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Industry & Trade
ExxonMobil launches bidding war for InterOil in PNG gas push
ExxonMobil Corp has made a bid worth at least $2.2 billion for InterOil Corp and its stake in a rich Papua New…
UK keens to fund new British projects in Egypt with £500m- Export Finance
UK Export Finance (UKEF) is keen to fund a number of British projects in Egypt notably in new and renewable energy,…
Egypt purchases 300K tonnes of Russian, Romanian wheat, reserve enough to end-2016
Egyptian ministry of trade and industry purchased 300,000 tonnes of Russian and Romanian wheat in the second global…
3996 firms investing in Suez Canal cities: GAFI
There are around 3,996 companies working in Suez Canal’s three cities, with total investments standing at 59…
U.S. retail sales, industrial output data suggest strong Q2 GDP growth
U.S. retail sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods,…
TOBB business group tells Turkey PM it will visit Egypt
A delegation of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) will be visiting Egypt, the business…
Serious concerns haunting Egyptian automotive market following Brexit
The Egyptian automotive market received the news of Brexit vote to leave the European Union (EU) with serious…
Boeing aims for supersonics and Mars at outset of second century
The Boeing Co marked its centennial on Friday with plans to sharpen its focus on innovation, including ambitious…
General Motors escapes some claims from 2014 recalls
A U.S. judge on Friday dismissed some claims brought against General Motors by customers seeking compensation for a…
Trade ministry plans boosting Egypt leather exports to US$1bn annually
Exports of Egyptian leather sector are expected to reach US$1 billion per years after completing Al Robeky zone for…