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Industry & Trade
Egypt signs seismic survey deal with ARDISEIS to boost oil, gas exploration
Egypt’s Ministry of Petroleum and Mineral Resources has signed on Tuesday an agreement with ARDISEIS Egypt, a…
Pharaonic Petroleum reaches output targets
Pharaonic Petroleum Company exceeded production targets for FY 2024/2025, achieving 117 per cent of its plan by…
Russia–China trade down 7.5% in ’24
Russia and China have seen trade turnover reach $71 billion year-to-date, marking a 7.5 per cent decrease compared…
Egypt, Germany vow to advance industrial zone project in SCZone
Egypt’s Minister of Investment and Foreign Trade Hassan El Khatib and the German Minister of Economy and Energy,…
Egypt’s Khatib highlights economic reforms, investment incentives
Egypt’s Minister of Investment and Foreign Trade, Hassan Al-Khatib, attended the official opening of the The 28th…
China’s Hightex to invest $17m in decorative fabrics plant in Egypt’s West Qantara
Chinese textile manufacturer Hightex Co., Ltd Hangzhou. will invest $17 million to build a decorative fabrics and…
Tharwa Petroleum posts 3.5 m-barrel reserve boost in ’24
Tharwa Petroleum added 3.5 million barrels of proven reserves in Egypt’s West Kalabsha area in 2024, as approved in…
Egypt’s PM: Sumitomo employs 12,000, exports €300m annually
Egypt’s Prime Minister Moustafa Madbouly on Tuesday said Japanese manufacturer Sumitomo’s operations in the country…
Sumitomo Global head lauds Egyptian-made products
Sumitomo Global Chairman praised the company’s Egypt-made products, which are shipped daily bearing the “Made in…
Egypt’s Phosphate Misr posts 194% surge in annual post-tax profit
Egypt’s state-owned Phosphate Misr reported a 194 per cent jump in net profit after tax for fiscal year 2024,…
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