lesmes and the Cayman Islands-flagged oil products tanker Burri, briefly collided...
  • One missing after tugboat sinks in Suez collision with tanker

    The authorities in charge of the waterway said that a tugboat sank and a cew member had gone missing after the vessel collided with a tanker. A salvage team had located the wreckage following the accident and the waterway was being cleared and the team rescued six of the seven...
  • Egypt nixes reports that Suez Canal traffic is falling

    The key trading link is setting new records, said the government, quoting the Suez Canal Authority.