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Industry & Trade
GE to sell Healthcare Finance Business to Capital One
General Electric Co (GE.N) said it would sell its U.S. healthcare finance unit to credit card lender Capital One…
Russia’s Gazprombank offers Egypt to use rule in grain deals
Russia's Gazprombank has proposed to Egypt that it consider using the Russian national currency…
Sisi establishes economic zone around Egypt’s Suez Canal
President Abdel Fattah al-Sisi issued a decree establishing an economic zone for Egypt's Suez Canal, the country's…
Egyptian IDA allocates $42m for Al-Robeky Leather Zone
The Industrial Development Authority (IDA) has allocated EGP330 million (US$42.1million) in the budget of fiscal…
Electricity Consumption hits 29,100MW for 1st time in Egypt
The Electricity and Renewable Energy Ministry has announced that it did not lower loads on Monday despite…
Ezz Steel to launch New Direct-reduced Steel Factory next October
Egypt's biggest steelmaker Ezz Steel intends to launch new factory for producing direct-reduced iron (DRI) with…
New Committee to discuss available investments in Suez Canal Axis
Egyptian Union for Investors Associations is to form a committee to discuss planned investment projects in Suez…
Egypt’s Cotton U-Turn Highlights Wider Policymaking Problems
Standing waist deep in a cotton field, Egyptian farmer Mohamed Khalil cannot mask his anger; after the agriculture…
Berkshire to buy Precision Castparts in biggest-ever deal
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) agreed to buy aircraft components maker Precision Castparts Corp…
Egypt starts Trial Run for a New Solar Energy Plant
A solar energy plant in Sadat City, 94 kilometres (58 miles) north-west of Cairo, has started first trial operation…