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Industry & Trade
WTO urges UAE to liberalize Foreign Investment Regime
The World Trade Organization (WTO) yesterday urged the UAE to liberalize its foreign investment regime and scrap…
Finishing Khalifa Port’s First Phase by the End of 2012
Phase one of Abu Dhabi’s Khalifa Port -that worth Dh26.2 billion- will be completed by the end of this year.…
Avon Rejects Coty’s Bid
Beauty company Coty Inc said on Monday that it had offered to buy Avon Products Inc for $10 billion and was willing…
Asian Outlook Brightens as the European Dims
An eighth straight month of contraction in the euro zone's manufacturing sector eclipsed brighter news from Asia on…
Metro Opens its 51st Supermarket in Giza
Egypt's number one retail chain, Metro, is opening its 51st store in Cairo on 11th of April. The new store is…
Chinese Manufacturing Gains Momentum in March Again
Chinese manufacturing rose for a fourth straight month in March, helped by a recovery in the auto, tobacco and…
Egypt’s Delegation Discusses the File of “QIZ” in Israel
An Egyptian Commercial delegation has left Cairo to Israel for the purpose of finding solutions for problems faced…
Cairo’s Chamber Supports Egypt-Sri Lanka Economic Relations
Commercial chambers of Egypt and Sri Lanka have signed an understanding memorandum in Colombo – Capital of Sri…
Foras Studies $100 Million Venture Capital Company In Egypt
Foras International Investment, the financial arm of the of the Islamic Chamber of Commerce, is studying a $100…
Funding Expansions may Push Marriott to Sell Edition Hotels
Marriott International Inc. (MAR), the largest publicly traded U.S. hotel chain, may sell its three Edition…