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Industry & Trade
Panama Canal recent revamp eases U.S. LNG access to China
The first shipment of liquefied natural gas from the lower 48 U.S. states to China has arrived this week, thanks to…
Pfizer to buy antibiotics business from AstraZeneca
Pharmaceutical company AstraZeneca (AZN.L) has agreed to sell its small molecule antibiotics business to Pfizer Inc…
Pharco launches new $30mn-plant for medicines materials in Alexandria
Egypt’s leading drug manufacturer Pharco Pharmaceuticals, Inc. targets launching new plant for pharmaceutical…
Auto sales in Egypt to sag to 200,000 cars in 2016- Giza Chamber
The total amount of automotive sales in the Egyptian market is expected to sag in 2016 to 200,000 cars. Chairman of…
ElSewedy keeps up feed-in tariff projects despite dispute with Egypt’s Electricity
Egypt's leading wire and cable manufacturer El Sewedy Electric is to continue executing the first phase of feed-in…
Egypt-based Pharaonic Petroleum boosts gas production to 400mn ft3
The average production of Egypt's Pharaonic Petroleum Company is currently estimated at around 400 million cubic…
Parliament endorses Japan’s JICA $111mn-loan for Hurghada solar plant
Egyptian parliament approved Tuesday the presidential decree no. 285 for 2016 in regards to a 11.2 billion yen…
Vestas close to finalizing mega turbine deal with Egypt
Danish wind-turbine maker Vestas is close to securing a €2 billion ($2.3 billion) landmark agreement with the…
Egypt’s GUPCO ups crude oil production to 76,500 barrels/day
Gulf of Suez Petroleum Co – GUPCO, a joint venture between the Egyptian Government and BP Plc, has recently boosted…
GSK-Egypt losses shrink by 6% in Q2-2016
Glaxo Smith Kline SAE (GSK) posted net losses of 72.91 million Egyptian Pounds in the first quarter of the fiscal…