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Industry & Trade
Egyptian dairy Domty plans 200 million pounds Investments after IPO
Arabian Food Industries Co (Domty), one of Egypt's top dairies, is planning to pump new investments worth 200…
Egypt awards Monorail Project to Canadian-Egyptian Consortium
An Egyptian-Canadian consortium has been chosen to carry out Egypt’s suspension railway, a form of elevated…
China’s Factory Activity Steady in April
Factory activity in the world's second largest economy, China, held steady in April, coming in slightly above…
Spain’s Abengoa inks MoU with Egypt on Renewable Energy Development
Spain-based Abengoa signed Thursday a memorandum of understanding with Egypt’s New and Renewable Energy Authority…
Berkshire Hathaway’s Operating Income rises 20%
Warren Buffett's Berkshire Hathaway Inc. posted a 20% increase in operating profit for the first quarter, boosted…
Shell signs $15.3 billion Bridge Loan
Royal Dutch Shell (RDSa.L) has agreed a 10.07 billion pound ($15.28 billion) bridge loan from a group of…
Egypt to cut at least 10% of Fuel Subsidies in FY 2015/16
Egypt will cut at least 10 percent of a current fuel subsidy bill of up to 100 billion Egyptian pounds in the next…
Schneider Electric targets New Investments in Egypt Energy Sector
France's Schneider Electric SA is planning pumping new energy investments into Egypt in the upcoming period, the…
Egypt’s Suez Cement: Q1 Net Profit fell to $7.6mn on “Unforeseen Pressures”
Suez Cement, Egypt's largest listed cement maker by market value, on Thursday reported a first-quarter net profit…
French Louis Dreyfus seeks investing in Egypt’s Logistics Centre – Minister
France-based Louis Dreyfus Commodities Company is offering to invest in Egypt’s logistics centre in Damietta,…