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Industry & Trade
SkyPower IGD Signs 3 GW PV Deal in Egypt
Representing an unprecedented milestone in Egypt’s strategic plan to develop a sustainable renewable energy…
Oriental Weavers to issue Dividend of 0.4 Egyptian pounds per Share
Egypt’s largest carpet-maker Oriental Weavers will pay a dividend of 0.4 Egyptian pounds (US$0.05) a share, the…
U.S. Crude Oil Output to Soar till 2020 Despite Price Rout: EIA
The U.S. government on Tuesday forecast domestic crude production will rise even more than expected a year ago,…
Nestle in Exclusive Talks to sell Frozen Food Unit to UK’s Brakes Group
Nestle (NESN.VX) is in exclusive talks to sell its frozen food unit Davigel to Brakes Group, owned by buyout fund…
BMW retains Title as the World’s Top Luxury Car Brand
BMW AG defended its position as the world's top premium car brand in the first three months of the year, buoyed by…
Sponsored by Arab League, Joint Arab Investment Conference starts Today
The Secretary General of Arab League Nabil Al-Araby has inaugurated Tuesday the Joint Arab Investment Conference…
Arab Women Investors eyes Ras Gharib Gas Project Completion at end-2016
Arab Women Investors Union plans to complete Capital Gas project in Ras Gharib by the end of 2016, with US$ 100…
Shell announces Sale of 185 Service Stations
Royal Dutch Shell PLC (RDSB.LN) revealed Monday it has accepted offers for the sale of 185 owned service stations…
Chinese Group wins $600mn Contract to upgrade Egypt’s National Railway
China Railway Construction Corporation (CRCC), the second largest state-run construction enterprise, said one of…
Egypt to import $3.55 billion worth of LNG in FY2015/16
Egypt is set to import around US$3.55 billion worth of liquefied natural gas (LNG) in the 2015-16 financial year,…