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Industry & Trade
Daikin Europe establishes Air Conditioning arm in Egypt
Daikin Europe has announced Wednesday its partnership with private equity firm BPE Partners to establish Daikin Air…
Shake Shack restaurant sales disappoint, stock drops
Shake Shack Inc (SHAK.N), known for indulgent antibiotic-free hamburgers, crinkle-cut fries and frozen custard…
TUI says no apparent bookings slowdown from Brexit
Travel company TUI AG (TUI.XE) said on Thursday it delivered a good performance in the third quarter, with strong…
CAPMAS: Egyptian imports drop by 13.3% in May
The total volume of Egypt's imports dropped by 13.3 percent in May 2016 to 43.5 billion Egyptian pounds (US$4.89…
Indian Mahindra Group plans building $40mn-factory in Egypt for farm equipment
Indian multinational automobile and agricultural equipment maker Mahindra and Mahindra Limited (M&M) studies…
Spain’s Abengoa to build desalination plant in Egypt’s Galala Mountain
Spanish renewable energy company Abengoa has signed Wednesday an agreement with Egypt’s Construction and Design Co.…
Power plants consumption of fuel worth $450mn per month: Oil minister
The total volume of power plants consumption of fuel is estimated at 3-4 billion Egyptian pounds (US$450 million)…
Sawiris’ OTMT plans investing in Egypt’s food, agricultural industries sector
Egypt's Orascom Telecom Media and Technology Holding company (OTMT) -owned by tycoon Naguib Sawiris - is currently…
Microsoft to finalise Egypt supplies e-linking project in 12 months: minister
Microsoft is expected to complete the e-linking project for trading commodities in Egypt in 12 months, the…
Meat producer El-Hassan & El-Hussein hopes to restore Port Said land for…
Egyptian food and meet producer El-Hassan and El-Hussein for Industrial Investment and Trading eyes…