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Industry & Trade
UAE’s Dana Gas records 73% Profit fall due to Oil Price Decline
Sharjah-based Dana Gas reported lower sales and profit in the first quarter, as cost-cutting failed to mitigate the…
Egypt inks 7 Solar, Wind deals worth U$500 million
Egypt’s Ministry of Electricity has signed seven binding Memorandum of Understanding (MOUs) worth $500 million in…
Lufthansa faces more Cost-Cuts despite Profits Improvement
German airline Lufthansa, hit by a series of strikes, has warned that more cost-cutting is needed. The carrier…
Cement Makers Holcim and Lafarge win U.S. Antitrust Approval to merge
Holcim Ltd (HOLN.VX), a Swiss company, and Lafarge S.A. (LAFP.PA), which is based in Paris, on Monday won U.S.…
China sets Rules to lure Private Investment in Infrastructure
China has put in place rules to protect private investors and expand opportunities in infrastructure and utility…
General Electric ties up with Qualcomm, Apple in new Lighting Business Bet
General Electric Co Monday announced collaborations with Qualcomm Inc and Apple Inc as it uses digital technology…
Egypt’s Fuel Smart Card System to start on 15 June: Minister
Egypt is to carry out a long-planned smart card system for fuel at gas stations starting on 15 June, Planning…
US, German Firms to help Egypt face Summer Energy Crisis
An American and a German firm will operate in Egypt to generate 3,600 megawatts of electricity together, Egypt's…
Free Trade Zone linking 26 African States Pivotal for Africa’s Progress
A free trade zone linking 26 countries in Africa shall encourage more foreign investors to seize available…
FoodAfrica Exhibition opens first time in Cairo on May 6
Egypt’s Industry Minister Mounir FakhryAbdel Nour will inaugurate next Wednesday the International Trade Exhibition…