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Industry & Trade
Egyptian foodmaker Edita says receives Arab Bank’s two medium term loans
Egyptian foodmaker Edita has announced on Wednesday that it received two medium term loans from Arab Bank totalling…
Russian firm eyes developing Egyptian Iron Company
A leading Russian iron and steel firm expressed its keenness on participating in the project of upgrading Egyptian…
Egypt’s tobacco maker Eastern Company raises issued capital to $169mn
The Egyptian joint stock company Eastern Company is set to boosts its issued capital to 1.5 billion Egyptian pounds…
German-Egyptian trade volume hits £1.2bn in Q1 2016
The volume of trade exchange between Egypt and Germany fell by 2.7 percent during the first quarter of 2016. The…
Air Berlin discusses new airline with Etihad, Tui
German carrier Air Berlin PLC continues its reduction programme as it announced on Wednesday that it had agreed to…
Gold production from Sukari Mine rises 41%: Centamin Egypt
Gold mining company Centamin Egypt announced Wednesday preliminary production results for the third quarter of 2016…
Egypt’s non-oil business activity slowdown stretches to one year -PMI
Business activity in Egypt shrank for the 12th consecutive month in September, with output declining the most in…
Auto sales in Egypt to drop by 30% in 2016: official
The volume of automotive sales in Egypt is expected to decline by 30-35 percent in 2016 to around 200,000 autos…
Egypt government allocates $292.8 mln for health, pharmaceuticals sectors
The Egyptian government allocates 2.6 billion Egypt pounds ($292.8 million) to provide all needs of health and…
In 6 months, Egypt’s exports to Italy hit $743mn
Egyptian exports to the Italian market declined by 6.9 percent to 6.6 billion Egyptian pounds (US$743 million) in…