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Industry & Trade
GB Auto acquires 96% of Chinese-made car sales in Egypt
Ghabbour Auto was able to acquire 96% of the Chinese car market in Egypt. Its two main brands, Chery and Geely,…
Spain, Egypt in talks to increase oil and gas joint projects
Egypt and Spain will cooperate to launch new investment opportunity in oil, natural gas, and petrochemicals…
CCC: Egypt imported 100,000T of steel with $70m in 2 months
Egypt imported 100,000 tonnes of steel in August and September 2016 with total cost estimated at around 620 million…
Damietta Furniture City expected to attract $563m-investments: official
The total volume of investments that would be pumped into Damietta Furniture City is expected to hit 4-5 billion…
Egypt’s exports to Turkey hike by 9.3% in six months: CAPMAS
Egyptian exports to Turkey reached 5.2 billion Egyptian pounds (US$585.5 million) during the first half of 2016…
Damietta Furniture City to raise Egypt’s exports by more than $200m: Minister
The set-to-be-established Damietta Furniture City is expected to participate in boosting exports of furniture…
AstraZeneca signs $1.5 bln deal with Allergan
AstraZeneca PLC (AZN.LN) said on Monday that it has signed a deal with Allergan PLC AGN, -0.21% worth up to $1.52…
S. Africa, Egypt’s GAFI sign MoU on raising joint investments, trade
Egyptian General Authority of Investment and Free Zones (GAFI) signed a memorandum of understanding (MoU) with…
47% of works at New Capital City power plant completed: Egypt’s minister
Egyptian electricity ministry finished 47 percent of works at the power plant of state's New Administrative Capital…
1,226 Chinese firms invest $500mn in Egyptian market: GAFI’s Khodair
The total Chinese investments in the Egyptian market reached US$500 million, Chairperson of the General Egyptian…