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Industry & Trade
Egypt’s food company Juhayna profits 60% up in Q1-2020
Egyptian Juhayna Food Industries' profits rose 60 percent year-on-year during the first quarter of 2020, its…
Dubai could be headed for another debt crisis
Dubai is facing the risk of a debt crisis reminiscent of the 2009 crash that wiped out thousands of jobs and…
Gas supplied to 110 tourist facilities in Egypt’s Sharm El-Sheikh – ministry
Natural gas is being supplied to 110 tourist facilities in Egypt's Sharm El-Sheikh, with investments worth 250…
Egypt’s exports of building materials post $ 1.5 bn during Q1
Egypt's exports of building materials, refractory and metallurgy industries post $1.5 billion during the first…
U.S. oil producers eye shutting down operations as coronavirus dry up need for fuel
Oil producers in the U.S. are making painful decisions about how to close their operations after the coronavirus…
Majid Al Futtaim to establish 5 new Carrefour branches post coronavirus
Dubai-based mall operator Majid Al Futtaim is looking to open 5 new Carrefour branches after coronavirus crisis,…
Egypt’s marble, granite exports fall 31% in Q1– report
Egypt’s exports of marble and granite dropped 31 percent during first quarter of 2019 to $42 million down from $61…
Eni, Naturgy’s Damietta gas plant agreement with Egypt falls through
An agreement struck between Spanish gas company Naturgy Energy Group, Italy’s Eni, and the Egyptian government to…
Dana Gas to use proceeds from Egyptian assets to repay sukuk
Dana Gas seeks to use the proceeds from its Egyptian assets, which the United Arab Emirates-based company has been…
Nestle Q1 sales jump buoyed by coronavirus food stockpiling
Swiss food giant Nestle reported on Friday its best quarterly sales growth in almost five years as consumers…