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Industry & Trade
Cape Town-Cairo Road to be Ready in Few Months: Minister
A road linking between Egypt’s Alexandria and South Africa’s Cape Town- known as Cape to Cairo road- will be…
ASEC to carry out Gypsum Factory in Suez – SEBA
ASEC Cement Company intends to build a new gypsum factory in the north west of Suez Gulf, Egypt, the…
Oriental Weavers records slight Fall in Q1 Profit
Egypt’s largest carpet-maker, Oriental Weavers announced Sunday its first-quarter net profit recorded 152.68…
Nomura, RBS ordered to pay US$806 mn to Housing Agency
Nomura Holdings Inc. and Royal Bank of Scotland Group Plc were ordered to pay US$ 806 million in damages to…
As recalls mount, Takata, Japan automakers stuck in uneasy reliance
Air bag manufacturer Takata Corp (7312.T) and Japanese carmakers including Honda Motor Co (7267.T) are locked in…
Rosneft takes control of PetroRio Oil Venture in Brazil’s Amazon
OAO Rosneft, Russia’s largest oil producer, has taken control of an exploration venture in the Brazilian Amazon,…
Egypt Exports to Nile Basin Markets hit US$69.6 million in January
Egyptian exports to Nile basin countries have reached in January US$69.650 million, Egypt’s state statistics agency…
Egyptian state company to install five PV Solar Power Plants in Dakahlia
Egypt’s military organisation, the Arab Organization for Industrialization (AOL) is set to install five solar…
South African Tycoon buys New Look Fashion Retailer
New Look has been bought by a South African magnate for £780 million. Brait, controlled by retail billionaire…
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.…