Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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Kenyan President William Ruto officially inaugurated United States University, the first fully integrated Islamic university in Kenya, founded in 1997. The university now enrolls about 3,000 students from Kenya, East Africa, and other countries, offering multiple accredited programs by the Kenyan Ministry of Education.
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Beni Suef Governor held a preparatory meeting for the fourth Medicinal and Aromatic Plants Festival, discussing event plans and an EU-supported integrated center project, aiming to promote Beni Suef as the capital of medicinal and aromatic plants.
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Omar Mohanna, Chairman of the Egyptian Center for Economic Studies, stated that while Egypt's macroeconomic indicators have improved, reliance on hot money inflows is not advisable. What is needed is foreign direct investment, which requires improving the investment environment and allowing the private sector to compete.
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The London Stock Exchange slipped to 23rd place globally in IPO markets, with proceeds dropping 69% to $248 million since the start of the year, marking the weakest level in over 35 years.
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Global foreign exchange markets hit a new record with an average daily turnover of $9.6 trillion in April 2023, while the U.S. dollar continues to dominate the market.
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Australian Prime Minister Anthony Albanese visited the Lulu Hypermarket branch in Abu Dhabi during his official UAE tour, inviting the group to open stores in Australia amid the new free trade agreement between the two countries.
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Spanish police arrested three men suspected of piloting a submarine carrying 3.6 tons of cocaine from South America to Galicia. Fourteen traffickers were arrested and a large quantity of drugs and related equipment were seized.
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Sheikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister of Bahrain, visited the Al Naseem project in Diyar Al Muharraq to review the completion of villa construction, highlighting the real estate sector's role in supporting the national economy and investment.
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Prime Minister Mostafa Madbouly announced presidential directives to expand Egyptian Japanese schools beyond 100, with plans to exceed 500 schools. He also noted the near completion of the Shebin Spinning Factory development project, with investments of two billion Egyptian pounds aimed at reviving the cotton industry.
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China's banking sector held $1.77 trillion in foreign financial assets by the end of June 2025, with a net foreign asset surplus of $234.4 billion resulting from foreign liabilities of $1.54 trillion.
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