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Industry & Trade
$2.9 bln allocated for Upper Egypt development in FY2021 – minister
Egypt’s Planning Minister Hala El-Said said Upper Egypt will see government investments of 47 billion Egyptian…
AstraZeneca is approaching Gilead about a potential merger – the healthcare deal on record
UK drugmaker AstraZeneca has approached Gilead about a potential merger, a healthcare deal that is expected to be…
PepsiCo aims to inject $100m new investments into Egypt
PepsiCo Egypt is looking to invest $515 million in the local market between 2018 and 2021, the company’s chairman…
China’s May exports contracted as demand slumps
China’s exports contracted in May as global coronavirus lockdowns continued to devastate demand, while a…
China May exports slip back into contraction, imports worst in four years
China’s exports contracted in May as global coronavirus lockdowns continued to devastate demand, while a…
Emaar Misr seeks to establish a new EGP40bn investment zone in Cairo
Emaar Misr, the Egyptian unit of UAE property conglomerate Emaar Properties, is looking to build a new 40 billion…
Raya Foods expects 20% annual growth over 5 years despite coronavirus
Raya Foods, a subsidiary of Raya Holding for Financial Investments, expects an annual growth of 20 percent over the…
Egypt sees an agreement to build industrial establishments committed to enviroment
The Ministry of Trade and Industry and Ministry of Environment inked a protocol on cooperation to facilitate…
OPEC and allies reportedly agree to extend record production cut
OPEC agreed to extend the historic 9.7 million barrels per day production cut for an additional month in an effort…
Egypt assigns EGP 36.7bn for 691 green projects in FY 2020/21
Egypt aims to launch 691 green projects with a total cost of 447.3 billion Egyptian pounds during The fiscal year…