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Industry & Trade
Ford to invest $1.8 billion to expand R&D in China
Ford Motor Co (F.N) said on Monday it will invest 11.4 billion yuan ($1.8 billion) over the next five years to…
Egyptian dairy maker Domty to IPO 40% of shares in Q1
One of Egypt’s top dairy makers, Arabian Food Industries Co (Domty), is planning to float 40 percent of its shares…
Domty eyes launch of US$13mn new factory
Arabian Food Industries Co (Domty) intends to pump new investments worth 100 million Egyptian pounds (US$12.7…
Egypt’s GASC Receives Offers For Wheat Tender – Trade
The lowest offer in Egyptian state buyer GASC's wheat purchase tender that closed on Friday was $196.74 a tonne…
Ferrari’s U.S. IPO to raise as much as US$900 million
Italian sports car maker Ferrari's U.S. IPO is expected to raise as much as US$900 million at the planned price…
Volkeswagen shares jump, sparking questions over ‘mystery’ buyer
Volkswagen stock surged Friday despite the massive global pollution cheating scandal engulfing the group, sparking…
Egypt’s GASC receives offers for wheat tender
The lowest offer in Egyptian state buyer GASC's wheat purchase tender that closed on Friday was $196.74 a tonne…
Egypt eyes $8bn trade exchange with India in 2016
Egypt is targeting a volume of trade exchange with India amounting to US$8 billion in 2016, minister of industry…
50 Indian firms currently operating in Egypt – ambassador
There are around 50 Indian companies operating in Egypt with investments worth US$3 billion, New Delhi ambassador…
German prosecutors raid Volkswagen offices
German prosecutors raided Volkswagen's headquarters and other offices on Thursday as part of their investigation…