Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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Shares of Chinese company Zijin Gold surged over 60% on their Hong Kong debut, raising about USD 3.2 billion in the world's second-largest IPO this year. The listing coincides with record gold prices and ongoing economic uncertainty.
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The Alexandria Governorate announced public tenders for October 2025 including oil and filter supply and maintenance of a hydraulic elevator for people with special needs. Tender booklets are available at the Contracts Department with sessions scheduled for October 1st and 2nd.
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Gold prices in Egypt reached historic highs following a surge in the global ounce price above $3,830, amid expectations of potential interest rate cuts by the US Federal Reserve in October and December meetings.
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Marsa Alam International Airport is receiving 36 international flights today, mostly European, as part of 180 flights scheduled this week from 12 different countries, with procedures to facilitate tourists and transfer them to hotels on the Red Sea coast.
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Canadian airline WestJet disclosed a cybersecurity breach in June 2025 exposing some passenger personal data but not payment information. The company is cooperating with the FBI and enhancing security measures following the attack.
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Pop Mart, the Chinese company, has achieved huge success with the Laobubu toy, fueling investment and competition in the art toy sector. The company draws from Disney’s strategy to develop content, entertainment, and theme parks in the future.
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Gold prices reached a record high of $3,839.52 per ounce amid rising concerns over a U.S. government shutdown and its impact on Federal Reserve monetary policy. Gold has gained over 45% this year, supported by central bank demand and interest rate cuts.
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The Minister of Tourism and Antiquities announced a 150-160% increase in trips to Luxor and Aswan during summer and stated that the "skirt idea" will not be used again in promotional campaigns due to more modern alternatives. Egypt ranks first in Africa in tourism with significant growth in tourist numbers and revenue.
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Ali Larijani's visit to Lebanon confirms the continuation of Iranian influence in the country, emphasizing that Beirut is not Damascus and Tehran will not allow its removal from Lebanon. The issue of disarming the Lebanese state dominated the visit's discussions amid broad Lebanese rejection of foreign interference.
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Nasdaq and S&P 500 indices closed slightly higher supported by technology stocks despite uncertainty over a potential U.S. government shutdown and hawkish monetary policy comments. Robinhood, Western Digital, and Coinbase shares saw notable gains, while furniture stocks declined following tariff announcements.
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