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Industry & Trade
Ezz Steel to launch New Direct-reduced Steel Factory next October
Egypt's biggest steelmaker Ezz Steel intends to launch new factory for producing direct-reduced iron (DRI) with…
New Committee to discuss available investments in Suez Canal Axis
Egyptian Union for Investors Associations is to form a committee to discuss planned investment projects in Suez…
Egypt’s Cotton U-Turn Highlights Wider Policymaking Problems
Standing waist deep in a cotton field, Egyptian farmer Mohamed Khalil cannot mask his anger; after the agriculture…
Berkshire to buy Precision Castparts in biggest-ever deal
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) agreed to buy aircraft components maker Precision Castparts Corp…
Egypt starts Trial Run for a New Solar Energy Plant
A solar energy plant in Sadat City, 94 kilometres (58 miles) north-west of Cairo, has started first trial operation…
Leather Tanning Chamber sees $191.6mn exports at year-end
The Leather Tanning Chamber of the Egyptian Industries Federation is targeting exports worth 1,5 billion Egyptian…
Tesla burns Cash, loses more than $4,000 on Every Car sold
The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its…
Russia-Egypt Business Council starts preparations for Sisi’s Moscow Visit
The Russian-Egyptian Business Council is to start preparations for President Abdel Fattah al-Sisi's anticipated…
Italian Mulmix offers launch of grain silos in Egypt
Italy-based Mulmix Company is offering Egypt to establish a number of silos for wheat and grain storage, Egyptian…
Government allocates $511mn to upgrade Cairo Metro
Egyptian government decided to allocate EGP4 billion (US$511.1 million) as investments to develop the services of…