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Industry & Trade
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…
Leather Tanning Chamber sees $191.6mn exports at year-end
The Leather Tanning Chamber of the Egyptian Industries Federation is targeting exports worth 1,5 billion Egyptian…
Tesla burns Cash, loses more than $4,000 on Every Car sold
The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its…
Russia-Egypt Business Council starts preparations for Sisi’s Moscow Visit
The Russian-Egyptian Business Council is to start preparations for President Abdel Fattah al-Sisi's anticipated…