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On 11 March 2021, a fire occurred at a clothing factory in Obour, [1] a city in Egypt near Cairo. [2] It killed at least 20 people and injured another 24. [3] Fifteen fire trucks were dispatched to extinguish the fire. [1] The cause of the fire was likely a chemical explosion involving flammable materials stored in the basement of the building.
The company owns the largest factory in Egypt, today employing over 25,000 workers. The Misr Spinning and Weaving Company was founded in 1927 by a group of Egyptian businessmen in collaboration with the Misr Bank, facing Mahalla's Tal‘at Harb Square in El-Mahalla El-Kubra. [2]
July 18 – Egypt's Suez Canal reported a 23.4 percent drop in revenues attributed to disruptions in Red Sea shipping over the past year, marked by attacks from Yemen's Houthi militia on Israeli-linked vessels. [20] July 30 – Five people are killed and nine others are injured when a boat capsizes on the Nile River in Cairo. [21]
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Heliopolis Chemical Industries Company (Egyptian Arabic: شركة هليوبوليس للصناعات الكيماوية), or Military Factory 81 (مصنع 81 الحربي), is an Egyptian governmental joint-stock company, one of the companies of the National Authority for Military Production, [1] [2] affiliated with the Ministry of Military Production.
Location of Egypt. Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Egypt's economy depends mainly on agriculture, media, petroleum imports, natural gas, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
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Mortgage and refinance rates for Jan. 8, 2025: Rates for 30-year terms relatively flat, while 15-year terms tick up