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Industry & Trade
Avon shares seesaw on spurious reports of a takeover bid
Trading in Avon Products was repeatedly halted earlier on Thursday after shares soared as much as 20% in New York.…
Sysco may face about $1 billion in costs if US Foods Merger dies
Sysco Corp (SYY.N) will be left with a bill of around $1 billion if the U.S. government kills its $3.5 billion…
Egypt’s FY Wheat Imports 40% Less – Official
Wheat imports in Egypt are witnessing a 40 percent decline this fiscal year, vice chairman of the state-grain buyer…
Biggest Russian Business Delegation visits Egypt May 25
A Russian business delegation will arrive in Egypt for a two-day visit on 25 and 26 of this month, the…
Egypt Refuses EKH Offer, New Negotiations To Start: Salman
The Egyptian government has refused an offer from the Egypt Kuwait Holding (EKH) (EKHO) company to settle the…
Russia’s Rusal swings to net profit in first quarter
Russia's United Company Rusal, the world's biggest aluminium producer, swung to a net profit in the first quarter…
Egypt to see $30bn investment in coal industry by 2020: Minister
Egypt expects to see $30 billion worth of investments in the coal industry in the coming five years, Investment…
UAE To Invest $2 Bln In Egypt In Housing Projects: Minister
The UAE will start pumping approximately $2bln in investments in Egypt during the next fiscal year (FY) 2015/2016,…
Egypt sees $30 billion in Coal Investments in five years – Minister
Egypt is expected to generate US$30 billion investments in coal industry within the upcoming 5 years, investment…
GE would offer concessions to win EU approval of Alstom deal: executive
General Electric Co (GE.N) said on Monday for the first time it would be willing to consider concessions in order…