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Industry & Trade
South Valley Cement inks $38m contract with China’s Sinoma
Egypt-based South Valley Cement Company (SVCE) has signed a contract with Chinese firm Sinoma CDI, to carry out a…
Automotive Sales Paralysed: Distributors
large number of agents and distributors agreed that sales in the Egyptian automotive market have been paralysed;…
Oriental Weavers accused of ‘monopolistic practices’ – Egypt competition…
Egypt-based leading carpet maker, Oriental Weavers (ORWE.CA) has been referred Tuesday to the public prosecution on…
France-Egypt trade exchange records €2.6 billion in 2014
The trade exchange between Egypt and France reached €2.6 billion in 2014, 2.8 percent higher from 2013, Head of…
Egypt’s Plastics, rubber exports to hit $1.8bn by end 2015
Exports of plastics and rubber sector are expected to reach EGP14 billion (US$1.78 billion) by the end of 2015,…
U.S. permits Shell to drill for oil in Arctic off Alaska
The U.S. government gave Monday Royal Dutch Shell a final green light to drill for oil and natural gas in the…
91 Approved Projects With Investments Of LE1.857bln: Minister
Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour said that the Industrial Development Authority…
Kellogg buys greater stake in the Egyptian biscuit maker – sources
The US Kellogg’s grip on Egypt-based biscuit maker Bisco Misr has become firmer after buying Misr Insurance…
Industrial Development grants approvals for 61 projects to expand
Industrial Development Authority (IDA) has granted approvals for 61 projects to expand inside and outside the…
Toshiba likely to post Net Loss for last Fiscal Year: Nikkei
Toshiba Corp is expected to report a net loss for the last fiscal year and also revise down its fiscal 2011/12…