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Industry & Trade
BG’s Egypt assets fit with Shell’s long-term bet
Shell’s $70 billion takeover of BG Group is likely to be good news for BG’s troubled assets in Egypt, analysts…
Gas giant GDF Suez changes name to Engie
French gas utility GDF Suez said it was changing its name to 'Engie' to reflect an evolving energy sector and the…
Romania eyes $1bln Trade Exchange with Egypt at end- 2015 – Ambassador
Romania is targeting increasing its volume of trade exchange with Egypt to hit US$1 billion by the end of 2015,…
Cairo-Alex Desert Road to be finished before Summer 2015 – Authority
Egyptian Armed Forces’ Engineering Authority is set to finish developing Egypt-Alex desert road before the…
Ganope’s Assiut Refinery covers 76% of Upper Egypt’s Oil Needs
Egypt’s state-owned Ganoub El-Wadi Petroleum Holding Co. (Ganope)’s refinery in Assiut will fill 76% of oil needs…
Mercedes Carmaker to withdraw from Joint Car Assembly Venture in Egypt
German carmaker Daimler is to withdraw from Egyptian joint venture EGA, a company spokeswoman said Friday, DPA…
Riyadh seeks increasing Agricultural Investments in Egypt
Egypt and Saudi Arabia agreed on boosting the Saudi investments in Egypt so as to remove obstacles facing the…
Egypt scraps Maritime Deal with Turkey
Abdel-Rahim Mostafa, a spokesman for Egypt’s Read Sea Ports Authority, said in a statement that a memorandum of…
Canon owns 84 percent of Axis, won’t raise Offer
Canon Inc (7751.T) said on Friday it owned 84 percent of the shares in Swedish video-surveillance firm Axis AB…
Egypt’s Investment Minister vows to reduce Country’s Bureaucracy
Having secured close to US$60 billion in investment pledges at last month’s investment conference to help revive…