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Industry & Trade
Qatar plans to invest $35 billion in US over 5 years
Qatar plans to invest $35 billion over the next five years in the United States, as the energy-rich Gulf state…
Oriental Weavers rejects reconciliation with Egypt antitrust watchdog
Egypt’s leading carpet maker Oriental Weavers Company announced Monday its unwillingness to reconcile with the…
Arab states seize 47.4% of Egypt’s food industries exports
The Arab states have seized 47.4 percent of Egypt's exports of food industries worth 6.5 billion Egyptian pounds…
US Kellogg acquires Egypt’s Mass Food for $50mn
US food giant Kellogg Company (NYSE: K) announced Monday it has acquired Egypt's leading cereal company, Mass Food…
VW ignored warnings on ‘illegal’ cheat software
Volkswagen ignored warnings from staff and a supplier years ago that the emission test rigging software that…
Switzerland may ban Volkswagen diesel car sales
Switzerland is considering banning the sale of diesel cars made by Volkswagen AG in the wake of the emissions…
Shell to cease further exploration in Alaska
Royal Dutch Shell Plc (RDSa.L) said it would cease exploration activity in offshore Alaska for the "foreseeable…
Germany sets deadline for Volksagen auto-fix plan
The German motor authority has given Volkswagen AG an Oct. 7 deadline to come up with a plan for fixing manipulated…
Volkswagen CEO vows action on emission scandal
Matthias Müller wasted no time asserting his authority after Volkswagen AG tapped the chief of its Porsche sports…
Egypt keen on boosting inter-African cooperation – Minister
Egypt is keen on widening the fields of mutual cooperation and opening new horizons for trade and investments with…