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Industry & Trade
Egypt’s Sovereign Wealth Fund raises partnership between public, private sectors
Egypt's newly-founded Sovereign Wealth Fund (SWF) was one of the mechanisms the state utilised to increase…
Egypt’s Red Sea hotel occupancy rises 75% in 2019 – official
Average occupancy rates in Egypt's Red Sea hotels recorded 75 percent in 2019, a senior official in the Tourism…
Egypt’s exports to African Union 27.4% up in 2018 – CAPMAS
Egypt's exports to African Union (AU) countries rose 27.4 percent to $4.736 billion in 2018 from $3.716 billion in…
Fashion retailer H&M launches new online store in Egypt
H&M has launched a new online store in Egypt. the fashion retailer entered Egypt in 2008 and now has 13 stores…
Eni: interest in Dana Gas Egypt assets neither ruled out nor a priority
Chief executive of Italian oil firm Eni does not rule out a possible interest for the Egyptian assets of Dana Gas…
Emirates says ordered 50 Airbus A350 jets worth $16 billion
Emirates has ordered 50 Airbus A350 jets, the Dubai state-owned airline revealed during the Dubai Air Show on…
A start-up in Finland seeks to produce hydrocarbons via renewables
In Finland, one firm is working on a process that it says could boost the air quality inside buildings and generate…
Ford announces Mustang Mach-E, price starting at around $44,000
Ford Motor unveiled its 2021 Mach-E Sunday night in in Los Angeles. It is the first vehicle based on the company’s…
Egypt to increase oil export revenues to $8.5bn end-FY20
Egypt's Petroleum Ministry plans to increase its oil export revenues to $8.5 billion at the end of the 2019/2020…
Egypt’s trade deficit falls 25.8% in August – CAPMAS
Egypt's trade deficit fell 25.8 percent to $3.51 billion in August from $4.73 billion during the same month in…