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Industry & Trade
Apache to sell Australia Business for $2.1 billion
Apache Corp. agreed to sell its Australian unit, Apache Energy Ltd., for $2.1 billion in cash in favour of a group…
ADNOC to reduce Murban Crude Volumes to Asia for 3rd month
The United Arab Emirates' state-run Abu Dhabi National Oil Company will reduce its flagship Murban crude volumes to…
As Government gets on Board, Solar ready to shine in Egypt
Egypt lies in the world's "sun belt" and receives abundant sunshine. But until now the country has neglected one of…
Production at Gold Miner Centamin Egypt surges 46% in Q1
Gold miner Centamin achieved output of 108,233 ounces in the first quarter of 2015, a 46 percent rise compared to…
Shell to buy BG for $70 billion
Royal Dutch Shell (RDSa.L) said on Wednesday it had agreed to buy BG Group (BG.L) for 47 billion pounds ($70…
Egyptian Iron&Steel: Chineese Firm studies Developing Plants
Egyptian Iron and Steel Co (IRON) said on Monday that a delegation from Chineese firm Sinosteel Corporation…
Egyptian Automotive Market Sales Grow 17% In January-February 2015
The Automotive Marketing Information Council (AMIC) revealed a 17% increase in automotive sales in January and…
Tourah Cement halts Production, Packaging in Torah Plant Temporarily
Tourah Cement (TORA) said on Monday that it has halted production and packaging in its Torah plant temporarily in…
FedEx to buy TNT to expand Europe Deliveries
FedEx Corp (FDX.N) launched a 4.4 billion euros ($4.8 billion) bid to buy Dutch package delivery company TNT…
Egypt’s Investment One-stop Shop to start Operating in Two Weeks
Egypt's anticipated one-stop-shop for investors to obtain licenses and permits will begin work in two weeks but be…