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Industry & Trade
BP swings to US$6 billion loss on Deepwater hit
BP PLC swung Tuesday to a loss in the second quarter, as earnings were hit by lower oil prices and a…
Egypt expecting 45% rise in Emirati Tourists in 2015
Egypt expects a 45 per cent jump in Emirati tourists this year, the chairman of the Egyptian Tourism Authority…
Siemens to upgrade Egypt’s Electrical Railway Systems
German industrial giant Siemens Aktiengesellschaft signed Monday a preliminary agreement to upgrade the Egyptian…
Egypt’s Russian Industrial Zone to include Food, Car, Ship Manufacturing Projects
Russia’s anticipated industrial zone in Egypt is to encompass food, equipment, ship and car manufacturing projects,…
AstraZeneca sells rare cancer drug to Sanofi for up to $300mn
AstraZeneca (AZN.L), under pressure from falling sales of older drugs, is selling a medicine for a rare type of…
BG Egypt names oil and gas veteran as new president
BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as…
Italian Technip signs deal to upgrade Egypt Oil Refineries
Technip Italy, a world leader in project management for the energy industry, has finalised two joint agreements…
30 Russian Firms pursue Investment Opportunities in Egypt
A Russian mission encompassing 30 firms is to visit Egypt Sunday to discuss available investment opportunities in…
Egypt announces three new Oil Discoveries in Gulf of Suez, Eastern and Western Deserts
Egypt announced three new petroleum discoveries in Gulf of Suez, Eastern and Western desert with total reserves of…
Eastern Company Profits rise by 19.2 pct end June 2015
The profits of Eastern Company S.E.A -a joint stock company- increased by 19.2% during the fiscal year 2014-15,…