factory

N. Korea's Kim tours cosmetics plant with wife, sister

Seoul - Muslimchronicle

During a visit to the Pyongyang Cosmetics Factory in the capital, Kim hailed its "world-level" products that realised "the dream of the women who want to be more beautiful", the official KCNA news agency reported. Kim was accompanied by Kim Yo-Jong, his younger sister and a senior member of the ruling Workers' Party, it said, with photos showing Kim's wifeRead more

Ethiopia devalues currency in competitiveness bid

Addis Ababa - Muslimchronicle

Ethiopia will devalue its currency by 15 percent in a bid to boost demand for its major exports, a state-run media outlet reported Tuesday. Africa's second most-populous country is also one of its best economic performers, with the International Monetary Fund (IMF) estimating in September that the economy had grown by 9 percent since 2016. Fana Broadcasting Corporate reported theRead more

Indian fireworks factory blast kills nine: police

New Delhi - Muslimchronicle

A blaze at an illegal fireworks factory in eastern India killed nine workers who were stocking up ahead of the Hindu festival of Diwali next month, police said Monday. The fire broke out at the factory in Jharkhand state late Sunday after an explosion. “The unit was being run illegally and there was a huge stock of fireworks in preparationRead more

China Producer Prices Down 1.7% in July

Beijing - QNA

China's producer price index (PPI), which measures costs for goods at the factory gate, dropped 1.7% year on year in July, the National Bureau of Statistics (NBS) said Tuesday. The NBS said in an online statement that the PPI decline narrowed from a 2.6% decrease in June thanks to stronger industrial product prices for nonferrous metal smelting and rolling, ferrousRead more

3 reported dead as huge fire devastates factory near Moscow

Moscow - Arab Today

At least three people have died and two firefighters are reportedly missing at a burning furniture factory in a Moscow suburb, Russia Today reported Friday. The blaze, which spread over 3,700 square meters and led to a massive roof collapse, is being battled by some 120 firefighters. The blaze started at a furniture factory in Fryazino in Moscow region onRead more

French automobile company seeks to establish car assembly factory in Egypt

Cairo - MENA

A French automobile company seeks to establish a car assembly factory in Egypt in the coming period, where the local component will be represented with a high percent, Egyptian Trade and Industry Minister Tareq Qabil said on Sunday. During a meeting with the deputy head of one of the biggest French automobile manufacturers, Qabil described the automobile industry as "strategic".Read more

Italy's Bertazzoni group to pump €55m in manufacturing cookers in Egypt

Cairo - MENA

Italy's Bertazzoni group decided to pump 55 million euros in new investments to produce a factory for manufacturing cookers in Egypt. During his meeting with Board Chairman of Bertazzoni group Paolo Bertazzoni, Trade and Industry Minister Tarek Qabil said that the factory will represent a significant addition to the home appliance industry. The company's decision comes in line with theRead more

Iraqi army finds chemicals' factory belonging to Daesh in western Heit

Baghdad - MENA

A force of the Iraqi army found Monday a factory for manufacturing chemical substances belonging to the terrorist group Daesh near Heit city in Anbar. In a press statement, Al Jazeera and Al Badia Operations Command said that the army found a large factory for chemical substances containing refining devices and large depots for storing raw materials used for manufacturingRead more

US Stocks Close Higher on Solid Jobs Data

New York - QNA

US stocks rose on Friday after better-than-expected US jobs and factory survey data. Nonfarm payrolls increased 215,000 and the unemployment rate rose to 5.0 percent from an eight-year low of 4.9 percent, the U.S. Labor Department said. The jobless rate rose as more people continued to seek work, a sign of confidence in the jobs market. The S&P 500 .SPXRead more