US launches anti-dumping probe into Egyptian rebar exports

Arab Finance: The US International Trade Commission announced a preliminary anti-dumping and countervailing duty investigation into imports of steel concrete reinforcing bars (rebar) from Egypt, Algeria, Bulgaria, and Vietnam.
Unless the Department of Commerce extends the time for initiation, the commission shall issue a preliminary determination by July 21 st on whether Egyptian and other mentioned countries materially injured or threatened the US industry.
The commission will also have to present its views to the commerce within five business days thereafter, or by July 28 th, 2025.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Zawya

21 hours ago

• Zawya

VinFast joins global push into UAE's expanding EV market

HANOI, VIETNAM - Media OutReach Newswire - 20 June 2025 - As the UAE moves steadily toward an electric future, Vietnam's VinFast is establishing its presence, aligning with government ambitions and shifting consumer preferences. Something electric this way comes to the streets of the UAE, as global EV brands are racing to capture the attention of local drivers. These include some from faraway places like Vietnam, as in the case of VinFast, which has been opening showrooms and hosting brand launches in the GCC nations. It's easy to see why this is the case. Market projections show the UAE's electric vehicle market revenue will reach $1.95 billion by 2025[1]. The people also seem ready for a change: A 2024 survey found that 73% of UAE residents want to buy electric cars, with 50% of participants drawn by the promise of advanced technology, improved fuel efficiency (35%), and enhanced safety features[2]. Almost half view electric vehicles as the future of transportation, with 38% planning to purchase one soon. And for some early adopters, that future is already here, with a 23.6% increase in EV charging usage in Dubai by early 2025, according to Dubai's Electricity and Water Authority[3]. The UAE government recognizes this momentum and acts accordingly. Dubai offers free parking for EV owners, provides complimentary Salik tags, and has been expanding charging infrastructure. One expert even suggested creating an EV-only lane on Sheikh Zayed Road if the government wants to achieve its goal of having half of the cars on its roads be electric by 2050[4]. In that context, emerging brands are all vying for a piece of the UAE market, challenging traditional automakers with fresh design languages, high-tech features, and competitive pricing. The upstart VinFast exemplifies this new wave of car manufacturers. In its home market of Vietnam, a country not historically associated with high-tech car manufacturing, VinFast has managed to build an EV supply chain with a 60% localization rate, aiming for 80% by 2026. The brand has recently become Vietnam's best-selling car brand in 2024, thanks to its comprehensive EV ecosystem that includes widespread charging infrastructure and strong after-sales policies. That local appeal has become the launchpad for expansion across the U.S., Europe, and the Middle East. VinFast's VF 8 model represents the brand's international debut, featuring premium design elements and advanced smart technology that align with UAE preferences for both sustainability and luxury. The VF 8 offers competitive performance metrics alongside industry-leading warranty coverage of 10-year/200,000 km vehicle coverage, 10-year/unlimited mileage battery coverage, and comprehensive after-sales support. The vehicle's refined design language and cutting-edge technology package, including a full set of ADAS and 11 airbags, appeal to drivers who view their cars as extensions of their lifestyle choices. More global players will likely enter the UAE market, drawn by government support, consumer enthusiasm, and infrastructure development. The combination creates ideal conditions for brands willing to invest in long-term success. In that context, new EV brands like VinFast, by diving in early, are actively shaping the future of driving in the UAE, proving that electric mobility can deliver both environmental benefits and exceptional experiences. Hashtag: #VinFast The issuer is solely responsible for the content of this announcement. VinFast

Zawya

a day ago

• Zawya

Tunisia: FDI up 21% in 2024 (UNCTAD)

Tunis - Foreign Direct Investment (FDI) in Tunisia increased by 21% in 2024, compared to 2023, reaching $936 million, according to the latest World Investment Report published Thursday by the United Nations Conference on Trade and Development (UNCTAD). Along with Egypt, Tunisia contributed «significantly» to the rise in the value of new projects in North Africa, where investments grew by 12% to reach $76 billion, accounting for two-thirds of the continent's total investment spending. Tunisia contributed to this growth with investment announcements worth $13 billion, along with a considerable increase in the number of projects. According to UNCTAD, North Africa was the only region in the continent to record an increase in the value of new projects. It also attracted the highest amount of FDI on the continent, with a value of $51 billion, compared to $13 billion in 2023. Moreover, the report highlighted a significant rebound in FDI flows to Africa, which surged by 75% to reach $97 billion, representing 6% of global FDI flows, compared to 4% the previous year. This increase is largely attributed to an international financing agreement for urban development projects in Egypt, according to the same source. Excluding this boost, FDI in Africa still grew by 12%, reaching about $62 billion, which is 4% of global flows. Efforts to facilitate investment continued to play an important role in Africa, accounting for 36% of investor-friendly policy measures. Liberalisation also remained a key aspect of investment policy-making in both Africa and Asia, representing one-fifth of the measures adopted in 2024. The continent attracted a growing share of global megaprojects in 2024, including seven valued at over $4 billion each. Among the largest announcements was a megaproject in Tunisia's renewable energy sector, worth a total of $6 billion. At the sector level, construction and metal products saw the largest increases in investment in entirely new projects, while electricity and gas supply projects dropped by $51 billion. According to the report, European investors hold the largest stock of FDI in Africa, followed by the United States and China. Chinese investments, valued at $42 billion, are diversifying into sectors such as pharmaceuticals and agribusiness. © Tap 2022 Provided by SyndiGate Media Inc. (

Zawya

a day ago

• Zawya

Egypt: EIUD's board greenlights EGP $296,045 capital raise

Arab Finance: The board members of Egyptians for Investment and Urban Development (EIUD) approved raising the issued and paid-up capital to EGP 165 million from EGP 150 million, according to a bourse disclosure. The company will increase its capital by EGP 15 million, distributed over 150 million shares, with a nominal value of EGP 0.10 per share. Accordingly, EIUD will distribute 1-for-10 bonus shares, financed from the retained earnings account for 2024, valued at EGP 17.531 million. Founded in 1998, the company is engaged in real estate development and construction projects. Its activities include investment in real estate, tourism, construction, land subdivision, tourist villages, hotels, restaurants and territorial division, real estate development.