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Industry & Trade
TAQA Arabia considers implementing new 50MW-capacity solar power plant
TAQA Arabia, a subsidiary of Qalaa Holdings in the energy sector, is considering establishing a new 50MW-capacity…
Egypt tycoon Sawiris’ fund seizes 10% stake in C&C
Southeastern Concentrated Value, an investment fund backed by Egyptian tycoon Nassef Sawiris and partners at…
Egypt’s ten-month automotive imports reached $4bn
Egyptian automotive imports hiked by 35 percent during the first ten months of fiscal year 2015-16, recent reports…
German exports to Egypt drop in May to lowest in nine months
German exports to Egypt hit their lowest levels in nine months in May 2016 as they declined by 1.8 percent in…
Oi investor urges new board after record Brazil bankruptcy filing
A minority investor in Oi SA (OIBR4.SA), Brazil's largest fixed-line phone carrier, has called for the replacement…
Mitsubishi Corp says scouting for Cuba infrastructure projects
Japanese trading house Mitsubishi Corp (8058.T) is scouting for business opportunities in Cuba including…
Egypt amends investment law in bid for increasing FDI
According to the World Investment Report 2016, the Egyptian government has amended its investment law in order to…
Eni receives ‘informal’ interest for stake in Egypt’s Zohr gasfield
Italian energy giant Eni has received several expressions of interest in buying a stake in Zohr, the large gasfield…
GlaxoSmithKline pumps 400 mln Egyptian pounds into Egypt until 2017
Drugmaker GlaxoSmithKline plans to pump investments worth 400 million Egyptian pounds ($45 million) into Egypt…
Supply minister appoints new vice chairman for Egypt wheat import authority
Egyptian Supply Minister Khaled Hanafy issued a decree on Monday to appoint Ahmed Youssef as new vice chairperson…