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Industry & Trade
Kuwaiti’s Ekuity acquires 30% stake in AluNile
Kuwaiti investment holding company (Ekuity) has acquired a 30 percent stake in Egypt’s Nile Aluminum and Metals…
SCZone to create 1mln jobs until 2030: Zaki
Suez Canal Economic Zone (SCZone) seeks to create million job opportunities until 2030, Yahia Zaki, Head of the…
Saudi Arabia starts IPO of Aramco world’s largest oil company
Saudi Arabia’s state oil company kick-started its initial public offering (IPO) on Sunday, announcing its intention…
Iran strikes initial deal to rebuild Syrian power grid
Iran signed a preliminary agreement with Syria on Saturday to help rebuild the Arab ally’s electricity grid,…
Egypt’s Suez Canal records highest ever Oct. revenues – official
Egypt’s Suez Canal recorded its highest ever monthly revenues in October, the Suez Canal Authority's chairman Osama…
McDonald’s cancels ‘Sundae Bloody Sundae’ Halloween promotion
McDonald’s on Friday has canceled a promotion for a “Sundae Bloody Sundae” ice cream that was available in Portugal…
U.S., OPEC supply has ‘extinguished’ remaining upside potential for oil prices
A growth in production from the U.S. and OPEC has offset any remaining upside potential for oil prices, according…
Aramco IPO will start Sunday after Saudi Crown Prince approvment
Saudi Arabia’s Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil…
Egypt’s Cabinet denies decline in non-oil exports
The Egyptian cabinet information center on Friday denied reports claiming that the xountry's non-petroleum exports…
Nestle is doubling investment in Egypt bottled water business
Nestle’s bottled water business is planning to double its investments in Egypt in the next five years, Nestle…