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Industry & Trade
Sumitomo Egypt discusses injecting EGP1bln in Egyptian market
Sumitomo Egypt discussed the possibility of pumping 1 billion Egyptian pounds investments through the…
Apache may spend $900mln into its Western Desert oil concessions in Egypt
US oil and gas producer Apache may pump as much as $900 million into its Western Desert oil concessions this fiscal…
Egypt’s PMI expands for 1st time in 14 months, non-oil private sector grows
Egypt’s non-oil private sector grew in September, its first expansion in 14 months and a sign Egypt may be over the…
Egypt, Cyprus discuss developments in the electrical interconnection project
Egypt and Cyprus officials discussed the latest developments in the power interconnection project between the two…
Egypt’s Trade Ministry to make final decision on billet import fees
The Trade Ministry is due to decide before next Sunday 11 October whether to cut or extend anti-dumping duties of…
Orange Egypt, Etisalat Misr compete for 20 MHz offered separately by NTRA
Orange Egypt and Etisalat Misr are competing for another 20 MHz of bandwidth offered by the National…
Egypt facilitates procedures for Foreign investors to apply for residence permits
Foreign investors will soon be able to apply for five-year renewable residence permits under amended regulations…
Nassef Sawiris to raise $600mln through offering new firm on NYSE
Avanti Acquisition Corp which is owned by Egyptian billionaire Nassef Sawiris, is set to start trading on the New…
Eurozone manufacturing sector sees strongest growth in over 2 years
The IHS Markit survey showed that Eurozone Manufacturing PMI recorded 53.7 in September, up from 51.7 in August,…
Egypt’s trade deficit more than halves in July, CAPMAS says
Egypt’s balance of trade deficit shrunk by 51.8 percent year-on-year (YoY) to $2.28 billion in July from $4.73…