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Industry & Trade
Egypt and Spain sign MoU on Rail
Egypt has signed today a Memorandum of Understanding (MoU) with Spain in field of transportation. The signing…
Orascom Construction to build $101 million Hotel in US
Egypt’s Orascom Construction (OC) said Thursday the Weitz Company,a wholly-owned subsidiary, has been selected to…
Shell Profit up 7% despite Sharp Fall in Revenue
Royal Dutch Shell PLC on Thursday reported a 7% rise in first-quarter profit from a year earlier but also posted a…
Vinci and Bouygues win Cairo Metro Contract
A joint venture led by Vinci and Bouygues has won a € 264 million (£189m) contract to extend Line 3 of the metro in…
BREAKING: Justin King, another Sainsbury’s chief to face Egypt Prosecution
In another shock twist to the ongoing crisis of Sainsbury’s messy involvement in Egypt, it has been revealed on…
Lafarge Profit up 17%; on track to hit Target
French cement maker Lafarge SA, which is in the process of merging with Swiss rival Holcim Ltd, on Thursday said it…
Qalaa Holdings records $115 million Year Loss
Qalaa Holdings, one of Egypt's largest investment firms, reported a full-year net loss of 879.6 million Egyptian…
Japan Tobacco to buy U.S. e-cigarette Maker Logic Technology
Japan Tobacco said on Thursday it had agreed to buy Florida-based e-cigarette maker Logic Technology Development…
India Tycoon to open Plant for Sovaldi Production in Egypt
Pharmed Healthcare, a company owned by India’s most popular billionaire Bavaguthu Raghuram Shetty, announced…
Access Power agrees Egypt’s 65MW Solar Plant Deal
Dubai-based Access Power said Wednesday it had agreed a deal with Egypt's government to build a 65 megawatt (MW)…